First United Corp (OQ:FUNC)
Business Focus: Banks
Apr 23, 2024 04:30 pm ET
FIRST UNITED CORPORATION ANNOUNCES FIRST QUARTER 2024 FINANCIAL RESULTS
OAKLAND, Md., April 23, 2024 /PRNewswire/ -- First United Corporation (the "Corporation, "we", "us", and "our") (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced financial results for the three-month period ended March 31, 2024. Consolidated net income was $3.7 million for the first quarter of 2024, or $0.56 per diluted share, compared to $4.4 million, or $0.65 per diluted share, for the first quarter of 2023 and $1.8 million, or $0.26 per diluted share, for the fourth quarter of 2023.
Feb 05, 2024 03:01 pm ET
FIRST UNITED CORPORATION ANNOUNCES FOURTH QUARTER 2023 EARNINGS
OAKLAND, Md., Feb. 5, 2024 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced earnings results for the three- and twelve-month periods ended December 31, 2023. For the year ended December 31, 2023, consolidated net income was $15.1 million, or $2.25 per basic share and $2.24 per diluted share, compared to $25.0 million, or $3.77 per basic share and $3.76 per diluted share, for the year ended December 31, 2022.
Nov 29, 2023 04:02 pm ET
FIRST UNITED CORPORATION ANNOUNCES FIRST QUARTER 2024 DIVIDEND
OAKLAND, Md., Nov. 29, 2023 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) announces that its Board of Directors declared a cash dividend of $.20 per share that will be payable on February 1, 2024, to holders of record of the Corporation's common stock as of January 18, 2024.
Oct 23, 2023 04:31 pm ET
FIRST UNITED CORPORATION ANNOUNCES THIRD QUARTER 2023 EARNINGS
OAKLAND, Md., Oct. 23, 2023 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced earnings results for the three- and nine-month periods ended September 30, 2023. Consolidated net income was $4.5 million for the third quarter of 2023, or $0.67 per share (basic and diluted), compared to $6.9 million, or $1.04 per share (basic and diluted), for the third quarter of 2022 and $4.4 million, or $0.66 per share (basic and diluted), for the second quarter of 2023. Year to date income was
Sep 27, 2023 04:34 pm ET
FIRST UNITED CORPORATION ANNOUNCES FOURTH QUARTER 2023 DIVIDEND
OAKLAND, Md., Sept. 27, 2023 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) announces that its Board of Directors declared a cash dividend of $.20 per share that will be payable on November 1, 2023, to holders of record of the Corporation's common stock as of October 18, 2023.
Jul 24, 2023 04:55 pm ET
FIRST UNITED CORPORATION ANNOUNCES SECOND QUARTER 2023 EARNINGS
OAKLAND, Md., July 24, 2023 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced earnings results for the three- and six-month periods ended June 30, 2023. Consolidated net income was $4.4 million for the second quarter of 2023, or $0.66 per share (basic and diluted), compared to $5.4 million, or $0.82 per share (basic and diluted), for the second quarter of 2022 and $4.4 million, or $0.66 per basic share and $0.65 per diluted share, for the first quarter of 2023. Year to date i
Jun 28, 2023 05:03 pm ET
FIRST UNITED CORPORATION ANNOUNCES THIRD QUARTER 2023 DIVIDEND
OAKLAND, Md., June 28, 2023 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) announces that its Board of Directors declared a cash dividend of $.20 per share that will be payable on August 1, 2023, to holders of record of the Corporation's common stock as of July 18, 2023.
Apr 24, 2023 06:24 pm ET
FIRST UNITED CORPORATION ANNOUNCES FIRST QUARTER 2023 EARNINGS
OAKLAND, Md., April 24, 2023 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced earnings results for the three-month period ended March 31, 2023. Consolidated net income was $4.4 million for the first quarter of 2023, or $0.65 per diluted share, compared to $5.7 million, or $0.86 per diluted share, for the first quarter of 2022 and $7.0 million, or $1.04 per diluted share, for the fourth quarter of 2022.
Mar 08, 2023 03:42 pm ET
FIRST UNITED CORPORATION ANNOUNCES SECOND QUARTER 2023 DIVIDEND
OAKLAND, Md., March 8, 2023 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) announces that its Board of Directors declared a cash dividend of $.20 per share that will be payable on May 1, 2023, to holders of record of the Corporation's common stock as of April 17, 2023.
Feb 09, 2023 03:15 pm ET
FIRST UNITED CORPORATION ANNOUNCES FOURTH QUARTER 2022 EARNINGS
OAKLAND, Md., Feb. 9, 2023 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced earnings results for the three- and twelve-month periods ended December 31, 2022. Consolidated net income was $7.0 million for the fourth quarter of 2022, or $1.04 per diluted share, compared to $7.5 million, or $1.14 per diluted share, for the fourth quarter of 2021 and $6.9 million, or $1.04 per diluted share, for the third quarter of 2022. Consolidated net income was $25.0 million for the year end
Dec 01, 2022 03:15 pm ET
FIRST UNITED CORPORATION ANNOUNCES FIRST QUARTER 2023 DIVIDEND
OAKLAND, Md., Dec. 1, 2022 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) announces that its Board of Directors declared a cash dividend of $.18 per share that will be payable on February 1, 2023, to holders of record of the Corporation's common stock as of January 13, 2023.
Oct 20, 2022 04:53 pm ET
FIRST UNITED CORPORATION ANNOUNCES THIRD QUARTER 2022 EARNINGS
OAKLAND, Md., Oct. 20, 2022 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced earnings results for the three- and nine-month periods ended September 30, 2022. Consolidated net income was $6.9 million for the third quarter of 2022, or $1.04 per diluted share, compared to $4.4 million, or $0.66 per diluted share, for the third quarter of 2021 and $5.4 million, or $0.82 per diluted share, for the second quarter of 2022. Year to date income was $18.1 million as of September 30, 2
Sep 28, 2022 04:15 pm ET
FIRST UNITED CORPORATION ANNOUNCES FOURTH QUARTER 2022 DIVIDEND
OAKLAND, Md., Sept. 28, 2022 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) announces that its Board of Directors declared a cash dividend of $.15 per share that will be payable on November 1, 2022, to holders of record of the Corporation's common stock as of October 18, 2022.
Jul 25, 2022 08:15 am ET
FIRST UNITED CORPORATION ANNOUNCES SECOND QUARTER 2022 EARNINGS
OAKLAND, Md., July 25, 2022 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced earnings results for the three- and six-month periods ended June 30, 2022. Consolidated net income was $5.4 million for the second quarter of 2022, or $0.82 per diluted share, compared to $4.4 million, or $0.66 per diluted share, for the second quarter of 2021 and $5.7 million, or $0.86 per diluted share, for the first quarter of 2022. Year to date income was $11.1 million as of June 30, 2022, or $1
Jun 29, 2022 04:53 pm ET
FIRST UNITED CORPORATION ANNOUNCES THIRD QUARTER 2022 DIVIDEND
OAKLAND, Md., June 29, 2022 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) announces that its Board of Directors declared a cash dividend of $.15 per share that will be payable on August 1, 2022, to holders of record of the Corporation's common stock as of July 18, 2022.
Apr 21, 2022 06:17 pm ET
FIRST UNITED CORPORATION ANNOUNCES FIRST QUARTER 2022 EARNINGS
OAKLAND, Md., April 21, 2022 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced earnings results for the three-month period ended March 31, 2022. Consolidated net income was $5.7 million for the first quarter of 2022, or $0.86 per diluted share, compared to $3.4 million, or $0.49 per diluted share, for the first quarter of 2021. Non-GAAP, core earnings were $5.7 million ($0.86 per diluted share) for the first quarter of 2022 compared to $6.0 million, excluding litigation settl
Mar 18, 2022 06:04 pm ET
FIRST UNITED CORPORATION ANNOUNCES SECOND QUARTER 2022 DIVIDEND
OAKLAND, Md., March 18, 2022 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) announces that its Board of Directors declared a cash dividend of $.15 per share that will be payable on May 2, 2022 to holders of record of the Corporation's common stock as of April 18, 2022.
Feb 04, 2022 04:02 pm ET
FIRST UNITED CORPORATION ANNOUNCES FOURTH QUARTER AND YEAR TO DATE 2021 EARNINGS
OAKLAND, Md., Feb. 4, 2022 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced earnings results for the three- and 12-month periods ended December 31, 2021.
Nov 17, 2021 04:18 pm ET
First United Corporation Announces First Quarter 2022 Dividend
OAKLAND, Md., Nov. 17, 2021 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) announces that its Board of Directors declared a cash dividend of $.15 per share that will be payable on February 1, 2022 to holders of record of the Corporation's common stock as of January 14, 2022.
Oct 26, 2021 04:20 pm ET
First United Corporation Announces Third Quarter And Year To Date 2021 Earnings
OAKLAND, Md., Oct. 26, 2021 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced earnings results for the three- and nine-month periods ended September 30, 2021.
Sep 27, 2021 04:31 pm ET
First United Corporation Announces Fourth Quarter 2021 Dividend
OAKLAND, Md., Sept. 27, 2021 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) announces that its Board of Directors declared a cash dividend of $.15 per share that will be payable on November 1, 2021 to holders of record of the Corporation's common stock as of October 18, 2021.
Jul 28, 2021 06:03 pm ET
First United Corporation Announces Second Quarter And Year To Date 2021 Earnings
OAKLAND, Md., July 28, 2021 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced earnings results for the three- and six-month periods ended June 30, 2021.
Jul 01, 2021 04:32 pm ET
First United Corporation Announces Third Quarter 2021 Dividend
OAKLAND, Md., July 1, 2021 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) announces that its Board of Directors declared a cash dividend of $.15 per share that will be payable on August 2, 2021 to holders of record of the Corporation's common stock as of July 19, 2021.
Feb 19, 2021 05:31 pm ET
First United Corporation Announces Fourth Quarter And Full Year 2020 Earnings
OAKLAND, Md., Feb. 19, 2021 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced earnings results for the full year and three-month periods ended December 31, 2020 and 2019.
Dec 17, 2020 03:13 pm ET
First United Corporation Announces First Quarter 2021 Dividend
OAKLAND, Md., Dec. 17, 2020 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) announces that its Board of Directors declared a cash dividend of $.13 per share that will be payable on February 1, 2021 to holders of record of the Corporation's common stock as of January 15, 2021.
Nov 10, 2020 03:51 pm ET
First United Corporation Announces Third Quarter 2020 Earnings
OAKLAND, Md., Nov. 10, 2020 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced earnings results for the nine- and three-month periods ended September 30, 2020 and 2019.
Jun 18, 2020 04:15 pm ET
First United Corporation Announces Third Quarter 2020 Dividend
OAKLAND, Md., June 18, 2020 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) announces that its Board of Directors declared a cash dividend of $.13 per share that will be payable on August 3, 2020 to holders of record of the Corporation's common stock as of July 17, 2020.
Jun 11, 2020 12:46 pm ET
First United Announces Preliminary Results From Its 2020 Annual Meeting
OAKLAND, Md., June 11, 2020 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) ("First United" or the "Company"), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced that based on the preliminary vote count at the Company's 2020 Annual Meeting reviewed by its proxy solicitor, all of its director candidates, John W. McCullough, John F. Barr, Brian R. Boal, and Marisa A. Shockley, have been elected to the Company's Board of Directors (the "Board").
Jun 09, 2020 06:00 am ET
First United Urges Shareholders To Vote In Favor Of Its Highly-Qualified, Independent Directors
OAKLAND, Md., June 9, 2020 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) ("First United" or the "Company"), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today issued the below statement reminding shareholders how important it is they vote in the upcoming annual meeting of shareholders scheduled for this Thursday, June 11, 2020. The Company urges shareholders to vote on the Company's BLUE proxy card for all of its director candidates: John W. McCullough; John F. Barr; Brian R. Boal; and Marisa A. Shockley.
Jun 08, 2020 02:30 pm ET
Driver Management Announces Egan-Jones Recommends First United Shareholders Vote on the WHITE Proxy Card to Refresh the Board of Directors
Driver Management Company LLC (together with its affiliates, “Driver” or “we”), the manager of an investment partnership that holds more than 5% of the outstanding shares of First United Corporation (“First United” or the “Company”) (NASDAQ: FUNC), today announced that Egan-Jones Proxy Services (“Egan-Jones”), a leading independent proxy advisory firm, has endorsed its case for change at First United by recommending that shareholders vote on the WHITE proxy card to elect Michael J. Driscoll, Ed.D, Ethan C. Elzen and Lisa Narrell-Mead to the Board of Director
Jun 05, 2020 06:00 am ET
Glass Lewis, A Leading Independent Proxy Advisory Firm, Recommends Shareholders Vote For All Of First United's Nominees
OAKLAND, Md., June 5, 2020 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) ("First United" or the "Company"), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced that leading proxy advisory firm, Glass, Lewis & Co. ("Glass Lewis"), recommends shareholders vote on the Company's BLUE proxy card for all of its nominees: John W. McCullough; John F. Barr; Brian R. Boal; and Marisa A. Shockley.
Jun 02, 2020 02:00 pm ET
First United Announces Notice Of Change In Location Of The Annual Meeting To A Virtual-Only Meeting Format
OAKLAND, Md., June 2, 2020 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust, today issued a letter to shareholders to notify them that the location and format of the upcoming 2020 annual meeting of shareholders has changed.
Jun 01, 2020 06:00 am ET
First United Will Count Driver's Votes At Upcoming Annual Meeting
OAKLAND, Md., June 1, 2020 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) ("First United" or the "Company"), a bank holding company and the parent company of First United Bank & Trust, today announced that, in response to a question from Driver Management Company LLC ("Driver") and its counsel, the Company will accept Driver's nominations of its three director candidates as valid when the polls are open and will tally the votes attributable to Driver's shares of stock that are present and submitted at the upcoming annual meeting of shareholders to be held on June 11, 2020 (the "
May 28, 2020 11:30 am ET
Driver Management Comments on Flawed ISS Report Essentially Endorsing First United’s Assault on Corporate Democracy and Shareholders’ Rights
Driver Management Company LLC (together with its affiliates, “Driver” or “we”), the manager of an investment partnership that holds more than 5% of the outstanding shares of First United Corporation (“First United” or the “Company”) (NASDAQ: FUNC), today issued a statement in response to a report issued by Institutional Shareholder Services (“ISS”) in connection with the Company’s 2020 Annual Meeting of Shareholders (the “2020 Annual Meeting”) on June 11.
May 28, 2020 06:00 am ET
Leading Proxy Advisory Firm, Institutional Shareholder Services, Recommends Shareholders Vote On First United's Blue Proxy Card
OAKLAND, Md., May 28, 2020 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) ("First United," "FUNC," or the "Company"), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced that leading proxy advisory firm, Institutional Shareholder Services Inc. ("ISS"), recommends shareholders vote on the Company's BLUE proxy card for nominees, John F. Barr, Brian R. Boal, and Marisa A. Shockley.
May 27, 2020 07:00 am ET
First United Clarifies Driver's Misleading Statements Regarding Regulatory Actions
OAKLAND, Md., May 27, 2020 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) ("First United" or the "Company"), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today issued the below statement in response to Driver Management Company LLC's ("Driver") press release filed on May 26, 2020:
May 26, 2020 08:15 am ET
Driver Management Announces Maryland Commissioner’s Investigation Has Closed Without Any Finding of Law Being Violated
Driver Management Company LLC (together with its affiliates, “Driver” or “we”), one of the largest shareholders of First United Corporation (NASDAQ: FUNC) (“First United” or the “Company”), today announced that it reached an agreement (the “Agreement”) with the Maryland Commissioner of Financial Regulation (the “Maryland Commissioner”) to resolve an inquiry pertaining to Driver’s purchase of the Company’s common shares. A copy of the Agreement can be viewed at
May 21, 2020 11:00 am ET
Driver Management Exposes First United’s Refusal to Acknowledge the Truth
Driver Management Company LLC (together with its affiliates, “Driver” or “we”), one of the largest shareholders of First United Corporation (NASDAQ: FUNC) (“First United” or the “Company”), today made available additional documents demonstrating First United’s anti-shareholder practices and issued an open letter to shareholders. As a reminder, visit
May 20, 2020 05:30 pm ET
First United Sends Letter to Shareholders Clarifying Additional Attempts by Driver to Mislead Shareholders
OAKLAND, Md., May 20, 2020 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) ("First United" or the "Company"), a bank holding company and the parent company of First United Bank & Trust, today issued the following open letter to further clarify the Company's continued commitment to protecting the interests of all shareholders while ensuring compliance with all laws and regulations.
May 18, 2020 12:00 pm ET
First United Releases Statement And Presentation Regarding Driver's Continued False Narratives And Mischaracterizations
OAKLAND, Md., May 18, 2020 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) ("First United" or the "Company"), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today issued the below statement and released a presentation to address certain misleading statements advanced by Driver Management Company LLC ("Driver") in connection with the Company's upcoming Annual Meeting of Shareholders (the "Annual Meeting") to be held on June 11, 2020. The presentation – "What Driver Got Wrong" – can be viewed at https://www.sec.gov/.
May 18, 2020 11:51 am ET
Driver Management Discloses Irrefutable Evidence of First United’s Lies and Attempts to Collude With Maryland Commissioner
Driver Management Company LLC (together with its affiliates, “Driver” or “we”), the largest shareholder of First United Corporation (NASDAQ: FUNC) (“First United” or the “Company”), today announced that it has obtained documents that disprove First United’s repeated denials of meddling with sharehol
May 18, 2020 07:00 am ET
First United Responds to Driver's False and Misleading Statements
OAKLAND, Md., May 18, 2020 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) ("First United" or the "Company"), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today issued the below statement in response to Driver Management Company LLC's ("Driver") press release filed on May 15, 2020:
May 15, 2020 12:30 pm ET
Driver Management Condemns Effort by First United and Maryland Regulator to Undermine Shareholder Democracy Through Unconstitutional Abuse of Seldom-Used Protectionist Statute
Driver Management Company LLC (together with its affiliates, “Driver” or “we”), the largest shareholder of First United Corporation (NASDAQ: FUNC) (“First United” or the “Company”), today disclosed that it has received a letter from the Maryland Commiss
May 13, 2020 08:00 am ET
Driver Management Provides First United Shareholders the Opportunity to Hear From Its Highly-Qualified, Independent Director Candidates
Driver Management Company LLC (together with its affiliates, “Driver” or “we”), which is the largest shareholder of First United Corporation (“First United” or the “Company”) (NASDAQ: FUNC), has sent a letter to fellow shareholders regarding its nomination of three c
May 12, 2020 07:00 am ET
First United Sets The Record Straight Regarding Driver's False Narratives And Mischaracterizations
OAKLAND, Md., May 12, 2020 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) ("First United" or the "Company"), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced that it mailed a letter to shareholders in connection with the Company's upcoming Annual Meeting of Shareholders (the "Annual Meeting") to be held on June 11, 2020 to address certain misleading statements advanced by Driver Management Company LLC ("Driver").
Apr 30, 2020 04:38 pm ET
First United Urges Shareholders To Support Company's Board Of Directors Nominees
OAKLAND, Md., April 30, 2020 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) ("First United" or the "Company"), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced that it mailed a letter to shareholders in connection with the Company's upcoming Annual Meeting of Shareholders (the "Annual Meeting") to be held on June 11, 2020. The full text of the letter is as follows.
Apr 30, 2020 08:00 am ET
Driver Management Demands that First United Address Troubling Voting Irregularities from Past Shareholder Meetings
Driver Management Company LLC (“Driver”), the manager of an investment partnership that is the largest shareholder (holding more than 5% of the outstanding shares) of First United Corporation, (“First United” or the “Company”) (NASDAQ: FUNC), has sent a letter to John McCullough, F
Apr 29, 2020 05:06 pm ET
First United Corporation Announces First Quarter 2020 Earnings
OAKLAND, Md., April 29, 2020 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced earnings results for the three- month periods ended March 31, 2020 and 2019.
Apr 22, 2020 07:00 am ET
First United Earns BauerFinancial's 5-Star Rating for Third Consecutive Year
OAKLAND, Md., April 22, 2020 /PRNewswire/ -- First United Corporation, (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Company" or "First United"), today announced that it has earned a five-star rating from BauerFinancial, the nation's leading independent bank and credit union rating and research firm.
Apr 20, 2020 04:00 pm ET
Driver Management Mails Letter to First United Shareholders, Detailing the Case for Board-Level Change at the Upcoming 2020 Annual Meeting
Driver Management Company LLC (“Driver”), the manager of an investment partnership that holds more than 5% of the outstanding shares of First United Corporation (“First United” or the “Company”) (NASDAQ: FUNC), has sent a letter to shareholders regarding its nomination of three ca
Apr 20, 2020 07:00 am ET
First United Sends Letter To Shareholders
OAKLAND, Md., April 20, 2020 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) ("First United" or the "Company"), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced that it mailed a letter to shareholders in connection with the Company's upcoming Annual Meeting of Shareholders (the "Annual Meeting") to be held on June 11, 2020. The full text of the letter sent on April 17, 2020, is as follows.
Apr 03, 2020 08:00 am ET
Driver Management Sets the Record Straight Following First United’s Attempts to Mislead Shareholders Ahead of 2020 Annual Meeting
Driver Management Company LLC (“Driver”), the manager of an investment partnership that holds more than 5% of the outstanding shares of First United Corporation (NASDAQ: FUNC) (“First United” or the “Company”), today issued a letter to shareholders.
Apr 02, 2020 07:00 am ET
The Daily Record Names Carissa Rodeheaver of First United to "Maryland's Top 100 Women"
OAKLAND, Md., April 2, 2020 /PRNewswire/ -- First United Corporation, (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Company" or "First United"), today announced that Carissa Rodeheaver, CEO, President and Chairman of the Board of Directors, has been named one of "Maryland's Top 100 Women" by The Daily Record.
Mar 27, 2020 07:00 am ET
First United Provides Additional Details Regarding Board Refreshment Strategy
OAKLAND, Md., March 27, 2020 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Company" or "First United"), today provided an update regarding its Board of Directors (the "Board") refreshment strategy.
Mar 26, 2020 04:21 pm ET
First United Corporation Announces Second Quarter 2020 Dividend
OAKLAND, Md., March 26, 2020 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) announces that its Board of Directors declared a cash dividend of $.13 per share that will be payable on May 1, 2020 to holders of record of the Corporation's common stock as of April 17, 2020.
Mar 26, 2020 04:05 pm ET
First United Honored by 2020 Women on Boards for Female Board Representation
OAKLAND, Md., March 26, 2020 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Company" or "First United"), today announced that it has been recognized as a "Winning (W)" company by 2020 Women on Boards, the premier global education and advocacy campaign committed to increasing the number of women on corporate boards.
Mar 26, 2020 08:00 am ET
First United Issues Statement Regarding Recent Settlement Negotiations with Driver Management Company
OAKLAND, Md., March 26, 2020 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Company" or "First United"), today announced the conclusion of recent settlement talks with Driver Management Company LLC ("Driver").
Feb 07, 2020 12:01 pm ET
Driver Management Corrects the Record Regarding First United’s Disparaging and Misleading Account of Recent Events
Driver Management Company LLC (“Driver” or “we”), the manager of an investment partnership that holds more than 5% of the outstanding shares of First United Corporation (“First United” or the “Company”) (NASDAQ: FUNC), today released the below letter in response to the Company’s February 6 public letter that mischaracterizes recent events. A copy of the letter and information regarding Driver’s case for change at First United is available at
Feb 07, 2020 11:01 am ET
Driver Management Corrects the Record Regarding First United’s Disparaging and Misleading Account of Recent Events
Driver Management Company LLC (“Driver” or “we”), the manager of an investment partnership that holds more than 5% of the outstanding shares of First United Corporation (“First United” or the “Company”) (NASDAQ: FUNC), today released the below letter in response to the Company’s February 6 public letter that mischaracterizes recent events. A copy of the letter and information regarding Driver’s case for change at First United is available at
Dec 16, 2019 06:30 am ET
Driver Management Sends Letter to the Independent Directors of First United Corporation
Driver Management Company LLC (“Driver” or “we”), the manager of an investment partnership that holds more than 5% of the outstanding shares of First United Corporation (“First United” or the “Company”) (NASDAQ: FUNC), today made public a letter sent to the independent members of First United’s Board of Directors (the “Board”) on Friday, December, 13. A copy of the letter and information regarding Driver’s case for change is available at
Nov 19, 2019 08:30 am ET
Driver Management to Nominate Three Highly-Qualified, Independent Candidates for Election to First United Corporation’s Board of Directors
Driver Management Company LLC (“Driver” or “we”), the manager of an investment partnership that holds more than 5% of the outstanding shares of First United Corporation (“First United” or the “Company”) (NASDAQ: FUNC), today issued a letter to shareholders regarding its upcoming nomination of three highly-qualified, independent candidates for election to First United’s Board of Directors at the Company’s 2020 Annual Meeting of Shareholders. We also invite shareholders to visit
Oct 30, 2019 09:30 am ET
Driver Management Releases Statement and Presentation Regarding First United Corporation’s Failure to Produce a Viable Strategic Plan
Driver Management Company LLC (“Driver”), the manager of a fund that holds more than 5% of the outstanding shares of First United Corporation (“First United” or the “Company”) (NASDAQ: FUNC), today issued the below statement to accompany its presentation focused on First United’s failure to deliver a viable strategic plan. The presentation—
Oct 21, 2019 08:42 am ET
First United Corporation Announces Third Quarter 2019 Earnings
OAKLAND, Md., Oct. 21, 2019 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced earnings results for the three- and nine-month periods ended September 30, 2019.
Sep 26, 2019 04:17 pm ET
First United Corporation Announces Fourth Quarter 2019 Dividend
OAKLAND, Md., Sept. 26, 2019 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) announces that its Board of Directors declared a cash dividend of $.13 per share that will be payable on November 1, 2019 to holders of record of the Corporation's common stock as of October 16, 2019.
Sep 26, 2019 08:00 am ET
Driver Management Releases Statement and Presentation Regarding First United’s Board of Directors
Driver Management Company LLC (“Driver”), the manager of certain vehicles that collectively hold more than 5% of the outstanding shares of First United Corporation (“First United” or the “Company”) (NASDAQ: FUNC), today issued the below statement to accompany its presentation focused on the failures and shortcomings of First United’s Board of Directors (the “Board”). The presentation—“First United: Shareholders Last”—can be downloaded and viewed
Jul 15, 2019 06:14 pm ET
First United Corporation Announces Second Quarter 2019 Earnings
OAKLAND, Md., July 15, 2019 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), announces consolidated net income of $5.8 million for the first six months of 2019, compared to $5.5 million for the same period of 2018. Basic and diluted net income per common share for the first six months of 2019 were both $.81, compared to basic and diluted net income per common share of $.78 for the same period of 2018. The increase in earnings was primarily due to an increase in net interest income of $1.4 mi
Apr 09, 2019 06:16 pm ET
First United Corporation Announces First Quarter 2019 Earnings
OAKLAND, Md., April 9, 2019 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), announces consolidated net income of $3.2 million for the first three months of 2019, compared to $2.5 million for the same period of 2018. Basic and diluted net income per common share for the first three months of 2019 were both $.44, compared to basic and diluted net income per common share of $.35 for the same period of 2018. The increase in earnings was primarily due to an increase in net interest income of $.8
Mar 27, 2019 04:18 pm ET
First United Corporation Announces Second Quarter 2019 Dividend
OAKLAND, Md., March 27, 2019 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) announces that its Board of Directors declared a cash dividend of $.09 per share that will be payable on May 1, 2019 to holders of record of the Corporation's common stock as of April 17, 2019.
Mar 11, 2019 05:34 pm ET
First United Corporation Announces 2018 Fourth Quarter And Year End Earnings
OAKLAND, Md., March 11, 2019 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust, announces that consolidated net income available to common shareholders was $10.7 million for the year ended December 31, 2018, compared to $4.1 million for 2017. Basic and diluted net income per common share for the year ended December 31, 2018 were both $1.51, compared to basic and diluted net income per common share of $.58 for 2017. The increase in earnings for 2018 was attributable to a $4.6 million increase in net interes
Dec 19, 2018 03:25 pm ET
First United Corporation Announces First Quarter 2019 Dividend
OAKLAND, Md., Dec. 19, 2018 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) announces that its Board of Directors declared a cash dividend of $.09 per share that will be payable on February 1, 2019 to holders of record of the Corporation's common stock as of January 15, 2019.
Nov 07, 2018 03:47 pm ET
First United Corporation Announces Third Quarter 2018 Earnings
OAKLAND, Md., Nov. 7, 2018 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), announces that consolidated net income available to common shareholders was $8.3 million for the first nine months of 2018, compared to $5.3 million for the same period of 2017. Basic and diluted net income per common share for the first nine months of 2018 were both $1.17, compared to basic and diluted net income per common share of $.77 for the same period of 2017. The increase in earnings was primarily due to an i
Sep 26, 2018 04:20 pm ET
First United Corporation Announces Fourth Quarter Dividend
OAKLAND, Md., Sept. 26, 2018 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) announces that its Board of Directors declared a cash dividend of $.09 per share that will be payable on November 1, 2018 to holders of record of the Corporation's common stock as of October 15, 2018.
Aug 08, 2018 04:38 pm ET
First United Corporation Announces Second Quarter 2018 Earnings
OAKLAND, Md., Aug. 8, 2018 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), announces consolidated net income available to common shareholders was $5.5 million for the first six months of 2018, compared to $3.5 million for the same period of 2017. Basic and diluted net income per common share for the first six months of 2018 were both $.78, compared to basic and diluted net income per common share of $.52 for the same period of 2017. The increase in earnings was primarily due to an increase
Jun 20, 2018 04:17 pm ET
First United Corporation Announces Third Quarter Dividend
OAKLAND, Md., June 20, 2018 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) announces that its Board of Directors declared a cash dividend of $.09 per share that will be payable on August 1, 2018 to holders of record of the Corporation's common stock as of July 16, 2018.
May 09, 2018 04:26 pm ET
First United Corporation Announces First Quarter 2018 Earnings
OAKLAND, Md., May 9, 2018 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), announces consolidated net income available to common shareholders of $2.5 million for the first three months of 2018, compared to $1.4 million for the same period of 2017. Basic and diluted net income per common share for the first three months of 2018 were both $.35, compared to basic and diluted net income per common share of $.22 for the same period of 2017. The increase in earnings was primarily due to an increas
Mar 09, 2018 03:25 pm ET
First United Corporation Announces 2017 Fourth Quarter And Year End Earnings
OAKLAND, Md., March 9, 2018 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust, announces that consolidated net income available to common shareholders was $4.1 million for the year ended December 31, 2017, compared to $5.3 million for 2016. Basic and diluted net income per common share for the year ended December 31, 2017 were both $.58, compared to basic and diluted net income per common share of $.84 for 2016. The decrease in earnings for 2017 was primarily attributable to a $3.2 million, or $.49 per com
Mar 08, 2018 03:28 pm ET
First United Corporation Announces Second Quarter Dividend
OAKLAND, Md., March 8, 2018 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), the parent company of First United Bank & Trust, announces that its board of directors has declared a cash dividend of $.09 per common share. The dividend will be paid on May 2, 2018 to shareholders of record as of April 16, 2018.
Nov 13, 2017 04:23 pm ET
First United Corporation Announces 3rd Quarter 2017 Earnings
OAKLAND, Md., Nov. 13, 2017 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust, announces that consolidated net income available to common shareholders was $5.3 million for the first nine months of 2017, compared to $4.3 million for the same period of 2016. Basic and diluted net income per common share for the first nine months of 2017 were both $.77, compared to basic and diluted net income per common share of $.68 for the same period of 2016. The increase in earnings was primarily due to an increase in ne
Aug 08, 2017 06:07 pm ET
First United Corporation Announces 2nd Quarter 2017 Earnings
OAKLAND, Md., Aug. 8, 2017 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust, announces that consolidated net income available to common shareholders was $3.5 million for the first six months of 2017, compared to $2.5 million for the same period of 2016. Basic and diluted net income per common share for the first six months of 2017 were both $.52, compared to basic and diluted net income per common share of $.39 for the same period of 2016. The increase in earnings was primarily due to an increase in net
May 09, 2017 05:25 pm ET
First United Corporation Announces First Quarter 2017 Earnings
OAKLAND, Md., May 9, 2017 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), announces consolidated net income available to common shareholders was $1.4 million for the first three months of 2017, compared to $1.2 million for the same period of 2016. Basic and diluted net income per common share for the first three months of 2017 were both $.22, compared to basic and diluted net income per common share of $.19 for the same period of 2016. The increase in earnings was primarily due to a decreas
Mar 20, 2017 07:25 pm ET
First United Corporation Announces Successful Completion Of Rights Offering
OAKLAND, Md., March 20, 2017 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Company"), announced today the successful completion of its previously-announced rights offering to shareholders in which the Company sold an aggregate of 783,626 shares of common stock (the total number of shares offered) at $11.93 per share for aggregate gross proceeds of approximately $9.35 million (the "Rights Offering"). In the Rights Offering, 399,991 shares were issued to shareholders upon exercise of their basic su
Mar 08, 2017 05:22 pm ET
First United Corporation Announces 2016 Fourth Quarter and Year End Earnings
OAKLAND, Md., March 8, 2017 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust, announces that consolidated net income available to common shareholders was $5.3 million for the year ended December 31, 2016, compared to $10.3 million for 2015. Basic and diluted net income per common share for the year ended December 31, 2016 were both $.84, compared to basic and diluted net income per common share of $1.65 for 2015. The decrease in earnings for 2016 was primarily attributable to an $11.6 million arbitration
Nov 07, 2016 05:32 pm ET
First United Corporation Announces Rights Offering
OAKLAND, Md., Nov. 7, 2016 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Company"), announced today that it has filed a Registration Statement on Form S-1 (the "Registration Statement") with the Securities and Exchange Commission (the "SEC") for a proposed rights offering to its existing shareholders. Under the proposed rights offering, the Company intends to distribute to its shareholders non-transferable subscription rights to purchase an aggregate of 783,626 shares of its common stock, par val
Nov 07, 2016 04:24 pm ET
First United Corporation Announces 3rd Quarter 2016 Earnings
OAKLAND, Md., Nov. 7, 2016 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust, announces that consolidated net income available to common shareholders was $4.3 million for the first nine months of 2016, compared to $2.5 million for the same period of 2015. Basic and diluted net income per common share for the first nine months of 2016 were both $.68, compared to basic and diluted net income per common share of $.39 for the same period of 2015. The increase in earnings was due to an increase in net interest
Aug 11, 2016 05:34 pm ET
First United Corporation Announces 2nd Quarter 2016 Earnings
OAKLAND, Md., Aug. 11, 2016 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust, announces consolidated net income available to common shareholders of $2.5 million for the first six months of 2016, compared to $1.2 million for the same period of 2015. Basic and diluted net income per common share for the first six months of 2016 was $.39, compared to basic and diluted net income per common share of $.19 for the same period of 2015. The increase in earnings was due to an increase in net interest income offset
May 09, 2016 06:11 pm ET
First United Corporation Announces First Quarter 2016 Earnings
OAKLAND, Md., May 9, 2016 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), announces consolidated net income available to common shareholders of $1.2 million for the first three months of 2016, compared to $.7 million for the same period of 2015. Basic and diluted net income per common share for the first three months of 2016 was $.19, compared to basic and diluted net income per common share of $.11 for the same period of 2015. The increase in earnings was due to an increase of $.5 million
Mar 09, 2016 05:01 pm ET
First United Corporation Announces 2015 Fourth Quarter And Year End Earnings
OAKLAND, Md., March 9, 2016 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust, announces consolidated net income available to common shareholders of $8.2 million for the year ended December 31, 2015, compared to $3.0 million for 2014. Basic and diluted net income per common share for the year ended December 31, 2015 were both $1.31, compared to basic and diluted net income per common share of $.48 for 2014. The increase in earnings for 2015 was primarily attributable to an $11.6 million recovery received i
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