IN BRIEF: FCNB of Md. OpensMortgage Subsidiary

FCNB Bank has formed FCNB Mortgage Co., a wholly owned subsidiary that will handle its mortgage operations and incorporate the newly acquired assets of Genesis Mortgage Co.

Terms were not disclosed.

Genesis' president, Michael E. Callahan, will be president of FCNB Mortgage.

"Our goal was to build rather than buy a mortgage operation," said Mark A. Severson, chief financial officer of FCNB.

FCNB is buying Capital Bank, Rockville, Md. FCNB would then have assets of $1.2 billion and 32 branches in Virginia, Washington, and Maryland.

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