Financial Services >> CEO Interviews >> September 8, 2003
FREDERICK WILLETS III is President and Chief Executive Officer of
Cooperative Bankshares since June 1, 1991. He has been with the bank
since1972. He was named to the additional position of Chairman of the
Board during 1998. Mr. Willetts is past Chairman of the North Carolina
Bankers Association and has served on the Board of Directors of
America's Community Bankers. He has served on the Thrift Institutions
Advisory Council to the Federal Reserve Board, as President of the
Southeastern Conference of the U.S. Savings and Loan League, the Greater
Wilmington Chamber of Commerce, the Foundation of the Episcopal Diocese
of East Carolina, Vice Chairman of the Foundation of the University of
North Carolina at Wilmington and as President of Wilmington Industrial
Development (Committee of 100). Mr. Willetts was the recipient of the
New Hanover Distinguished Service Award in 1987, the 'Five Outstanding
Young North Carolinians' Award in 1988, the Glen Troop Award for
outstanding public service to the thrift industry in 1990, and the
Wilmington Good Citizenship Award in 1994. Profile
Bankshares?
Mr. Willets: The bank holding company currently has assets of about $525
million. The bank itself has 21 offices, or
