Federal Reserve Board issues enforcement action with Four Oaks Bank & Trust Company and termination of enforcement action with Four Oaks Fincorp, Inc. and Four Oaks Bank & Trust Company

The following press release was published by the Board of Governors of the Federal Reserve System on Aug. 4, 2015. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: Four Oaks Bank & Trust Company (PDF), Four Oaks, North Carolina Written Agreement dated July 30, 2015 The Federal Reserve Board also announced the termination of the enforcement action listed below: Four Oaks Fincorp, Inc. and Four Oaks Bank & Trust Company, both of Four Oaks, North Carolina Written Agreement dated May 24, 2011 Terminated July 30, 2015 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System