February 8, 2010

Former Nuestro Banco System Conversion Will Soon Be Complete.

We are working diligently to conclude the transition of the recently purchased Nuestro Banco to Four Oaks Bank.  On February 22nd the conversion to our systems will be complete and this office will officially be a part of the Four Oaks Bank branch network, providing all the same products and services.  Our bilingual staff will be ready to assist you.

Location: 1408 Garner Station Blvd. in Raleigh (at the intersection of Hwy 401 and Garner Station Boulevard, next to T.K. Tripp's.)

Phone: 919-582-2720

January 14, 2010

Be Aware of Two Possible E-mail Scams.

Be on the alert for two different scams that are using the Haitian earthquake and the IRS tax season as means to trick users into compromising information.  Please review the information in the following paragraphs.

 Haitian Earthquake Disaster Email Scams

Potential email scams and search engine poisoning campaigns may circulate regarding the Haitian Earthquake disaster. The scam emails may contain links or attachments which may direct users to phishing or malware-laden websites. Fraudulent search engine results may return similar malicious web links to phishing and malware websites.

 IRS Warns of Online Scams

Be aware of reports of tax season phishing scams. The U.S. Internal Revenue Service has issued a news release on its website warning consumers about potential scams. These scams are circulating via fraudulent email or other online messages appearing to come from the IRS. They attempt to convince consumers to reveal personal and financial information that can be used to gain access to bank accounts, credit cards, and other financial institutions.

December 31, 2009

Nuestro Banco is Now Part of Four Oaks Bank

As of the close of business on December 31, 2009, Nuestro Banco legally became part of Four Oaks Bank.  All paperwork has been completed and filed with the NC Secretary of State.  Systems conversion will begin at the close of business on February 19, 2010, and Nuestro Banco will begin fully operating as Four Oaks Bank on February 22, 2010. 

November 25, 2009

Beware of "Mystery Shopping" Scam!

What is "mystery shopping" and what do mystery shoppers do?  Mystery shoppers are individuals hired to gather information about service, quality, cleanliness and other issues on behalf of business owners.

Legitimate mystery shopping companies WILL:

• have an application process

• provide training and detailed instructions for its shoppers

• pay their shoppers by check or direct deposit after the shop is completed

Legitimate mystery shopping companies WILL NOT:

• recruit shoppers by mail

• send you a check before you have actually conducted a mystery shopping evaluation

• ask you to send money somewhere else

• charge a fee for becoming a shopper

Letters with attached checks are mailed randomly in hopes of getting the recipients to follow through with the instructions.  These instructions often include sending the majority of the amount of the check elsewhere via Western Union or MoneyGram transfer, only to discover that the check received is fraudulent, leaving the individual owing the bank potentially thousands of dollars.

If you receive a check in the mail that you did not expect or request, feel free to bring it to any office of Four Oaks Bank and we will help you determine if it is legitimate.

"If It sounds Too Good To Be True...

It Probably Is!"

This applies to Lottery Winnings, Estate Settlements, and any other unsolicited offers you may receive that appear to be an easy way to make money.  Do not become a victim of these scams.  Please contact any office of Four Oaks Bank for assistance.  

June 2, 2009

Four Oaks Bank Ranks In The Top 200 Community Banks By US Banker Magazine

FOUR OAKS, N.C.--(BUSINESS WIRE)--For the third consecutive year, Four Oaks Fincorp, Inc. (OTCBB:FOFN), the holding company for Four Oaks Bank & Trust Company, today announced that US Banker magazine has ranked it among the top 200 community banks in the United States based on its 3-year average Return On Equity (ROE). The magazine's article entitled "Slow and Steady Wins the Race" in its June 2009 issue revealed the results of its research and ranking in a list of the top 200 community banks. Ranked #189, Four Oaks Fincorp, Inc., headquartered in Four Oaks, NC, was one of only seven North Carolina community banks to make the list.

"We are very excited to receive national recognition of our bank and its operations," says Ayden R. Lee, Jr. Chairman, CEO and President of Four Oaks Bank, "especially during a global recession while experiencing depressed earnings and stock prices. We are well-capitalized as determined by bank regulations. We are very proud of our team of banking professionals and directors who work diligently to make our bank a great value for our investors and a valued resource for our customers."

_______________________________________