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Four Oaks Fincorp in Four Oaks, N.C., will soon have a new chief executive.
June 9 -
Four Oaks Bank in North Carolina has named Warren "Rocky" Herring its chief credit officer. Herring had held the same job at Premier Commercial Bank in Greensboro, N.C., before NewBridge Bancorp bought it last month.
March 18 -
The $820 billion-asset company disclosed in a regulatory filing Clifton Painter retired as its chief operating officer and chief credit officer on Sept. 22. Painter agreed to remain a consultant for the next two years.
September 25
Four Oaks Fincorp in Four Oaks, N.C., has named an acting chief financial officer after longtime CFO Nancy Wise resigned.
The $722 million-asset company said Wise left to spend more time with her family, according to a Tuesday news release. Wise, who was 59 as of Four Oaks' April 30 proxy, had been CFO since 1991 of both the holding company and Four Oaks Bank & Trust.
Four Oaks agreed to pay Wise a severance equal to 16 months of her base salary, plus $10,000, and additional considerations.
"We extend our profound thanks to Nancy for her twenty five years of dedicated service to the bank and wish her well in caring for her family," David Rupp, chief executive, said in the release.
Four Oaks appointed Deanna Hart acting CFO. Hart, 37, has been Four Oaks' controller since January 2014; she joined the company in 2003. The company said it's looking for a permanent replacement for Wise.
Wise's departure is the latest leadership change at Four Oaks. Rupp
