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FOUR OAKS FINCORP, INC. ANNOUNCES RECORD EARNINGS OF $17.5 MILLION FOR THE SECOND QUARTER 2015
FOUR OAKS, NC (July 31, 2015) - Four Oaks Fincorp, Inc. (OTCQX: FOFN) (the “Company”), the holding company for Four Oaks Bank & Trust Company (the “Bank”), today announced the results for the second quarter and six months ended June 30, 2015. The Company reported net income of $17.5 million and $18.5 million, respectively, for the second quarter and six months ended June 30, 2015 compared to net income of $2.4 million and $3.8 million for the same periods in 2014. more...
NEW LOAN PRODUCTION OFFICE
On June 25, 2015, a Ribbon Cutting Ceremony was held for the Bank’s new Loan Production Office located at 1091 Investment Blvd. in Apex, NC.
GROUND BREAKING CEREMONY
On June 30, 2015, a Ground Breaking Ceremony was held for the Bank’s new permanent facility which will be located at 115 Four Oaks Place in Dunn, NC.