Meeting on small farms will be held next monthThe Maryland...

Business Digest

September 20, 1999

Meeting on small farms will be held next month

The Maryland Cooperative Extension of the University of Maryland and Harford Community College will present the first Mid-Atlantic Small Farm Conference on Oct. 1 and 2.

The first day's sessions will be held at the Aberdeen Holiday Inn; the second day's program at Harford Community College's Higher Education Advanced Technology Center.

John E. Ikerd, extension professor of agricultural economics at the University of Missouri-Columbia and an advocate of small-scale agriculture, will speak on Oct. 1.

A tour of three small farms is planned.

Sessions on tree fruit and small fruit, pasture management, direct marketing, integrated pest management, organic production, alternative marketing, intensive vegetable production, soil health and other topics will be offered on Oct. 2.

The cost, which includes materials and most meals, is $45 for individuals, $75 per couple.

Registration is due Saturday.

Information: 410-638-3255.

F&M Bancorp to acquire Patapsco Valley Bancshares

F&M Bancorp, headquartered in Frederick, and Patapsco Valley Bancshares Inc., headquartered in Ellicott City, have signed an agreement for F&M Bancorp to acquire Patapsco Valley Bancshares Inc.

The merger agreement provides for a fixed exchange ratio of 1.18 shares of F&M Bancorp's common stock for each share of Patapsco's common stock.

F&M Bankcorp expects to reduce the operating expenses of the combined company and increase revenues through sales in the attractive Howard County market. The transaction is valued at approximately $47 million.

Upon completion of the merger, which is subject to the approval of Patapsco's shareholders and regulatory authorities, Patapsco's subsidiary, Commercial & Farmers Bank (CFBank) will be merged into F&M Bankcorp's commercial banking subsidiary, Farmers & Mechanics National Bank.

All branch locations are expected to remain open.

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