Filed by F&M Bancorp Pursuant to Rule 425
Under the Securities Act of 1933
And Deemed Filed Pursuant to Rule 14a-12
Under the Securities Exchange Act of 1934
Subject Company:  F&M Bancorp
Commission File No.: 000-12638
Date: March 13, 2003

               This filing relates to a proposed merger (the “Merger”) between Mercantile Bankshares Corporation (“Mercantile”) and F&M Bancorp (“F&M”) pursuant to the terms of an Agreement and Plan of Merger dated as of March 13, 2003 by and between Mercantile and F&M.

              The following are written materials used in a presentation held on March 13, 2002 for analysts  and investors regarding the Merger.