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

Herring replaced David Rupp, president and chief executive of the $715 million-asset bank, effective Monday. Rupp joined Four Oaks in March 2014 as chief operating officer. He was appointed president in March 2015 and dropped the COO title in June to assume his current role.

Four Oaks had not filled the opening for a chief operating officer until this week, Rupp said in an interview.

Herring will also retain her role as chief risk officer, a position she has held since 2009. She joined the bank in 2002.

Four Oaks also announced the retirement of its executive chairman, Ayden Lee, on Dec. 31. Lee will continue to serve as Four Oaks' chairman, but in a non-executive capacity.

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