SECURITIES AND EXCHANGE COMMISSION
                            ----------------------------------


                                   Washington, DC 20549
                                   ====================


                                      FORM 8-K



                                   CURRENT REPORT

             Pursuant to Section 13 or 15(d) of the Securities Exchange
                                          Act of 1934



            Date of Report April 27, 1999









                              FMS FINANCIAL CORPORATION
                              -------------------------

               (Exact name of registrant as specified in its charter)










                              Commission file number 0-17353


            New Jersey                                        22-2916440
            ----------                                        ----------

            (State or other jurisdiction of                   (IRS Employer
            incorporation )                                   Identification 
                                                              No.)



            3 Sunset Road, Burlington, New Jersey                   08016
            ----------------------------------------                -------

            (Address of principal executive offices)                (Zip Code)

            Registrant's telephone  number, including  area code:  (609)
            386-2400

<PAGE>

            Item 5. Other Events
            FMS FINANCIAL REPORT STOCK REPURCHASE PLAN

            FMS Financial Corporation, (NASDAQ Symbol: ``FMCO'') has
            announced its intent to repurchase up to 5% of its
            outstanding shares of common stock in the open market at
            prevailing market prices from time to time depending on
            market conditions. The Company has 7,231,767 shares
            outstanding. Craig W. Yates, President of the Company,
            indicated that the Board of Directors approved the
            repurchase program in view of recent lower price levels of
            the Company's common stock. Mr. Yates stated, ``We believe
            that the repurchase of our shares represents an attractive
            investment opportunity which will benefit the Company and
            our stockholders.''

            FMS Financial Corporation is the holding company for Farmers
            & Mechanics Bank, which operates twenty-five banking offices
            in Burlington County, New Jersey.




                                     SIGNATURES

            Pursuant to the requirements of the Securities Exchange Act
            of 1934, the registrant has duly caused this report to be
            signed on its behalf by the undersigned hereunto duly
            authorized.

                                               FMS Financial Corporation
                                                         (Registrant)
                                               /s/ Craig W. Yates
            Date: April 28, 1999
                                                         Signature

<PAGE>
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{"company-data": {"conformed-name": "FMS FINANCIAL CORP", "cik": "0000839845", "assigned-sic": "6036", "irs-number": "222916440", "state-of-incorporation": "NJ", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-17353", "film-number": "99604143"}, "business-address": {"street1": "SUNSET & SALEM RDS", "city": "BURLINGTON", "state": "NJ", "zip": "08016", "phone": "6093862400"}, "mail-address": {"street1": "SUNSET & SALEM ROADS", "city": "BURLINGTON", "state": "NJ", "zip": "08016"}}
SECURITIES AND EXCHANGE COMMISSION
                            ----------------------------------

                                   Washington, DC 20549
                                   ====================

                                      FORM 8-K

                                   CURRENT REPORT

             Pursuant to Section 13 or 15(d) of the Securities Exchange
                                          Act of 1934

            Date of Report April 27, 1999

                              FMS FINANCIAL CORPORATION
                              -------------------------

               (Exact name of registrant as specified in its charter)

                              Commission file number 0-17353

            New Jersey                                        22-2916440
            ----------                                        ----------

            (State or other jurisdiction of                   (IRS Employer
            incorporation )                                   Identification 
                                                              No.)

            3 Sunset Road, Burlington, New Jersey                   08016
            ----------------------------------------                -------

            (Address of principal executive offices)                (Zip Code)

            Registrant's telephone  number, including  area code:  (609)
            386-2400
Item 5. Other Events
            FMS FINANCIAL REPORT STOCK REPURCHASE PLAN

            FMS Financial Corporation, (NASDAQ Symbol: ``FMCO'') has
            announced its intent to repurchase up to 5% of its
            outstanding shares of common stock in the open market at
            prevailing market prices from time to time depending on
            market conditions. The Company has 7,231,767 shares
            outstanding. Craig W. Yates, President of the Company,
            indicated that the Board of Directors approved the
            repurchase program in view of recent lower price levels of
            the Company's common stock. Mr. Yates stated, ``We believe
            that the repurchase of our shares represents an attractive
            investment opportunity which will benefit the Company and
            our stockholders.''

            FMS Financial Corporation is the holding company for Farmers
            & Mechanics Bank, which operates twenty-five banking offices
            in Burlington County, New Jersey.

                                     SIGNATURES

            Pursuant to the requirements of the Securities Exchange Act
            of 1934, the registrant has duly caused this report to be
            signed on its behalf by the undersigned hereunto duly
            authorized.

                                               FMS Financial Corporation
                                                         (Registrant)
                                               /s/ Craig W. Yates
            Date: April 28, 1999
                                                         Signature