SOURCE: Four Oaks Fincorp, Inc.

January 17, 2007 16:33 ET

Four Oaks Fincorp, Inc. Declares 2007 First Quarter Dividend

FOUR OAKS, NC -- (MARKET WIRE) -- January 17, 2007 -- Four Oaks Fincorp, Inc.(OTCBB: FOFN), holding company for Four Oaks Bank & Trust Company, today announced that the Board of Directors declared a cash dividend of 7 cents per share payable on or after March 7, 2007, to shareholders of record on February 28, 2007. This dividend is 9% higher than the first quarter 2006 dividend as adjusted to retroactively reflect the five-for-four split paid on November 10, 2006.

Contact Information

  • Contact:
    Ayden R. Lee, Jr.
    President and Chief Executive Officer

    Nancy S. Wise
    Executive Vice President and Chief Financial Officer
    Four Oaks Fincorp, Inc.
    (919) 963-2177