Exhibit 99.1

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

    FOUR OAKS, N.C.--(BUSINESS WIRE)--Oct. 19, 2005--Four Oaks
Fincorp, Inc.(OTCBB: FOFN).... At the regularly scheduled meeting on
October 17, 2005, the Board of Directors of Four Oaks Fincorp, Inc.
approved a five-for-four split of the Corporation's common stock,
which will be made in the form of 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 3.5 million shares of common
stock outstanding. Following the split, Four Oaks Fincorp, Inc. will
have approximately 4.4 million shares of common stock outstanding. The
split is payable November 25, 2005 to shareholders of record on
November 9, 2005.
    Four Oaks Fincorp, Inc. is a bank holding company for Four Oaks
Bank & Trust Company which operates eleven banking offices in Four
Oaks, Clayton, Smithfield, Garner, Benson, Fuquay-Varina, Wallace,
Holly Springs, and Harrells, North Carolina and one loan production
office located in Sanford, 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., 919-963-2177
             President and Chief Executive Officer
             Nancy S. Wise, 919-963-2177
             Senior Vice President and Chief Financial Officer