SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of Earliest Event Reported) December 15, 1999
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F&M BANCORP
(Exact Name of Registrant as Specified in Charter)
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MARYLAND 0-12638 52-1316473
(STATE OR OTHER JURISDICTION (COMMISSION FILE NUMBER) (I.R.S. EMPLOYER
OF INCORPORATION) IDENTIFICATION NO.)
110 Thomas Johnson Drive, Frederick, Maryland 21702
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(Address of Principal Executive Offices) (Zip Code)
(Registrant's Telephone Number, Including Area Code) (301) 694-4000
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ITEM 5. OTHER EVENTS
On December 15, 1999, F&M Bancorp, a Maryland corporation
("F&M"), issued a press release announcing the approval of the merger of
Patapsco Valley Bancshares, Inc., a Maryland corporation ("Patapsco
Valley"), with and into F&M by the requisite vote of the stockholders of
Patapsco Valley and the anticipated closing date of December 30, 1999 for
the merger. The merger of F&M and Patapsco Valley remains subject to the
satisfaction of other terms and conditions of the Agreement and Plan of
Merger. Assuming satisfaction all of such terms and conditions, the parties
will complete the merger on December 30, 1999. The press release is
attached hereto as Exhibit 99.1 and is incorporated herein by reference in
its entirety.
ITEM 7. FINANCIAL STATEMENT AND EXHIBITS
(c) Exhibits
99.1 Press Release issued by F&M Bancorp on December 15, 1999.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
F&M BANCORP
By: /s/ Gordon M. Cooley
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Name: Gordon M. Cooley
Title: Secretary and General Counsel
Date: December 15, 1999
EXHIBIT INDEX
Exhibit
Number Description
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99.1 Press Release issued by F&M Bancorp on December 15, 1999.
EXHIBIT 99.1
DECEMBER 15, 1999
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F&M BANCORP SETS CLOSING DATE FOR MERGER
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INVESTOR RELATIONS: Toll-Free: (888) 694-4170
Internet: www.fmbn.com
Frederick, MD, December 15, 1999 - F&M Bancorp (NASDAQ: FMBN),
headquartered in Frederick, MD, and Patapsco Valley Bancshares, Inc.,
headquartered in Ellicott City, MD, today announced that the proposed
merger of Patapsco Valley with F&M Bancorp was approved by the requisite
vote of the shareholders of Patapsco Valley at a special meeting held on
December 14, 1999. As previously reported, F&M Bancorp and Patapsco Valley
have received all required regulatory approvals for the transaction. The
companies intend to complete the merger on December 30, 1999, assuming that
all remaining conditions are satisfied.
F&M Bancorp had total assets of $1.483 billion and total deposits of $1.135
billion at September 30, 1999. Its wholly owned subsidiaries, Farmers &
Mechanics National Bank, Frederick, MD, and Home Federal Savings Bank,
Hagerstown, MD, offer a wide variety of traditional and non-traditional
financial services including trust and investment management, financial
planning, brokerage, mortgage banking, consumer and business electronic
banking, and consumer and commercial business insurance products, with 44
full-service community offices and 61 ATMs across central and western
Maryland and south-central Pennsylvania.
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