First United Corporation’s SEC filings document a Maryland bank holding company with common stock listed on the Nasdaq Stock Market under FUNC. Recent 8-K reports furnish operating results, dividend announcements, annual meeting materials, officer appointments, and executive compensation arrangements tied to the company and its bank subsidiary, First United Bank & Trust.
Proxy materials and related governance filings cover director elections, executive compensation, equity awards, pay-versus-performance disclosures, and shareholder meeting matters. The filing record also reflects the company’s capital structure as a public bank holding company and its formal disclosures around community banking, wealth management, risk oversight, and board-level compensation programs.
First United Corporation (FUNC) reported an insider transaction by SVP & COO Jason B. Rush. On 11/03/2025, he acquired 81.332 shares of common stock at $35.15 per share through a dividend reinvestment program.
Following the transaction, Rush beneficially owned 25,088.77 shares directly. The filing notes this amount includes 88.4732 shares acquired with reinvested dividends pursuant to the First United Corporation Dividend Reinvestment and Stock Purchase Plan since the last report.
FIRST UNITED Corp. (FUNC): Director insider purchase reported. A director bought 83.896 shares of common stock on 11/03/2025 at $35.15 per share. The filing notes the shares were acquired through a dividend reinvestment program in the reporting person’s brokerage account. Following the transaction, the director beneficially owned 20,764.063 shares, held directly.
First United Corporation (FUNC) reported insider share purchases by Chairman, President & CEO Carissa L. Rodeheaver. On 11/03/2025, she acquired 46.2267 shares at $35.42 and 131.638 shares at $35.15, with the filing noting purchases pursuant to a dividend reinvestment program. Following these transactions, she directly owned 46,998.6609 shares. Indirect holdings were 85.6557 shares by spouse as UTMA custodian for son and 929.4075 shares via a 401(k) plan.
First United Corporation (FUNC) filed its Q3 2025 10‑Q, reporting higher profitability and balance sheet growth. For the nine months ended September 30, 2025, net income was $18.7 million versus $14.4 million a year ago, with diluted EPS of $2.88 versus $2.19. Quarterly results improved as well: Q3 2025 net income was $6.9 million versus $5.8 million, with diluted EPS of $1.07 versus $0.89.
Net interest income for the nine months rose to $50.1 million from $44.3 million as interest and fees on loans reached $67.1 million versus $60.5 million. Credit loss expense for the nine months was $2.0 million versus $2.4 million. Noninterest income held steady at $15.3 million, led by trust department revenue of $7.2 million versus $6.8 million.
Total assets were $2.02 billion as of September 30, 2025 versus $1.97 billion at year‑end. Deposits increased to $1.68 billion versus $1.57 billion, while short‑term borrowings fell to $20.2 million versus $65.4 million. Loans, net, were $1.48 billion versus $1.46 billion, and the allowance for credit losses was $19.1 million versus $18.2 million. Accumulated other comprehensive loss improved to $25.5 million from $30.2 million. The company declared a dividend of $0.26 per share in Q3 2025, bringing year‑to‑date dividends to $0.70 per share.
First United Corporation furnished an update on its recent performance. The company issued a press release describing financial results for the three- and nine-month periods ended September 30, 2025, and made it available as Exhibit 99.1. It also published an investor presentation discussing these results as Exhibit 99.2.
The press release was furnished on October 20, 2025, and the presentation on October 21, 2025. The materials are being furnished under Items 2.02 and 7.01 and are not deemed “filed” for purposes of the Exchange Act, which limits their legal effect under those provisions.
First United Corporation disclosed that its Board of Directors has declared a cash dividend of $.26 per share on its common stock. The dividend will be paid on November 3, 2025 to shareholders who are on record as of the close of business on October 17, 2025. This action provides cash returns to current holders of First United’s Nasdaq-listed common shares.
Rudy Irvin Robert, a director of First United Corp (FUNC), reported a sale of 2,000 shares on 08/26/2025 at a price of $37.35 per share, reducing his beneficial ownership to 37,500 shares (direct). The filing notes that 1,500 shares had been transferred from the I.R. Rudy Business Trust to Mr. Robert's direct ownership on June 27, 2025. No derivative securities were reported. The Form 4 was signed by attorney-in-fact Tonya K. Sturm.
Form 4 – First United Corp. (FUNC)
SVP & COO Jason B. Rush bought 74.438 common shares on 08/04/2025 at $32.28 per share (transaction code "P") through the company’s dividend reinvestment program. His direct ownership therefore increased to 24,918.965 shares, which figure includes 78.3939 shares previously credited via dividend reinvestment.
No shares were sold and no derivative positions were reported. The gross purchase value is roughly US $2.4 k, a modest amount relative to the executive’s existing stake and FUNC’s market capitalisation. While insider accumulation by a senior officer can be interpreted as a vote of confidence, the filing provides no additional financial metrics or strategic commentary.
Form 4 discloses that Director Brian R. Boal of First United Corp. (FUNC) acquired additional common shares on 08/04/2025.
- Transaction: Purchase (code “P”) of 76.784 shares through a dividend-reinvestment program.
- Price: $32.28 per share.
- Post-transaction holding: 20,680.167 direct-owned shares.
- No derivative securities were reported.
The filing reflects routine reinvestment activity rather than a large open-market buy. While insider purchases are generally viewed as a modest positive signal, the quantity represents a negligible percentage of FUNC’s outstanding shares, implying limited market impact.