FUNC - First United Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

First United Corporation

19 South Second Street
Oakland, MD 21550
United States
301-334-9471
http://www.mybank.com

SectorFinancial Services
IndustryBanks - Regional - US
Full Time Employees314

Key Executives

NameTitlePayExercisedYear Born
Ms. Carissa L. Rodeheaver CPA, CPA, CFPChairman, Pres & CEO393.5kN/A1966
Mr. Jason B. RushSr. VP & COO208.36kN/A1971
Mr. Robert L. Fisher IISr. VP & Chief Revenue Officer277.15kN/A1969
Ms. Tonya K. SturmSr. VP, Sec., Treasurer & CFON/AN/A1967
Ms. Beverly A. SinesSr. VP & Chief Credit OfficerN/AN/A1959
Amounts are as of December 31, 2018 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

First United Corporation operates as the holding company for First United Bank & Trust that provides various retail and commercial banking services to businesses and individuals. The company offers various deposit products, including checking accounts, savings and money market accounts, regular and individual retirement accounts (IRA) certificates of deposit, Christmas savings accounts, college savings accounts, and health savings accounts; Certificate of Deposit Account Registry Service program and Insured Cash Sweep program to municipalities, businesses, and consumers; and commercial customers packages, which include treasury management, cash sweep, and various checking opportunities. It also provides loans, such as commercial loans secured by real estate, commercial equipment, vehicles, or other assets of the borrower; commercial real estate loans for residential and commercial development, agricultural purpose properties, and service industry buildings; residential mortgage loans; home equity lines of credit; residential real estate construction loans; indirect and direct auto loans; and other secured and unsecured lines of credit and term loans. In addition, the company offers various trust services, including personal trust, investment agency accounts, charitable trusts, retirement accounts that consist of IRA roll-overs, 401(k) accounts and defined benefit plans, estate administration, and estate planning services; insurance products; brokerage services; and safe deposit, and night depository facilities. It operates 25 banking offices, 1 call center, and 26 automated teller machines in Allegany, Frederick, Garrett, and Washington counties in Maryland; and in Mineral, Berkeley, and Monongalia counties in West Virginia. First United Corporation was founded in 1900 and is headquartered in Oakland, Maryland.

Corporate Governance

First United Corporation’s ISS Governance QualityScore as of April 1, 2019 is 6. The pillar scores are Audit: 1; Board: 5; Shareholder Rights: 8; Compensation: 7.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.