EXHIBIT 21
SUBSIDIARIES OF REGISTRANT.
The subsidiaries of the Company as of December 31, 1997, and the state in which
each was organized are as scheduled below:
State or
Jurisdiction
Under Laws of Name Under Which
Name of Subsidiaries Which Organized Subsidiaries Do Business
- -------------------- --------------- ------------------------
F&M Bank-Winchester Virginia F&M Bank-Winchester
Big Apple Mortgage Big Apple Mortgage
Company, Inc.(1) Virginia Company
Winchester Credit Winchester Credit
Corporation(1) Virginia Corporation
Credit Bureau of Credit Bureau of
Winchester, Inc.(1) Virginia Winchester
Apple Title Company(1) Virginia Apple Title Company
F&M/Shomo & Lineweaver F&M/Shomo & Lineweaver
Insurance, Inc. Virginia Insurance
F&M Financial Services, Inc. Virginia F&M Financial Services
F&M Bank-Central Virginia Virginia F&M Bank-Central Virginia
F&M Bank-Massanutten Virginia F&M Bank-Massanutten
F&M Bank-Richmond Virginia F&M Bank-Richmond
F&M Bank-Martinsburg, Inc. West Virginia F&M Bank-Martinsburg
F&M Bank-Blakeley, Inc. West Virginia F&M Bank-Blakeley
F&M Bank-Keyser, Inc. West Virginia F&M Bank-Keyser
F&M Bank-Emporia Virginia F&M Bank-Emporia
F&M Bank-Peoples Virginia F&M Bank-Peoples
F&M Bank-Northern Virginia Virginia F&M Bank-Northern Virginia
F&M Bank-Allegiance, Inc. Maryland F&M Bank-Allegiance
(1) Winchester Credit Corporation, Big Apple Mortgage Co., Inc., Apple Title
Company, F&M/Shomo & Lineweaver Insurance, Inc., and F&M Financial Services,
Inc., are wholly-owned subsidiaries of F&M Bank-Winchester. Credit Bureau of
Winchester is a wholly-owned subsidiary of Winchester Credit Corporation. All
other bank subsidiaries are wholly-owned by F&M National.