Town of Four Oaks Board of Commissioners Meeting Minutes January 2026
Four Oaks Approves Incentive Agreement for KS Bank Relocation
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Description
The Town of Four Oaks Board of Commissioners approved an economic development incentive agreement with KS Bank, granting 50% of ad valorem taxes paid for two years contingent on the bank relocating its operations center to town. The grant is anticipated for 2028 and 2029 to support new jobs and economic investment.
Contract Details
Contract Amount
50% of the ad valorem taxes paid for two years (projected grant for 2028 and 2029)
Vendor
KS BANK
Agency
Town of Four Oaks, NC
Contract Type
FINANCIAL_SERVICES
Document Date
January 20, 2026
Contract Term
2 years (projected for 2028 and 2029)
Renewal Date
2029-12-31
Renewal Info
Grant term is for two years, no renewable terms specified.
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