EXHIBIT 99.1
PRESS RELEASE
Contact:
Ayden R. Lee, Jr., Chairman, President, and Chief Executive Officer
Nancy S. Wise, Executive Vice President and Chief Financial Officer
Four Oaks Fincorp, Inc.
(919) 963-2177
FOUR OAKS FINCORP, INC. DECLARES 2007 THIRD QUARTER DIVIDEND
FOUR OAKS, NC (July 24, 2007) - Four Oaks Fincorp, Inc.(OTC BB: FOFN), holding company for Four Oaks Bank & Trust Company, today announced that the Board of Directors declared a cash dividend of 8 cents per share payable on or after September 7, 2007, to shareholders of record on August 31, 2007. This dividend is 25% higher than the third quarter 2006 dividend as adjusted to retroactively reflect the five-for-four split paid on November 10, 2006.