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): February 14, 2003
First United Corporation
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(Exact name of registrant as specified in its charter)
Maryland 0-14237 52-1380770
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(State or other jurisdiction of (Commission file number) (IRS Employer
incorporation or organization) Identification No.)
19 South Second Street, Oakland, Maryland 21550
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(Address of principal executive offices) (Zip Code)
(301) 334-9471
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(Registrant's telephone number, including area code)
N/A
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(Former Name or Former Address, if Changed Since Last Report)
ITEM 5. Other Event
On February 13, 2003, First United Corporation (the "Company") announced that
the Company and its bank subsidiary, First United Bank & Trust, a Maryland trust
company, have entered into a Purchase and Assumption Agreement with Huntington
Bancshares Incorporated and its bank subsidiary, The Huntington National Bank, a
national banking association, to purchase four Huntington National Bank offices
and a commercial banking center, all located in Berkeley County, West Virginia.
The Purchase and Assumption Agreement calls for the assumption of certain
deposit liabilities and the purchase of certain outstanding loans, as well as
the purchase of certain real estate interests associated with the banking
offices. The acquisition is subject to, among other things, the receipt of
various bank regulatory approvals. The Purchase and Assumption Agreement dated
February 13, 2003 is filed herewith as Exhibit 2.1 and is incorporated herein by
reference.
The foregoing descriptions of the Purchase and Assumption Agreement, and the
transactions contemplated thereby, do not purport to be complete and are
qualified in their entirety by reference to the Purchase and Assumption
Agreement, attached as an exhibit hereto. A press release issued by the Company
on February 14, 2003 announcing the execution of the Purchase and Assumption
Agreement is also attached hereto as Exhibit 99.1 and is incorporated herein by
reference.
ITEM 7. Financial Statements and Exhibits.
(c) Exhibit 2.1 Purchase and Assumption Agreement dated February 13, 2003
Exhibit 99.1 Press Release dated February 13, 2003.
The following list identifies the contents of all omitted exhibits in Exhibit
2.1:
Exhibit No. Description
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2.1(a) List of Operating Contracts
2.1(b) List of Excluded Assets
2.4(b) List of Excluded Loans
2.4(j) Form of Power of Attorney
3.2(b)(1) Form of Warranty Deed
3.2(b)(2) Form of Bill of Sale
3.2(b)(3) Form of Assignment and Assumption Agreement
3.2(b)(4) Form of Assignment and Assumption of Lease
3.2(b)(15) Form of Closing Statement
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The Company agrees to furnish supplementally a copy of any omitted exhibit to
the Commission upon request.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
FIRST UNITED CORPORATION
Dated: February 14, 2003 By: /s/ Robert W. Kurtz
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Robert W. Kurtz
President and CFO
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EXHIBIT INDEX
Exhibit
Number Description
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Exhibit 2.1 Purchase and Assumption Agreement dated February 13, 2003
Exhibit 99.1 Press Release dated February 13, 2003.