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