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News in Frederick, Maryland

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

News

Location

Frederick, Maryland, United States of America

Date

Oct 13, 1993

Page

10

Janet's Florist Opens in Frederick at 40 West Center

Janet's Florist launches a family run shop in Frederick offering full floral services, balloons, fresh dried and silk arrangements, custom pieces, and soon greeting cards. Owner Janet Naull with 15 years in floristry runs the center of operations with family help. The shop serves 25 miles, delivers to funeral homes and hospitals, and operates 9 to 5 weekdays and 9 to 4 Saturdays.

Ed Waters Jr Janet W. Patrick St 40 West Center Frederick Ronda Winn Becky King Janet Naill Bunny Collis Nall Mrs Naill Robert Sandower Center

F&M Bancorp Reports Higher Q3 Earnings

F&M Bancorp the Frederick based parent of Farmers and Mechanics National Bank posted net income of 1.961 million for the third quarter of 1993 up from 1.945 million a year earlier Earnings per share rose to 53 cents from 52 cents while year to date earnings reached 5.806 million versus 5.274 million a year earlier Asset growth remained strong total assets stood at 606.994 million as of Sept 30 up 32.786 million. The firm credited stable rates and a healthier local economy for the gain and noted a restructured delivery system would improve service. The board declares a 20 cent quarterly dividend payable Nov 1 to holders of record Oct 22.

F&m Bancorp Farmers and Mechanics National Bank Frederick

T Bills Rise as Auctions Yield Higher Rates

The Treasury sold 129 billion dollars of three month bills at an average discount rate of 3.04 percent, up from 2.96, while six month bills drew 128 billion at 3.12 percent, up from 3.08. The three month rate marks the highest since 3.05 percent on August 9.

Washington Treasury Treasury Department

Fannie Mae Profits Rise On Strong Mortgage Volume

Fannie Mae reports a 16 percent rise in third quarter profits to 477.2 million, with earnings per share at 1.74, driven by higher interest income and record mortgage portfolio growth. Nine month net income reached 1.38 billion or 5.02 per share, as portfolio purchases and mortgage backed securities boosted total revenues to 83 billion.

Washington (Ap Fannie Mae James Johnson Federal National Mortgage Association

Bell Atlantic and TCI agree to multibillion merger deal

Bell Atlantic Corp and Tele Communications Inc announce a stock swap merger valued by reports up to 33 billion dollars, creating a company with about 60 billion in assets. The pact aims to fuse voice, video, and data into the home, reshaping communications and aiding QVC in its Paramount bid while regulatory and legal moves unfold.

New York Bell Atlantic Corp Tele Communications Inc QVC Network Inc Paramount Communications Inc TCT QVC Viacom Inc Raymond W Smith Charman Bell Atlantic Smith John Malone TCI General Motors Exxon Ford IBM General Electric New York Times Bell RJR Nabisco Inc Med Wat Alle Virginia Clinton Stalf Justice Department Federal Communications Commission Philadelphia American Telephone & Telegraph Co Mid Atlantic Washington Liberty Media Corp

Also Mentioned on This Page

F&m Charles W Hoff III Faye E Cannon Fammne Vae Home Equity Ip Rae Dik Trix Rey Bot i Poayk Tyr Rele Roel Plu Fae Papar Ab Equarens Vcais Fredeneck Patrick Si Credit Department Citizens Savings Bank FD GE Archives Bethesda Chevy Chase Lot Damascis Frawer Hill Trederiek Gatrhersburg Kensit Gron Olney Potomac Quince Orchard Rockville Silver Spring Wheaton Glenmont White Oak Forana Tcl Rt Sae Fredench Mews Fcnb Bank First National Bank First Bank of Frederick Monocacy Fed Credit Union First Bank of Frederick Frederick Shopping Center 7Th St Patrick Center Patrick St Rove Hill Plaza Opossumtown First Bank of Fredenck FDIC Grove Hill Rd Frederck Shopping Center
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