EXHIBIT 23.3 Consent of Daniel G. Matthews & Associates, Inc. [DANIEL G. MATTHEWS & ASSOCIATES LETTERHEAD] July 22, 1997 Four Oaks Bank & Trust Company P. O. Box 309 Four Oaks, NC 27524 Re: Consent of Daniel G. Matthews & Associates, Inc. We consent to the incorporation by reference in the Registration Statement (Form S-3) pertaining to the Four Oaks Fincorp, Inc. Dividend Reinvestment Plan of our report dated February 20, 1996, with respect to the consolidated financial statements of Four Oaks Bank & Trust Company, incorporated by reference in its Annual Report (Form F-2) for the year ended December 31, 1996 filed with the Federal Deposit Insurance Corporation. /s/ Daniel G. Matthews & Associates, Inc. DANIEL G. MATTHEWS & ASSOCIATES, INC. Smithfield, North Carolina