Exhibit 99



                                F & M BANK CORP.
                                 Timberville, VA

FOR IMMEDIATE RELEASE                                  Contact: Julian D. Fisher
April 13, 1998                                                    (540) 896-8941

                    F & M Bank Corp. Announces Cash Dividend

         TIMBERVILLE, VA - F & M Bank Corp. (OTCBB: FMBM) has announced that the
Company's  Board of Directors has declared a 90-cent per share dividend  payable
on May 5, 1998 to shareholders of record as of April 24, 1998.
         This  special  dividend  was  declared  in  celebration  of their  90th
anniversary. The announcement was made at their annual meeting Saturday night at
McGaheysville.  The  special  dividend  will be mailed  along  with the  regular
quarterly dividend of 29 cents per share on May 5, 1998.
         F & M Bank Corp., headquartered in Timberville, Virginia is the holding
company for  Farmers & Merchants  Bank.  Farmers & Merchants  Bank,  which began
operations  in 1908,  has five  offices in  Timberville,  Elkton,  Broadway  and
Bridgewater Virginia.