SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 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): October 20, 2005 COOPERATIVE BANKSHARES, INC. (Exact name of registrant as specified in charter) NORTH CAROLINA 0-24626 56-1886527 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 201 MARKET STREET, WILMINGTON, NORTH CAROLINA 28401 (Address of principal executive offices, including zip code) Registrant's telephone number, including area code: (910) 343-0181 NOT APPLICABLE (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION --------------------------------------------- On October 20, 2005, Cooperative Bankshares, Inc. issued a press release announcing its unaudited financial results for the quarter ended September 30, 2005. 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. ITEM 9.01 FINANCIAL STATEMENTS AND OTHER EXHIBITS --------------------------------------- Exhibit 99.1 Press Release dated October 20, 2005 Exhibit 99.2 Additional Financial Information -2- 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. /s/ Todd L. Sammons -------------------------------------------------- Todd L. Sammons Senior Vice President and Chief Financial Officer Date: October 20, 2005 -3- EXHIBIT INDEX ------------- EXHIBIT NO. DESCRIPTION ----------- ----------- 99.1 Press Release dated October 20, 2005 99.2 Additional Financial Information -4-