First United Corporation Declares Cash Dividend of $.22 Per Share

First United Corporation (NASDAQ: FUNC) made a significant announcement today, November 20, 2024. The Board of Directors of First United Corporation declared a cash dividend of $.22 per share. This dividend is set to be paid on February 3, 2025, to all holders of record of the Corporation’s common stock as of January 17, 2025.

This news was shared via a press release by First United Corporation, emphasizing their commitment to providing returns to their shareholders. The declared dividend amount signifies a gesture towards enhancing shareholder value and promoting investor confidence in the company.

For additional information, interested parties can refer to the official press release dated November 20, 2024, which has been filed as Exhibit 99.1 to this report. This document is available for public access and provides further details on the dividend declaration.

First United Corporation, the parent company of First United Bank & Trust, stands as a Maryland trust company with commercial banking powers. The company has several wholly-owned subsidiaries, including OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, along with entities like First OREO Trust and FUBT OREO I, LLC, established for the management of real estate acquired through foreclosure processes. Additionally, the company has investments in low-income housing units through partnerships like Liberty Mews Limited Partnership and MCC FUBT Fund, LC.

For more information about First United Corporation and its subsidiaries, individuals can visit their official website at www.mybank.com.

Investors and stakeholders can stay updated on any further developments or announcements from First United Corporation by monitoring future filings and press releases issued by the company.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read First United’s 8K filing here.

About First United

First United Corporation operates as the bank holding company for First United Bank & Trust that provides various retail and commercial banking services to businesses and individuals. It offers various deposit products, which includes checking, savings, money market deposit, and regular and individual retirement accounts (IRAs), as well as certificates of deposit.