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): October 19, 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 October 19, 2005, Four Oaks Fincorp, Inc. (OTC BB: FOFN) issued a press
release announcing a cash dividend of $0.08 per share payable on or after
December 8, 2005, to shareholders of record on November 30, 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 October 19, 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:  October 19, 2005





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


         Exhibit No.       Description
         -----------       -----------
         99.1              Press Release issued on October 19, 2005

EX-99.1

                                                                    Exhibit 99.1

          Four Oaks Fincorp, Inc. Declares 2005 Fourth Quarter Dividend


     FOUR OAKS, N.C.--(BUSINESS WIRE)--Oct. 19, 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 8 cents per
share payable on or after December 8, 2005, to shareholders of record on
November 30, 2005. This dividend is 25% higher than the fourth quarter 2004
dividend as adjusted to retroactively reflect the five-for-four split to be paid
on November 25, 2005. President and Chief Executive Officer, Ayden R. Lee, Jr.
stated, "We are increasing our dividend in the fourth quarter of 2005 instead of
waiting until the first quarter of 2006 in order to reward the shareholders for
the excellent performance of the Company during 2005."


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