North Carolina

Four Oaks Fincorp in Four Oaks, N.C., has appointed Lisa Herring chief operating officer of the company and Four Oaks Bank & Trust.

Heritage Bankshares in Norfolk, Va., has exited the Small Business Lending Fund, ahead of its proposed deal to be acquired by Southern BancShares in Mount Olive, N.C.

Capital Bank CEO Eugene Taylor took a three-year break from acquisitions until agreeing to buy CommunityOne earlier this year. Taylor hopes the deal provides evidence that his team is a buyer – not a seller – in the year ahead.

First Bancorp in Southern Pines, N.C., has agreed to buy Bankingpoint, an insurance agency in Sanford, N.C.

Live Oak Bancshares in Wilmington, N.C., has exited the Small Business Lending Fund.

Premara Financial in Charlotte, N.C., has raised $8.5 million in a stock offering and plans to exit the Small Business Lending Fund program.

Entegra Financial in Franklin, N.C., has agreed to buy Oldtown Bank in Waynesville, N.C.

Capital Bank Financial in Coral Gables, Fla., has agreed to buy CommunityOne Bancorp in Charlotte, N.C.

First South Bancorp in Washington, N.C., will close three branches as part of a larger branch-restructuring plan.

Entegra Financial in Franklin, N.C., has adopted a plan to preserve the value of about $12.2 million deferred tax assets.