Town of Four Oaks Board of Commissioners Meeting Minutes January 2026
Four Oaks Approves Economic Incentive Grant for KS Bank
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Description
The Town of Four Oaks Board of Commissioners approved an economic development incentive agreement for KS Bank, granting them 50% of their ad valorem taxes paid for two years. The grant is contingent on KS Bank acquiring property in the business park and building an operations center, projected to bring $4 million in economic improvements and 32 jobs to the town.
Contract Details
Contract Amount
50% of ad valorem taxes paid for two years (projected for 2028 and 2029)
Vendor
KS BANK
Agency
Town of Four Oaks, NC
Contract Type
FINANCIAL_SERVICES
Document Date
January 20, 2026
Contract Term
2028–2029 (when building/operations commence)
Renewal Date
2029-12-31
Renewal Info
One-time two-year incentive, not a recurring/renewable grant.
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