Article: First Bancorp acquires Cooperative Bank.

Global Banking News-22 June 2009-First Bancorp acquires Cooperative Bank(C)2009 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 22 June 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

First Bancorp (NASDAQ: FBNC) has said that its subsidiary First Bank has entered into a purchase and assumption agreement with Federal Deposit Insurance Corporation (FDIC), as receiver for Cooperative Bank, Wilmington, North Carolina.

The North Carolina Commissioner of Banks has issued an order providing for the closing of Cooperative Bank and appointed FDIC as receiver. Under the ...

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