Business briefs

August 17, 2003

The First National Bank of Greencastle

GREENCASTLE, Pa. - For the second straight year, The First National Bank of Greencastle finished on top in the Hagerstown Suns' Bank Challenge.

The Hagerstown Suns, a Class A affiliate of the San Francisco Giants, sponsored the challenge in June and July at Municipal Stadium in Hagerstown. The challenge is a friendly competition between banks in the Washington, Franklin and Fulton county areas.

Each bank was asked to give away discounted tickets to their customers. The tickets were counted after the event and The First National Bank of Greencastle had the most customers attend.

Master Roofers

Master Roofers Inc. has won the 2002-03 Affinity Insurance Ltd. Top 10 Risk Control Score Award.

The award is given annually to the Top 10 members of Affinity Insurance Ltd. who demonstrate excellence and commitment to the prevention and control of workplace safety hazards and exposures. To achieve the award, the members must undergo a risk management audit from independent safety professionals, as well as meet rigorous benchmarks in various statistical analyses.


The company was presented the award at the board of directors meeting of Affinity in Vienna, Austria, in June. Master Roofers, which has an office in Hagerstown, was in the Top 10 out of 130 companies nationwide.

F&M Bancorp

Mercantile Bankshares Corp. and F&M Bancorp have announced that the final Bankshares stock price for purposes of determining the value of the merger consideration to be paid by Bankshares in connection with the proposed merger of F&M Bancorp with Bankshares is $40.3921.

The merger was approved by the stockholders of F&M Bancorp and by federal and state regulatory agencies and became effective Aug. 12.

Based on the final stock price, the per share cash consideration to be paid in the merger is $50.3703. The per share stock consideration to be paid in the merger will be 1.2470 shares of Bankshares common stock.

Loiederman Soltesz Associates

FREDERICK, Md. - Loiederman Soltesz Associates Inc. was honored with an Award of Excellence from the Frederick County Builders Association for "Best Integration of an Historic Structure."

The award was given for the firm's design of the Guilford Office Condominium Project, an adaptive re-use office complex on the grounds of Guilford Manor.

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