Four Oaks Bank & Trust (fka FOFN)

[Enterprising Investor]

Four Oaks Fincorp, Inc. Begins Trading on OTCQX (2/02/15)

FOUR OAKS, N.C.--(BUSINESS WIRE)--Four Oaks Fincorp, Inc. (OTCQX: FOFN) holding company for Four Oaks Bank & Trust Company in North Carolina, announced that its common stock began trading today on OTCQX, the best marketplace for established, global and growth companies operated by OTC Markets Group Inc. Prior to this, the company’s shares traded on the OTCQB venture marketplace. The Company’s ticker symbol “FOFN” remains the same.

To qualify for OTCQX a bank must meet high financial standards, be current with its regulatory reporting and post quarterly results and report material events in a timely manner. These banks must also appoint a Corporate Broker, a FINRA member broker-dealer specializing in bank stocks, to serve as their OTCQX advisor. Sandler O’Neill & Partners, L.P., a nationally recognized firm, will serve as Four Oaks Fincorp’s Corporate Broker on OTCQX.

Ayden R. Lee, Jr., Chairman of the Board, President, and Chief Executive Officer of Four Oaks Fincorp, Inc. and Four Oaks Bank & Trust Company said, “Our bank was chartered in 1912; like any company that is over 100 years old, our shareholder base is changing and the need for shareholder liquidity is becoming more important. To satisfy this growing need, the company is joining the OTCQX marketplace with the goal of making our stock more accessible to all investors and to increase shareholder value over time.”

U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

About Four Oaks Fincorp, Inc.

Four Oaks Fincorp is the holding company for Four Oaks Bank & Trust Company (“the Bank”). The Bank provides traditional personal banking services as well as loans for business, agriculture, real estate, personal use, home improvement, and automobiles. Four Oaks is a community bank with 13 branch offices and two loan production offices located in Johnston, Wake, Moore, Harnett, Duplin and Sampson Counties of North Carolina.

Further information is available on the Company’s website at www.fouroaksbank.com.

http://www.businesswire.com/news/home/20150202006247/en/Oaks-Fincorp-Begins-Trading-OTCQX#.VNAWn4ktGUk