SECURITIES AND EXCHANGE COMMISSION
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Washington, DC 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934
Date of Report April 27, 1999
FMS FINANCIAL CORPORATION
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(Exact name of registrant as specified in its charter)
Commission file number 0-17353
New Jersey 22-2916440
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(State or other jurisdiction of (IRS Employer
incorporation ) Identification
No.)
3 Sunset Road, Burlington, New Jersey 08016
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (609)
386-2400
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Item 5. Other Events
FMS FINANCIAL REPORT STOCK REPURCHASE PLAN
FMS Financial Corporation, (NASDAQ Symbol: ``FMCO'') has
announced its intent to repurchase up to 5% of its
outstanding shares of common stock in the open market at
prevailing market prices from time to time depending on
market conditions. The Company has 7,231,767 shares
outstanding. Craig W. Yates, President of the Company,
indicated that the Board of Directors approved the
repurchase program in view of recent lower price levels of
the Company's common stock. Mr. Yates stated, ``We believe
that the repurchase of our shares represents an attractive
investment opportunity which will benefit the Company and
our stockholders.''
FMS Financial Corporation is the holding company for Farmers
& Mechanics Bank, which operates twenty-five banking offices
in Burlington County, New Jersey.
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.
FMS Financial Corporation
(Registrant)
/s/ Craig W. Yates
Date: April 28, 1999
Signature
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