FCNB Bank, Frederick, Md., has a deal to buy Genesis Mortgage Co. of Owings Mills, Md.

Terms of the deal, which FCNB hopes to close by the end of the summer, were not disclosed.

The bank would merge its existing mortgage operations into Genesis, which would be renamed FCNB Mortgage Co. The new company would be based in Frederick but continue to operate Genesis' Owings Mills and Lancaster, Pa., offices.

Michael E. Callahan, president of Genesis, would head FCNB Mortgage.

FCNB, which has $1 billion of assets, is also buying Capital Bank, Rockville, Md. That deal is scheduled to close during the fourth quarter.

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