First Federal to take over Cape Fear Bank

A Wilmington based bank is the twenty-second US bank to close it’s doors in 2009.

On Monday, First Federal Bank will take over all eight of the Cape Fear Bank branches.

The FDIC had been monitoring Cape Fear Bank for more than a year.

Cape Fear Bank customers won’t have to worry about any changes. All ATM cards and checks will be honored until First Federal takes over. First Federal will interview all of the nearly 100 Cape Fear Bank employees.

If any lose their jobs, First Federal will provide services to help them find another job.