Without a tax benefit for losses on its Fannie Mae and Freddie Mac preferred stock, the $980 million-asset Cooperative Bankshares Inc. in Wilmington, N.C., expects to slip below the well-capitalized level.

If that happens, Rick Willetts, Cooperative's chairman and chief executive officer, said he hopes regulators refrain from imposing the typical restrictions.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.