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 Corp (FUNC) lists director Steven Richard Stuck with 0 shares of common stock held directly as of September 24, 2026.
First United Corp (FUNC) lists director Nina Andreya Beitzel with 0 shares of Common Stock held directly as of September 24, 2026.
First United Corporation (FUNC) elected Steven R. Stuck, Shawn Bender and Nina Beitzel as directors effective September 24, 2026. They will serve until the 2027 annual meeting and until successors are elected and qualify, and will also serve on the board of wholly owned subsidiary First United Bank & Trust. The board expects to appoint Stuck to its Audit, Risk and Compliance, and ALCO committees; Bender to Trust, Risk and Compliance, and ALCO; and Beitzel to Trust, Loan, and ALCO.
For the period between their election and the 2027 annual meeting, each will receive an $8,750 cash retainer and 583 fully vested common shares. They may elect to receive some or all of the cash retainer in shares. Stuck is CEO and owner of Stuck Enterprises, Bender is CEO of Beitzel Corporation, and Beitzel is vice president and partner of Railey Realty.
First United Corporation declared a cash dividend of $0.28 per share on its common stock. The dividend is payable November 2, 2026, to holders of record as of the close of business October 19, 2026.
First United Corporation reported net income of $12.3 million for the six months ended June 30, 2026, up from $11.8 million a year earlier, as net interest income increased to $36.7 million from $32.7 million and total other operating income rose to $10.7 million from $10.0 million. Higher salaries, professional services and other expenses lifted total other operating expenses to $29.5 million from $25.6 million, and second‑quarter net income declined modestly to $5.7 million from $6.0 million.
Total assets were $2.08 billion at June 30, 2026, with net loans growing to $1.55 billion from $1.50 billion and total deposits essentially flat at $1.74 billion. The allowance for credit losses on loans increased to $20.6 million, while nonaccrual loans were $4.5 million and accruing loans 30 days or more past due represented 0.50% of loans, compared with 0.32% at year‑end, largely due to one large commercial credit.
Shareholders’ equity increased to $212.4 million from $203.6 million, supported by higher retained earnings and improved accumulated other comprehensive loss. The company repurchased common stock and paid common dividends of $0.52 per share in the first half, up from $0.44 per share a year earlier.
First United Corp (FUNC) reporting person Carissa Lynn Rodeheaver, a retired director, recorded two dividend-reinvestment purchases of common stock on August 3, 2026, totaling 139.9375 shares at per-share prices of $45.32 and $45.84. Indirect holdings after these updates were 87.3475 shares held by her spouse as UTMA custodian for their son and 948.9095 shares held through a 401(k) plan, with each indirect position including additional shares acquired under the company’s Dividend Reinvestment and Stock Purchase Plan.
First United Corp/MD/ Chairman, President & CEO Jason Barry Rush purchased 63.671 shares of common stock on August 3, 2026 at $45.84 per share through a dividend reinvestment program. Following this automatic purchase, he directly owns 27,311.0447 shares, including 80.5343 shares from reinvested dividends since the prior report.
Tonya K. Sturm, EVP & CFO of First United Corporation, reported purchasing 2.469 shares of common stock on August 3, 2026 at $45.84 per share through a dividend reinvestment program. After these and prior DRSPP acquisitions, she directly owns 11,835.0907 shares and indirectly holds 5.5749 shares via a 401(k) plan.
First United Corp. director Brian R. Boal reported purchasing 73.5910 shares of Common Stock on August 3, 2026 at $45.8400 per share through a dividend reinvestment program in his brokerage account. Following this transaction, he directly owns 22,385.9990 shares.
First United Corp. executive Robert L. Fisher II, EVP & Chief Banking Officer, sold 5,250 shares of Common Stock on 2026-07-28 at $45.29 per share in a sale categorized as an open market or private transaction. Following the sale, he directly owns 9,105 shares. The transaction was not indicated as being made under a Rule 10b5-1 trading plan.