Financial Services >> CEO Interviews >> September 28, 2004

Fredrick Willetts Iii – Cooperative Bankshares Inc (coop)

FREDRICK WILLETTS III is Chairman of the Board, President and a Director (elected to Board in 1976) of Cooperative Bankshares, Inc. He joined Cooperative Bank (formerly Cooperative Savings and Loan Association) in 1972 as a management trainee. Mr. Willetts is a member of the Government Relations Committee of the American Bankers Association and a member of the Government Affairs Steering Committee of America's Community Bankers. He attended the University of North Carolina at Chapel Hill and graduated from Guilford College with a BA in History in 1972. He is a graduate of the School of Savings and Loan at Indiana University. Mr. Willetts was in the U.S. Coast Guard from 1969 to 1970. Profile
TWST: Please give us a brief history of your bank and an overview of

your operations.

Mr. Willetts: The bank was founded in 1898 and operated as a thrift

through the early 1990s, when we