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Corporation
reports increase
Net income for the first quarter of 1993 for F & M National Corporation was $4.00 million, or 34 cents i per share, compared to $3.42 million, or 32 cents per share for the first quarter of 1992.
Total assets as of March 31 were $1,127 billion up form $991,926 million as of March 31 of last year. Over the past twelve months deposits rose from $874.82 million to $982.72 million. Loans increased to $629.51 million from $598.84 million over the same period.
F and M National Corporation has eight bank affiliates. The Virginia banks are: F & M Bank-Winchester, F & M Bank-Broadway, F & M Bank-Central Virginia, Charlottesville; F & M Bank-Massanutten, Harrisonbug and F & M BankRichmond. The West Virginia banks are: F & M Bank-Blakeley, Ranson; F & M Bank-Keyser, and F & M Bank-Martinsburg. v
94.3%