First United Corporation FUNC

Company Overview

First United Corporation is a U.S.-based financial holding company headquartered in Oakland, Maryland, operating primarily through its wholly owned banking subsidiary, First United Bank & Trust. The company provides commercial banking, consumer banking, mortgage lending, wealth management, and insurance-related financial services. It operates within the regional banking industry and derives most of its revenue from net interest income generated through commercial and consumer lending activities, supplemented by non-interest income from wealth management, service charges, and mortgage banking operations.

The company primarily serves individuals, small-to-mid-sized businesses, municipalities, and commercial customers across community banking markets in Maryland, West Virginia, Virginia, and parts of neighboring regions. Its strategic positioning centers on community-oriented banking combined with diversified financial services and localized customer relationships. First United traces its origins to 1900 through predecessor banking institutions and evolved into a multi-service regional financial institution through branch expansion, acquisitions, and the development of complementary businesses such as trust and wealth advisory services.