F&M Bancorp said Friday it would buy Monocacy Bancshares, Taneytown, Md., for $82 million in stock.

The deal for the $294 million-asset parent of Taneytown Bank and Trust Co. is expected to close by early next year.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.