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Home > Company Index > Banking > Banking - Mid-Atlantic > First United Corporation

First United Corporation
Nasdaq: FUNC
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 PROFILE
First United is the holding company for First United Bank & Trust. Founded in 1900, First United operates more than 20 branches in the counties that make up the panhandles of Maryland and West Virginia. The company provides trust services, mortgage banking, and investment options to individual and commercial customers. It also offers checking and savings accounts, money market accounts, IRAs and KEOGH accounts. Residential mortgages make up half of the loan portfolio; other lending activities include commercial, construction, and installment loans. Nonbank subsidiary Oakfirst Life Insurance reinsures life, accident, and health insurance on consumer loans made by the bank.

 COMPETITION
Bank of America Corporation (BAC)
F&M National Corporation (FMN)
SunTrust Banks, Inc. (STI)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 71.30
1-Yr. Sales Growth: 15.0%
Employees: 372
Revenue per employee: $191,666.67

 KEY PEOPLE
• William B. Grant
    CEO
• Robert W. Kurtz
    CFO

 CONTACT INFO
19 S. Second St.
Oakland, MD 21550
US
Phone: 301-334-9471
Fax: 301-334-8351
Online: Web Site

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