(OTCBB:FOFN) Four Oaks Fincorp, Inc.

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Four Oaks Fincorp, Inc. Declares 2009 First Quarter Dividend

(OTCBB:FOFN) Four Oaks Fincorp, Inc.

Thursday January 29, 3:06 pm ET

FOUR OAKS, N.C.-Four Oaks Fincorp, Inc., holding company for Four Oaks Bank & Trust Company, recently announced that the Board of Directors declared a cash dividend of 8.5 cents per share payable on or after March 10, 2009, to shareholders of record on February 27, 2009. This dividend is 6.3% higher than the first quarter 2008 dividend.

Contact:

Four Oaks Fincorp, Inc. Ayden R. Lee, Jr., Chairman, President, and Chief Executive Officer or Nancy S. Wise, Executive Vice President and Chief Financial Officer 919-963-2177 Source: Four Oaks Fincorp, Inc.

Profile for Four Oaks Fincorp, Inc.

Four Oaks Fincorp, Inc. operates as the holding company for Four Oaks Bank and Trust Company that provides various general commercial banking products and services in North Carolina. The company offers various deposit products, including checking accounts, saving accounts, individual retirement accounts, NOW accounts, money market accounts, certificates of deposits, and student checking and savings programs. Its loan portfolio comprises loans for businesses, agriculture, real estate, personal uses, home improvement, and automobiles, as well as mortgage loans and equity lines of credit. The company also offers credit cards; safe deposit boxes; electronic funds transfer services, including wir... Detailed FOFN Company Description...

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