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Home > Company Index > Banking > Banking - Mid-Atlantic > F&M National Corporation

F&M National Corporation
NYSE: FMN
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 NEWS FROM THE WIRES
BB&T quarterly profits rise 16 percent
Jul 12 2001 04:50 AM PDT

More WIRE STORIES about this company

 PROFILE
F&M National owns nearly 20 banks operating more than 140 bank branches and some 20 mortgage, trust services, and insurance offices in Virginia, West Virginia, and Maryland. Targeting individuals and businesses, the banks offer such standard retail services as checking and savings accounts, money market accounts, and CDs; insurance, securities, and annuities are also available. Lending activities consist mostly of residential and commercial mortgages, which each account for almost 30% of the loan portfolio, as well as consumer and commercial loans. Subsidiary F&M Trust provides trust services; other subsidiaries of the banks offer mortgage processing and credit counseling. BB&T plans to acquire F&M National.

 COMPETITION
BB&T Corporation (BBT)
First Union Corporation (FTU)
First Virginia Banks, Inc. (FVB)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 293.70
1-Yr. Sales Growth: 16.6%
Employees: 1,830
Revenue per employee: $160,491.80

 KEY PEOPLE
• Alfred B. Whitt
    CEO
• Alfred B. Whitt
    CFO

 CONTACT INFO
9 Court Sq.
Winchester, VA 22601
US
Phone: 540-665-4200
Fax: 540-665-4227
Online: Web Site

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