First United Corporation Declares Cash Dividend

OAKLAND, Md., Dec. 20 /PRNewswire-FirstCall/ -- The Board of Directors of First United Corporation, a one-bank holding company headquartered in Oakland, Maryland, declared a cash dividend of $0.195 per share at its board meeting on December 20, 2006. The dividend will be payable on February 1, 2007 to shareholders of record as of January 15, 2007.

First United Corporation operates one full-service commercial bank, First United Bank & Trust. The bank has a network of community offices in Garrett, Allegany, Washington, and Frederick Counties in Maryland, as well as Mineral, Hardy, Berkeley and Monongalia Counties in West Virginia. First United's website can be located at http://www.mybankfirstunited.com/. As of September 30, 2006, the Corporation posted assets of $1.31 billion.