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Four Oaks Fincorp adds chief information officer to complete management team transition

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Four Oaks Fincorp adds chief information officer to complete management team transition

Chief Information Officer Larry DesPrés is the latest additionto Four Oaks Fincorp Inc.'ssenior management team.

The Four Oaks, N.C.-based company announced the appointment inits first-quarter earnings release, in which it reported net income of $831,000,or 3 cents per share, compared to $978,000, or 3 cents per share, in the year-agoquarter.

DesPrés joins the company from Atlanta-based , where heserved as senior vice president and IT director. Community & Southern Holdings Inc. is scheduled to beacquired by

With the hire, Four Oaks CEO David Rupp, who took the helm inJune of last year, said the company has "finished the management team transitionat the [b]ank."

Four Oaks named Deanna Hart CFO in September of last year, and in recent months has appointedLisa Herring as COO andannounced the departureof its chief administrative officer and the resignationof Chairman Ayden Lee Jr. from his executive role at the company.