FOUR OAKS FINCORP, INC. (OTCMKTS:FOFN) Files An 8-K Other Events
Item 8.01
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Other Events. |
On February 16, 2017, Four Oaks Fincorp, Inc. issued a press
release announcing the expected effective time of its previously
approved one for five reverse stock split. A copy of the press
release is attached hereto as Exhibit 99.1 and is incorporated
herein by reference.
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Item 9.01 |
Financial Statements and Exhibits. |
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(d) |
Exhibits. |
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Exhibit No. |
Description of Exhibit |
| 99.1 | Press Release issued on February 16, 2017 |
About FOUR OAKS FINCORP, INC. (OTCMKTS:FOFN)
Four Oaks Fincorp, Inc. is a bank holding company. The Company’s primary function is to serve as the holding company for its subsidiaries, Four Oaks Bank & Trust Company, Inc. (the Bank) and Four Oaks Mortgage Services, L.L.C. The Bank operates over 16 offices in eastern and central North Carolina. In addition, the Company has an interest in Four Oaks Statutory Trust I. The Bank is a community-focused bank engaged in commercial banking business. The Bank provides a range of banking services, including deposit accounts, loan products, wealth management, bank access services and merchant services. The Bank offers deposit accounts, such as checking, savings, free checking and savings program, certificates of deposit (CD), e-statements and mobile check capture. It offers wealth management products, such as financial planning services, wealth management services, life insurance, long-term care and annuities. It offers Internet banking, telephone banking and mobile banking. FOUR OAKS FINCORP, INC. (OTCMKTS:FOFN) Recent Trading Information
FOUR OAKS FINCORP, INC. (OTCMKTS:FOFN) closed its last trading session down -0.05 at 3.45 with 3,582 shares trading hands.
