Item 5. Other Events
On November 20, 1998, Monocacy Bancshares, Inc. (the
"Corporation") and F&M Bancorp announced in a joint press release that they plan
to complete the merger of the corporation with and into F&M Bancorp on November
30, 1998. A copy of the press release dated November 20, 1998 is included as
Exhibit 99 to this Current Report on Form 8-K.
Item 7. Financial Statements and Exhibits
Exhibit No. Description
99 Joint Press Release of Monocacy Bancshares,
Inc. and F&M Bancorp.
<PAGE>
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.
MONOCACY BANCSHARES, INC.
/s/ Brian M. Etzler
______________________
Brian M. Etzler
Secretary
November 20, 1998
MONOCACY BANCSHARES, INC.
SETS CLOSING DATE
Taneytown, MD, November 20, 1998 - Monocacy Bancshares, Inc. (NASDAQ:MNOC),
headquartered in Taneytown, MD and F&M Bancorp (NASDAQ:FMBN), headquartered in
Frederick, MD, announced that they intend to complete their planned merger on
November 30, 1998, assuming approval of the merger by the stockholders of both
companies at their respective meetings on Tuesday, November 24, 1998. Assuming a
November 30 closing date, the pricing period for determination of the exchange
ratio pursuant to the merger agreement would end at the close of business today,
November 20, 1998. As previously reported, Monocacy and F&M Bancorp have
received all required regulatory approvals for the transaction.
