| Four Oaks Fincorp, Inc. (OTCBB:FOFN) (the "Company"), the holding company for Four Oaks Bank & Trust Company (the "Bank"), today announced the results for the first quarter ended March 31, 2012. Net income for the first quarter ended March 31, 2012 was $552,000 compared to a net loss of $1.1 million for the same period of 2011. The decrease in the provision for loan losses for the three months ended March 31, 2012 was $247,000 as compared to an increase of $2.6 million ...continued FOFN banks debit fraud |
Friday, April 27, 2012
Four Oaks Fincorp, Inc. Announces Positive Earnings in 2012'S First Quarter
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