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
Date of Report (Date of earliest event reported): September 2, 1998
FCNB CORP
(Exact name of registrant as specified in its charter)
MARYLAND 52-1479635
(State or other jurisdiction (I.R.S. Employer Identification No.)
of incorporation or organization)
7200 FCNB COURT, FREDERICK, MARYLAND 21703
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (301)662-2191
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Item 5. Other Events.
On September 2, 1998 FCNB Corp (the "Company") announced that it has signed
a definitive agreement to acquire Frederick Underwriters, Inc. headquartered in
Frederick, Maryland and its affiliated agencies - Phillips Insurance Agency,
Inc. and Carroll County Insurance Agency, Inc. The Company will exchange
approximately 413,000 shares of its common stock for shares of the agencies in a
tax-free transaction, which is anticipated to be accounted for as a pooling of
interest. With 1997 revenues approaching $6 million, Frederick Underwriters,
Inc. is one of the largest independent insurance agencies in the state of
Maryland. The transaction is subject to shareholder and regulatory approvals and
is expected to close in the fourth quarter of 1998.
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Signatures
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.
FCNB CORP
By: /s/ A. Patrick Linton
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A. Patrick Linton, President
Dated: September 2, 1998
