Colli Real Estate

Four Oaks Fincorp, Inc. Announces Fourth Quarter 2009 Four Oaks, NC —- Four Oaks Fincorp, Inc., holding company for Four Oaks Bank & Trust Company, announced today a net loss for the year ended December 31, 2009. The total loss of 2.1 million and consists of 2.0 million net loss worth of transactions, revenue of $ 6.0 million related to the acquisition of our bank, and an impairment charge of $ 6.1 million to cancel the Goodwill …
David Castillo on CNBC’s Closing Bell 6 10 09

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