F&M Bancorp Announces New Share Repurchase

Apr 17, 2001, 01:00 ET from F&M Bancorp

    FREDERICK, Md., April 17 /PRNewswire/ -- Faye E. Cannon, President and
 Chief Executive Officer of F&M Bancorp (Nasdaq:   FMBN), announced today that
 the Board of Directors has authorized the Corporation to acquire up to 500,000
 shares of its Common Stock.  The shares would be acquired from time to time in
 open market transactions, in block purchases or otherwise.  The shares would
 be used to fund various employee stock plans and benefits and other
 appropriate corporate purposes.  Ms. Cannon stated the Board's belief that the
 share repurchase program is in the best interest of the Bancorp and its
 shareholders.
 
     F&M Bancorp offers a full line of financial services including retail and
 commercial banking, a wide range of consumer and business insurance products,
 trust and estate planning, financial planning and investment management
 services through its subsidiaries.  F&M Bancorp through its subsidiaries
 Farmers & Mechanics National Bank and Home Federal Savings Bank, includes 54
 community offices, a proprietary network of 80 ATMs and a full service mobile
 Express Bank operating in eight contiguous counties in Maryland including
 Frederick, Howard, Baltimore, Carroll, Montgomery, Washington and Allegany,
 and Adams County, PA.  The Bancorp's Hagerstown, MD-based subsidiary, Keller-
 Stonebraker Insurance, Inc. and the Greenbelt, MD-based subsidiary Potomac
 Basin Group Associates, Inc., provide a full line of consumer and commercial
 business insurance products, and residential mortgage services through Classic
 Mortgage.
 
 

SOURCE F&M Bancorp
    FREDERICK, Md., April 17 /PRNewswire/ -- Faye E. Cannon, President and
 Chief Executive Officer of F&M Bancorp (Nasdaq:   FMBN), announced today that
 the Board of Directors has authorized the Corporation to acquire up to 500,000
 shares of its Common Stock.  The shares would be acquired from time to time in
 open market transactions, in block purchases or otherwise.  The shares would
 be used to fund various employee stock plans and benefits and other
 appropriate corporate purposes.  Ms. Cannon stated the Board's belief that the
 share repurchase program is in the best interest of the Bancorp and its
 shareholders.
 
     F&M Bancorp offers a full line of financial services including retail and
 commercial banking, a wide range of consumer and business insurance products,
 trust and estate planning, financial planning and investment management
 services through its subsidiaries.  F&M Bancorp through its subsidiaries
 Farmers & Mechanics National Bank and Home Federal Savings Bank, includes 54
 community offices, a proprietary network of 80 ATMs and a full service mobile
 Express Bank operating in eight contiguous counties in Maryland including
 Frederick, Howard, Baltimore, Carroll, Montgomery, Washington and Allegany,
 and Adams County, PA.  The Bancorp's Hagerstown, MD-based subsidiary, Keller-
 Stonebraker Insurance, Inc. and the Greenbelt, MD-based subsidiary Potomac
 Basin Group Associates, Inc., provide a full line of consumer and commercial
 business insurance products, and residential mortgage services through Classic
 Mortgage.
 
 SOURCE  F&M Bancorp