8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

                        Date of Report: October 24, 2003

                             FOUR OAKS FINCORP, INC.

             (Exact name of registrant as specified in its charter)



    North Carolina                   000-22787               56-2028446
(State of incorporation)        (Commission File No.)      (I.R.S. Employer
                                                         Identification Number)


                              6114 U.S. 301 SOUTH,
                         FOUR OAKS, NORTH CAROLINA 27524
                    (Address of principal executive offices)

                                 (919) 963-2177
              (Registrant's telephone number, including area code)

               This document contains 2 pages, excluding exhibits.






                              Item 5. Other Events

On October 23, 2003, Four Oaks Fincorp, Inc. (OTC BB: FOFN) announced that the
Board of Directors approved a five-for-four split of the Corporation's common
stock, which represents a 25% stock dividend. The split is payable November 10,
2003 to shareholders of record on November 3, 2003. The press release is filed
herewith as Exhibit 99.2 and incorporated by reference herein.

Item 7(c):  Exhibits

                           Exhibit 99.2: Press Release


Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, Four Oaks
Fincorp, Inc. has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

Four Oaks Fincorp, Inc.

By:   /s/  Ayden R. Lee, Jr.,
      -------------------------------------
      Ayden R. Lee, Jr.
      President and Chief Executive Officer


Date:  October 24, 2003

EX-99

                                                                   Exhibit 99.2

    Four Oaks Fincorp, Inc. Announces Five-for-Four Stock Split

   FOUR OAKS, N.C.--(BUSINESS WIRE)--Oct. 23, 2003--At the regularly
scheduled meeting on October 20, 2003, the Board of Directors of Four
Oaks Fincorp, Inc. (OTCBB:FOFN) approved a five-for-four split of the
Corporation's common stock, which represents a 25% stock dividend.
   President and CEO Ayden R. Lee, Jr. stated that "this split serves
to express to our shareholders and the investing public our
expectations for the continued success of the Company."
   Currently, there are approximately 2.1 million shares of common
stock outstanding. Following the split, Four Oaks Fincorp, Inc. will
have over 2.6 million shares of common stock outstanding. The split is
payable November 10, 2003 to shareholders of record on November 3,
2003.
   Total assets for the Company as of September 30, 2003 were
$328,695,000. Four Oaks Fincorp, Inc. is a bank holding company for
Four Oaks Bank & Trust Company which operates ten banking offices in
Four Oaks, Clayton, Smithfield, Garner, Benson, Fuquay-Varina,
Wallace, and Holly Springs, North Carolina.
   Four Oaks Fincorp, Inc. trades through our market makers under the
symbol of FOFN.
   Information in this press release contains "forward-looking
statements." These statements involve risks and uncertainties that
could cause actual results to differ materially including without
limitation, the effects of future economic conditions, governmental
fiscal and monetary policies, legislative and regulatory changes, the
risks and changes in interest rates on the level and composition of
deposits, the effects of competition from other financial
institutions, the failure of assumptions underlying the establishment
of the allowance for possible loan losses and the low trading volume
of our common stock.


    CONTACT: Four Oaks Fincorp, Inc.
             Ayden R. Lee, Jr. or Nancy S. Wise, 919-963-2177