Four Oaks Bank will celebrate its 100th birthday with a traveling exhibit that highlights the financial institution’s long history.
The exhibit will be displayed at the Rockingham branch from Sept. 24 until Oct. 12. It will feature artifacts, photos, documents and articles highlighting the bank’s early years. The display will be exhibited at each of the bank’s offices during 2012.
“We are very excited to reach this major threshold of one century,” Ayden R. Lee, Jr., bank CEO, said in a statement. “Where we are going as a bank, especially as we step into our second century, will be greatly impacted by where we have been.”
Four Oaks Bank opened its doors as The Bank of Four Oaks in Johnston County in 1912. The bank remained within Johnston County until 2000, when it opened the first Wake County branch in Fuquay-Varina. There are now 16 locations serving communities in Richmond, Johnston, Wake, Harnett, Moore, Duplin and Sampson counties.
The bank employs about 200 people and, as of March 31, 2012, holds deposits of $760 million and assets of $933 million. For three consecutive years, 2007, 2008 and 2009, Four Oaks Bank was listed by USBanker magazine as one the top 200 community banks in the country, based on a three-year average return on equity.
“This bank has a rich heritage of relationship-based banking that has withstood the tests of time and the many challenges of the past 100 years, including the great depression of the 1930s,” lee said. “This day and time there are few businesses and probably very few banks that can look back on one hundred years of service.”
The Rockingham branch opened in 2008 and employs seven people.
“Our slogan is ‘people helping people achieve their financial goals through community banking,’ and we are still a very community-oriented bank,”said Chip Cloninger, assistant vice president of the Rockingham office.
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