---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-125002"
form_type: "8-K"
ticker: "FUNC"
cik: "0000763907"
company_name: "FIRST UNITED CORP/MD/"
filed_at: "2023-12-11T23:59:59+00:00"
generated_at: "2026-06-07T15:18:21.303564+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# First United Corp to close 4 branches in Feb 2024; expects $1.3M costs, $1.0M annual savings

## Summary
- Closures: Cannery (Frederick, MD), White Oaks (Cumberland, MD), Bridgeport (Bridgeport, WV), Cheat Landing (Morgantown, WV).
- Total closure costs estimated at ~$1.3M, mainly from accelerated depreciation and leasing.
- Annual cost savings projected at ~$1.0M from the branch closures.
- Closures scheduled for February 2024.

## SEC filing metadata
- accession: 0001104659-23-125002
- form_type: 8-K
- ticker: FUNC
- cik: 0000763907
- company_name: FIRST UNITED CORP/MD/
- filed_at: 2023-12-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/763907/000110465923125002/0001104659-23-125002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763907/000110465923125002/tm2332643d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-125002
- JSON: https://secwatch.observer/filing/0001104659-23-125002.json
- Plain text: https://secwatch.observer/filing/0001104659-23-125002.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.