46.36
+0.96%
Close of 9 Nov 2026, in USD
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About First United
From its filings with the US Securities and Exchange Commission
First United is based in Oakland, Maryland and is incorporated in Maryland. Its shares trade on Nasdaq under the ticker FUNC. The SEC classifies its business as national commercial banks. In the fiscal year to 31 December 2025, it reported revenue of $18.4m and net income of $24.5m. At that date it held total assets of $2.09bn and shareholders' equity of $203.6m.
First United Corporation is a Maryland corporation chartered in 1985 and a bank holding company registered with the Board of Governors of the Federal Reserve System (the “FRB”) under the Bank Holding Company Act of 1956, as amended, that elected financial holding company status in 2021. The Corporation’s primary business is serving as the parent company of First United Bank & Trust, a Maryland trust company (the “Bank”), First United Statutory Trust I (“Trust I”) and First United Statutory Trust II (“Trust II” and together with Trust I, the “Trusts”), both Connecticut statutory business trusts. The Trusts were formed for the purpose of selling trust preferred securities that qualified as Tier 1 capital. The Bank has two consumer finance company subsidiaries - OakFirst Loan Center, Inc., a West Virginia corporation, and OakFirst Loan Center, LLC, a Maryland limited liability company (together with OakFirst Loan Center, Inc., the “OakFirst Loan Centers”) - and one subsidiary that it uses to hold real estate acquired through foreclosure or by deed in lieu of foreclosure - First OREO Trust, a Maryland statutory trust.
Quoted from its 10-K, filed 10 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 2 Sept 1992
- Employees
- 315
- Website
- mybank.com ↗
- Head office
- 19 S SECOND ST, OAKLAND, MD, 21550
- Incorporated in
- MD
- Classification
- National Commercial Banks
- Filer status
- Accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Ms. Carissa RodeheaverChairman of the Board, President, Chief Executive Officer, since 2006$816,958
- Ms. Tonya SturmChief Financial Officer, Senior Vice President, Treasurer, Secretary
- Mr. Jason RushChief Operating Officer, Senior Vice President$471,395
- Mr. Robert FisherSenior Vice President, Chief Revenue Officer$463,781
- Ms. Julie PetersonSenior Vice President, Chief Credit Officer
- Mr. Keith SandersSenior Vice President, Chief Wealth Officer$217,827
- Mr. John BarrIndependent Director$57,140
- Mr. Brian BoalIndependent Director$62,240
- Ms. Sanu ChadhaIndependent Director$57,140
- Ms. Christy DipietroIndependent Director$58,540
- Mr. Kevin HesslerIndependent Director$58,040
- Ms. Patricia MilonIndependent Director$54,840
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 37
- Environment
- 2
- Social
- 37
- Governance
- 73
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- First United Corp has a strong financial position with consistent profitability and a healthy balance sheet. This provides them with the ability to invest in growth opportunities and withstand economic downturns.
- The company has a diverse range of products and services, including commercial and retail banking, investment services, and insurance, which supports multiple revenue streams and reduces reliance on any single segment.
- First United Corp has a loyal customer base due to its emphasis on providing excellent customer service. This helps in retaining existing customers and attracting new ones.
Weaknesses
- One of the weaknesses of First United Corp is its limited geographical presence. The company primarily operates in a specific region, which exposes it to localized economic risks and limits its opportunities for expansion.
- First United Corp may face challenges in adapting to rapidly evolving technological advancements. Inadequate investment in technology infrastructure may hinder their ability to compete with more technologically advanced competitors.
- The company's reliance on traditional banking channels and limited digital offerings may lead to a potential loss of market share to fintech companies and online banking platforms.
Opportunities
- First United Corp can explore opportunities for geographic expansion through strategic acquisitions or partnerships. This would allow the company to diversify its operations and reduce concentration risks.
- The growing demand for digital banking and online financial services presents an opportunity for First United Corp to enhance its technological capabilities and offer innovative digital solutions to customers.
- Expanding the range of products and services offered, such as introducing new wealth management options or specialized lending services, can help First United Corp capture additional market share and increase revenue streams.
Threats
- First United Corp faces increasing competition from larger national and international banks, which have greater resources and market presence. This competitive landscape may put pressure on the company's market share and profitability.
- Regulatory changes and compliance requirements pose a threat to First United Corp's operations, as non-compliance can result in fines and penalties. Adapting to evolving regulatory frameworks requires continuous monitoring and investment.
- Economic downturns and financial crises can negatively impact the banking industry as a whole, potentially affecting First United Corp's profitability and asset quality.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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