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.
Company profile
Ticker
FUNC
Exchange
Website
CEO
Carissa Rodeheaver
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
First United Bank & Trust, a Maryland corporation • First United Legacy Advisors, LLC • OakFirst Loan Center, LLC • OakFirst Loan Center, Inc. • Liberty Mews Limited Partnership • MCC FUBT Fund, LLC • FUBT OREO I, LLC ...
IRS number
521380770
FUNC stock data
Latest filings (excl ownership)
8-K
Submission of Matters to a Vote of Security Holders
15 May 23
10-Q
2023 Q1
Quarterly report
12 May 23
8-K
2023 Annual Meeting of Shareholders’ Presentation
11 May 23
8-K
MyBank.com INVESTOR PRESENTATION First Quarter 2023
27 Apr 23
8-K
First United Corporation Announces First Quarter 2023 Earnings
25 Apr 23
S-3DPOS
Registration of securities, dividend or interest reinvestment plans, immediately effective (post-effective amendment)
4 Apr 23
DEF 14A
Definitive proxy
29 Mar 23
10-K
2022 FY
Annual report
24 Mar 23
8-K
Announces Second Quarter 2023 Dividend
9 Mar 23
8-K
FIRST UNITED CORPORATION INVESTOR PRESENTATION Fourth Quarter 2022
13 Feb 23
Latest ownership filings
Financial summary
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| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Institutional ownership, Q1 2023
29.7% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 34 |
| Opened positions | 2 |
| Closed positions | 5 |
| Increased positions | 8 |
| Reduced positions | 12 |
| 13F shares | Current |
|---|---|
| Total value | 31.86 bn |
| Total shares | 1.99 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Dimensional Fund Advisors | 336.63 k | $5.68 bn |
| Vanguard | 298.97 k | $5.04 bn |
| EJF Capital | 290.37 k | $4.90 bn |
| Basswood Capital Management, L.L.C. | 244.52 k | $4.12 bn |
| Gendell Jeffrey L | 149.22 k | $2.52 bn |
| Huber Capital Management | 113.97 k | $1.92 bn |
| BLK Blackrock | 81.26 k | $1.37 bn |
| Renaissance Technologies | 69.36 k | $1.17 mm |
| Bridgeway Capital Management | 68.85 k | $1.16 bn |
| Geode Capital Management | 48.79 k | $822.62 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Jun 23 | Shockley Marisa A. | Common Stock | Buy | Acquire P | No | No | 13.24 | 226 | 2.99 k | 24,056 |
| 24 May 23 | Barr John F. | Common Stock | Grant | Acquire A | No | No | 0 | 2,133 | 0.00 | 26,746 |
| 24 May 23 | Boal Brian R. | Common Stock | Grant | Acquire A | No | No | 0 | 2,133 | 0.00 | 16,861.045 |
| 24 May 23 | Christy DiPietro | Common Stock | Grant | Acquire A | No | No | 0 | 2,133 | 0.00 | 12,131 |
| 24 May 23 | Patricia Milon | Common Stock | Grant | Acquire A | No | No | 0 | 2,133 | 0.00 | 8,481 |