First United authorizes repurchase of up to 825,000 shares (5% of common stock)

FIRST UNITED CORP/MD/

Board approved a 12-month stock repurchase program on August 21, 2023 for up to 825,000 shares (5.0% of outstanding).
Purchases may occur in open market or privately-negotiated transactions at management's discretion.
Repurchases subject to securities laws, Rule 10b-18, and company blackout policy; no obligation to buy any shares.
Program effective immediately; any purchases will be disclosed in periodic SEC filings.

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