Four Oaks Bank & Trust.

PositionFOUR OAKS

FOUR OAKS -- Four Oaks Bank & Trust and its holding company, Four Oaks Fincorp, will pay $1.2 million to settle a federal case regarding its involvement in the ZeekRewards.com pyramid scheme. The lawsuit alleges the bank profited from contracts with third-party payment processors including Rex Venture Group, the...

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