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): July 20, 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 July 20, 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 September 7,
2005, to shareholders of record on August 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 July 20, 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:  July 20, 2005




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


             Exhibit No.         Description
             -----------         -----------
             99.1                Press Release issued on July 20, 2005