EXHIBIT 23.4



                          CONSENT OF INVESTMENT BANKERS



         We consent to the use, quotation and summarization in the Registration
Statement on Form S-4 of our fairness opinion dated August ___, 1996,
rendered to the Board of Directors of Allegiance Banc Corporation in connection
with the merger of Allegiance Banc Corporation with and into F&M National
Corporation and to the use of our name, and the statements with respect to us,
appearing in the Registration Statement.



                                            SCOTT & STRINGFELLOW, INC.



Richmond, Virginia
August 7, 1996