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Section 1: 8-K (8-K)

2nd Qtr 2020 Divdend Decl





UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549



FORM 8-K



CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934



Date of Report (Date of earliest event reported):  March 26, 2020



First United Corporation

(Exact name of registrant as specified in its charter)



Maryland

0-14237

52-1380770

(State or other jurisdiction of
incorporation or organization)

(Commission file number)

(IRS Employer
Identification No.)



19 South Second Street, Oakland, Maryland 21550

(Address of principal executive offices) (Zip Code)



(301) 334-9471

(Registrant’s telephone number, including area code)



N/A

(Former Name or Former Address, if Changed Since Last Report)



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:



  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)



  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)



  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))



  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



Securities registered pursuant to Section 12(b) of the Act:

 



 

 

Title of each class

Trading Symbols

Name of each exchange on which registered

Common Stock

FUNC

Nasdaq Stock Market



Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company 



If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 







 


 

INFORMATION TO BE INCLUDED IN THE REPORT



Item 8.01.  Other Events.



On March 26, 2020, First United Corporation (the “Corporation”) announced that its Board of Directors declared a cash dividend of $.13 per share that will be payable on May 1, 2020 to holders of record of the Corporation’s common stock as of April 17, 2020.  A copy of the Corporation’s announcement is filed as Exhibit 99.1 to this report and is incorporated herein by reference. 



Item 9.01.  Financial Statements and Exhibits.



(d)  Exhibits. 



The exhibits filed or furnished with this report are listed in the following Exhibit Index:



Exhibit No.

 

Description

99.1

 

Press release dated March 26, 2020 (filed herewith)



 


 

SIGNATURES



Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.







 

FIRST UNITED CORPORATION



 

 

 

 



 

 

 

 



 

 

 

 

Dated:  March 27, 2020

 

By:

/s/

Tonya K. Sturm



 

 

 

Tonya K. Sturm



 

 

 

Senior Vice President & CFO




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Section 2: EX-99.1 (EX-99.1)

2nd Qtr 2020 Div 991

Exhibit 99.1

 



FIRST UNITED CORPORATION

ANNOUNCES SECOND QUARTER 2020 DIVIDEND



Oakland, Maryland, March 26, 2020 – First United Corporation (NASDAQ: FUNC) announces that its Board of Directors declared a cash dividend of $.13 per share that will be payable on May 1, 2020 to holders of record of the Corporation’s common stock as of April 17, 2020.



About First United Corporation



First United Corporation is the parent company of First United Bank & Trust, a Maryland trust company with commercial banking powers.  The Bank’s wholly-owned subsidiaries include OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, both of which are finance companies, and First OREO Trust and FUBT OREO I, LLC, both of which were formed for the purposes of holding, servicing and disposing of the real estate that the Bank acquires through foreclosure or by deed in lieu of foreclosure.  The Bank also owns 99.9% of the limited partnership interests in Liberty Mews Limited Partnership, which was formed for the purpose of acquiring, developing and operating low-income housing units in Garrett County, Maryland.  The Corporation’s website is www.mybank.com




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