FIRST UNITED CORP/MD/

First United Corporation announced that its Board of Directors declared a cash dividend of $0.26 per share. This dividend is scheduled to be paid on August 3, 2026, to shareholders of record as of the close of business on July 20, 2026.

First United Corporation announced the appointment of Jason B. Rush as Chairman of the Board, effective May 27, 2026. Mr. Rush, 55, was previously elected to the Board by shareholders and has served as the company's President and Chief Executive Officer since January 1, 2026. He has a long history with First United, having been employed by the organization since October 1993, holding various leadership positions including Senior Vice President and Chief Operating Officer.

First United Corporation held its 2026 annual meeting on May 7, 2026, where shareholders voted on five proposals. All 10 nominated directors were elected, an amendment to the corporate charter was approved, and executive compensation for 2025 was approved in a non-binding advisory vote. Shareholders also ratified Crowe LLP as the independent registered public accounting firm for 2026. Following the advisory vote, the Board of Directors decided on May 27, 2026, to continue holding Say-on-Pay votes annually.

First United Corporation presented its financial data and performance trends at its Annual Meeting of Shareholders. The company reported strong net income of $24.5 million, or $3.77 per diluted share, for the year ended December 31, 2025, and continued steady performance in the first quarter of 2026 with non-GAAP earnings of $6.6 million, or $1.02 diluted EPS. Strategic initiatives included disciplined pricing, strong loan production, organic deposit growth, and branch network optimization. The presentation also noted the retirement of Executive Chairman Carissa Rodeheaver.

First United Corporation announced its financial results for the first quarter ended March 31, 2026. The company issued a press release on April 20, 2026, detailing these results. Additionally, an investor presentation discussing aspects of the Q1 2026 financial performance was published on April 21, 2026.