F&M Bancorp announces quarterly cash dividendThe board of...

Business Notes

December 20, 1998

F&M Bancorp announces quarterly cash dividend

The board of directors of F & M Bancorp has declared a quarterly cash dividend of 27 cents per share, payable Feb. 1 to shareholders of record Jan. 7.

The dividend is an 8 percent increase over the quarterly payment that had been in effect since January 1998. The company paid a 5 percent stock dividend in July.

F & M Bancorp's new annualized dividend yield is 3.42 percent, based on the closing price of $31.625 as of Dec. 14.

Total assets for F & M Bancorp and Monocacy Bancshares totaled $1.41 billion as of Sept. 30. Total deposits were $1.086 billion.

F & M Bancorp is the parent company of Farmers & Mechanics Bank and Taneytown Bank & Trust Co.

Joy Jarboe joins local office of O'Conor, Piper & Flynn

Joy Jarboe has joined the Eldersburg office of O'Conor, Piper & Flynn ERA Realtors as an agent.

Newly licensed, she completed the agency's Fast Start Program, which provides education and mentoring for agents as they begin their careers.

Joy Jarboe Jarboe has been a small-business owner for four years and has a bachelor's degree in psychology.

Ric and Lori Robbins, new licensees, have joined the agency's Hampstead office. They are members of the National Association of Realtors, Maryland Association of Realtors and Carroll County Association of Realtors.

Union National Bancorp announces dividend

The board of directors of Union National Bancorp Inc. has declared a quarterly cash dividend of 11 cents per share, payable Dec. 31 to shareholders of record Thursday

The bank had assets of $279,220,789 as of Sept. 30, an 11.5 percent increase over the same period in 1997.

Third-quarter earnings of $633,073 brought year-to-date earnings to $1,953,000, an increase of 8.75 percent over last year.

Bank has 2nd location of its 'Branch 2000'

With the expansion of its Englar Road office, Carroll County Bank & Trust Co. has increased its "Branch 2000" locations to two.

The Eldersburg branch was the first "Branch 2000," started in 1996 to provide customers with innovative ways to manage their financial matters.

New features include a full range of financial services, including mortgages, trusts and investment planning; a customer-service counter for noncash transactions; a commercial-service center that allows businesses to drop off deposits when the bank is closed; and 24-hour automated teller machines that cash payroll checks in the exact amount.

The Englar Road branch has an express drive-through lane for one transaction. Lobby hours from 9 a.m. to 7 p.m. weekdays and 9 a.m. to 1 p.m. Saturdays.

Pub Date: 12/20/98

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