Written Agreement by and between FOUR OAKS BANK & TRUST COMPANY Four Oaks, North Carolina and FEDERAL RESERVE BANK OF RICHMOND Richmond, Virginia Docket No. 14-030-WA/RB-SMFour Oaks Fincorp Inc • August 4th, 2015 • State commercial banks
WHEREAS, in recognition of their common goal to maintain the financial soundness of Four Oaks Bank & Trust Company, Four Oaks, North Carolina (the “Bank”), a state-chartered bank that is a member of the Federal Reserve System, the Bank and the Federal Reserve Bank of Richmond (the “Reserve Bank”) have mutually agreed to enter into this Written Agreement (the “Agreement”); and
