[LETTERHEAD] [PRICEWATERHOUSECOOPERS LOGO APPEARS HERE] - -------------------------------------------------------------------------------- PricewaterhouseCoopers LLP 150 Fayetteville Street Mall Suite 2300 Raleigh, NC 27601 Telephone (919) 755-3000 Facsimile (919) 755-3030 September 12, 2000 Four Oaks Fincorp, Inc. 6144 US 301 South Four Oaks, NC 27524 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Commissioners: We have read the statements made by Four Oaks Fincorp, Inc. (copy attached), which we understand will be filed with the Commission, pursuant to Item 4 of Form 8-K, as part of the Company's Form 8-K report dated September 5, 2000. We agree with the statements concerning our Firm in such Form 8-K. Very truly yours, /s/ PricewaterhouseCoopers LLP - ------------------------------ PricewaterhouseCoopers LLP