First United Corp 8-K, filed Sep 25, 2020
First United Corp/Md/ (FUNC)
About this 8-K
First United Corp filed this 8-K on September 25, 2020, reporting on events of September 24, 2020.
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 September 24, 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 November 2, 2020 to holders of record of the Corporation’s common stock as of October 16, 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 September 24, 2020 (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: September 25, 2020 | By: | /s/ | Tonya K. Sturm |
| Tonya K. Sturm | |||
| Senior Vice President & CFO | |||
Exhibit 99.1
FIRST UNITED CORPORATION
ANNOUNCES FOURTH QUARTER 2020 DIVIDEND
Oakland, Maryland, September 24, 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 November 2, 2020 to holders of record of the Corporation’s common stock as of October 16, 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.