FIRST UNITED CORPORATION ANNOUNCES THIRD QUARTER 2024 DIVIDEND

Company Overview - First United Corporation is the parent company of First United Bank & Trust, which operates as a Maryland trust company with commercial banking powers [3] - The Bank has several wholly-owned subsidiaries, including OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, which are finance companies [3] - The Bank also owns interests in real estate entities formed for holding, servicing, and disposing of properties acquired through foreclosure [3] Dividend Announcement - The Board of Directors of First United Corporation declared a cash dividend of $0.20 per share [2] - This dividend will be payable on August 1, 2024, to shareholders of record as of July 18, 2024 [2]