First United Corporation Declares Fourth Quarter Dividend

The Maryland-based financial institution, which trades on the NASDAQ under the ticker FUNC, serves as the parent company for First United Bank & Trust. Beyond its core commercial banking operations, the corporation maintains a diverse portfolio of subsidiaries. These include the OakFirst Loan Center finance companies and the First OREO Trust, a vehicle dedicated to managing and disposing of real estate acquired through foreclosure proceedings.

First United also holds significant interests in regional development projects, including low-income housing units in Garrett and Allegany counties. These investments are managed through the Liberty Mews Limited Partnership and the MCC FUBT Fund, where the bank maintains majority non-voting membership stakes.