UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 --------- FORM 8 - K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 21, 2004 COOPERATIVE BANKSHARES, INC. ------------------------------------------------------ (Exact name of registrant as specified in its charter) North Carolina 0-24626 56-1886527 ------------------------------------------------------------------------------- (State or other jurisdiction (Commission (I.R.S. employer of incorporation) file number) identification no.) 201 Market Street, Wilmington, North Carolina 28401 --------------------------------------------------- (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code: (910) 343-0181 -------------- Not Applicable ------------------------------------------------------------- (Former name or former address, if changed since last report) ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. ---------------------------------------------------------------------------- (a) Not applicable (b) Not applicable (c) The following exhibit is filed herewith: Exhibit 99.1 Press Release dated July 21, 2004 Exhibit 99.2 Additional Financial Information ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION. -------------------------------------------------------- On July 21, 2004, Cooperative Bankshares, Inc. issued a press release announcing its unaudited financial results for the period ended June 30, 2004 (the "Period"). A copy of the press release is attached to this Report as Exhibit 99.1 and is incorporated herein by reference. Also attached to this Report as Exhibit 99.2, and incorporated herein by reference, is additional financial information for the Period. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. COOPERATIVE BANKSHARES, INC. By: /s/ Todd L. Sammons ---------------------------------------- Todd L. Sammons Senior Vice President and Chief Financial Officer Date: July 21, 2004