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F&M NATIONAL CORPORATION REPORTS INCREASED EARNINGS FOR 1991

 F&M NATIONAL CORPORATION REPORTS INCREASED EARNINGS FOR 1991
 WINCHESTER, Va., Jan. 17 /PRNewswire/ -- 1991 net income for F&M National Corporation (NASDAQ-NMS: FMNT) was $10.52 million, or $1.11 per share, compared to $10.32 million, or $1.10 per share for 1990.
 Fourth quarter net income was $2.87 million, or 30 cents per share, compared to $2.65 million, or 28 cents per share, for the fourth quarter of 1990.
 Return on assets was 1.19 percent and return on equity was 13.27 percent for 1991.
 Total assets as of Dec. 31 were $927.47 million, up from $853.53 million a year earlier. Over the past 12 months deposits rose from $756.49 million to $821.86 million. Net loans decreased to $536.47 million from $540.04 million for the same period.
 The corporation's affiliates are: F&M Bank-Winchester, Winchester; F&M Bank-Central Virginia, Charlottesville, Va.; F&M Bank-Massanutten, Harrisonburg, Va.; F&M Bank-Broadway, Broadway, Va.; F&M Bank-Richmond, Richmond, Va.; F&M Bank-Blakeley, Ranson, W.Va.; and F&M Bank-Martinsburg, Martinsburg, W.Va.
 -0- 1/17/92
 /CONTACT: Miles R. Orndorff Jr., public relations director, F&M National Corporation, 703-665-4200/
 (FMNT) CO: F&M National Corporation ST: Virginia, West Virginia IN: FIN SU: ERN


MH-DC -- DC008 -- 0925 01/17/92 10:42 EST
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Publication:PR Newswire
Date:Jan 17, 1992
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