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): December 31, 2014



FOUR OAKS FINCORP, INC.
(Exact name of registrant as specified in its charter)

(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))

On December 31, 2014, Percy Y. Lee resigned as a member of the Board of Directors (the “Board”) of Four Oaks Fincorp, Inc. (the “Company”).  Mr. Lee’s resignation was in accordance with the Company’s Director Agreement, which imposes a mandatory director resignation by December 31, 2014 for each director who was appointed prior to November 15, 2004 and was also above the age of 60 as of such date.

Also on December 31, 2014, William J. Edwards resigned as a member of the Board.  Mr. Edwards’s resignation was also in accordance with the Company’s Director Agreement, which imposes a mandatory director resignation by year end of the year in which such director reaches age 70.

SIGNATURES

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.