| Business Summary | | F&M
Bancorp,
a
bank
holding
company,
derives
substantially
all
of
its
income
from
operation
of
its
principal
and
wholly
owned
subsidiaries,
Farmers
&
Mechanics
National
Bank
and
Home
Federal
Savings
Bank.
The
Company,
through
its
wholly
owned
subsidiaries,
provides
banking
and
bank-related
financial
services
to
middle
market
and
small
business
organizations,
local
governmental
units
and
retail
customers
in
central
Maryland
and
surrounding
areas.
Bancorp,
through
its
subsidiaries,
also
provides
broad-based
commercial
and
retail
banking
services;
brokerage;
personal
trust,
investment
management
and
financial
planning
services;
and
a
wide
variety
of
related
financial
products
and
services
to
individuals,
businesses
and
governmental
units.
In
addition,
the
Company
provides
a
full
line
of
consumer
and
commercial
business
insurance
products
through
offices
in
Beltsville,
Ellicott
City,
Hagerstown
and
Cumberland,
Maryland,
and
Keyser,
West
Virginia. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | F&M
Bancorp
is
a
bank
holding
company
for
Farmers
and
Mechanics
National
Bank
and
Home
Federal
Savings
Bank,
with
54
offices
in
MD,
PA
and
WV.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
2%
to
$62.6
million.
Net
interest
income
after
loan
loss
provision
fell
2%
to
$30.8
million.
Net
income
rose
6%
to
$10.2
million.
Results
reflect
increased
interest
paid
on
deposits
and
a
higher
provision
for
loan
losses,
offset
by
increased
insurance
income. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| R. Carl Benna, 53 Chairman | -- | -- | Faye Cannon, 51 Pres,
CEO, Director | $366K | $6.9K | John Joback Sr.
VP and CIO of Farmers & Mechanics Bank | -- | -- | David Stauffer, 53 VP | 265K | 11.2K | Kaye Simmons, 45 Treasurer
of the Company; Exec. VP and CFO of the Bank | 147K | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|