F&M National Corp. of Winchester, Va., announced plans last week to consolidate its West Virginia franchises.

F&M will merge its banks in Ranson, Martinsburg, and Keyser into a single bank based in Ranson. The combined operations would have about $300 million of assets.

The $2.5 billion-asset holding company said it expects to save money by combining back-office data processing and bookkeeping.

F&M operates seven banks in Virginia and one in Maryland.

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