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 (Date of Earliest Event Reported): April 22, 2005



                             FOUR OAKS FINCORP, INC.
             (Exact name of registrant as specified in its charter)


            North Carolina               000-22787             56-2028446
    (State or other jurisdiction of  (Commission File       (I.R.S. Employer
            incorporation)                Number)        Identification Number)



                    6114 U.S. 301 South
                 Four Oaks, North Carolina                       27524
         (Address of principal executive offices)              (Zip Code)



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

                                       N/A
          (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ]  Written communications pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
     (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))



Item 8.01         Other Events

On April 22, 2005, Four Oaks Fincorp, Inc. (OTC BB: FOFN) issued a press
release announcing a cash dividend of $0.09 per share payable on or after June
7, 2005, to shareholders of record on May 31, 2005. The full text of the press
release is set forth in Exhibit 99.1 hereto and is incorporated herein by
reference.


Item 9.01         Financial Statements and Exhibits.

(c)      Exhibits.


Exhibit No.          Description
- -----------          -----------

99.1                 Press Release issued on April 22, 2005







                                    SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                      FOUR OAKS FINCORP, INC.


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



Date:  April 22, 2005


                                  EXHIBIT INDEX
                                  -------------

Exhibit No.          Description
- -----------          -----------

99.1                 Press Release issued on April 22, 2005

EX-99.1

                                                                    Exhibit 99.1

Four Oaks Fincorp, Inc. Declares 2005 Second Quarter Dividend

    FOUR OAKS, N.C.--(BUSINESS WIRE)--April 22, 2005--Four Oaks
Fincorp, Inc.(OTCBB: FOFN), holding company for Four Oaks Bank & Trust
Company, today announced that the Board of Directors declared a cash
dividend of 9 cents per share payable on or after June 7, 2005, to
shareholders of record on May 31, 2005. This dividend is 12.5% higher
than the second quarter 2004 dividend as adjusted to retroactively
reflect the five-for-four split paid on October 29, 2004.

    CONTACT: Four Oaks Fincorp, Inc.
             Ayden R. Lee, Jr., President and Chief Executive Officer
             Nancy S. Wise, Executive Vice President and Chief Financial Officer
             (919) 963-2177