First United Corp 8-K, filed Nov 30, 2023
First United Corp/Md/ (FUNC)
About this 8-K
First United Corp filed this 8-K on November 30, 2023, reporting on events of November 29, 2023.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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INFORMATION TO BE INCLUDED IN THE REPORT
Item 8.01. Other Events.
On November 29, 2023, First United Corporation (the “Corporation”) announced that its Board of Directors declared a cash dividend of $.20 per share that will be payable on February 1, 2024, to holders of record of the Corporation’s common stock as of January 18, 2024. 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 November 29, 2023 (filed herewith) | |
| 104 | Cover page interactive data file (embedded within the iXBRL document) |
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: November 30, 2023 | By: | /s/ Tonya K. Sturm | |
| Tonya K. Sturm | |||
| Senior Vice President & CFO | |||
Exhibit 99.1
FIRST UNITED CORPORATION
ANNOUNCES FIRST QUARTER 2024 DIVIDEND
Oakland, Maryland, November 29, 2023 – First United Corporation (NASDAQ: FUNC) announces that its Board of Directors declared a cash dividend of $.20 per share that will be payable on February 1, 2024, to holders of record of the Corporation’s common stock as of January 18, 2024.
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 and a 99.9% non-voting membership interest in MCC FUBT Fund, LC, an Ohio limited liability company formed for the purpose of acquiring, developing and operating low-income housing units in Allegany County, Maryland. The Corporation’s website is www.mybank.com.