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Company Description (as filed with the SEC)
First United Corporation is a Maryland corporation chartered in 1985 and a bank holding company registered with the Federal Reserve under the Bank Holding Company Act of 1956, as amended (the "BHC Act"). Between July 1, 1985 and September 2014, the Corporation was registered with the Federal Reserve as a financial holding company under the federal Gramm-Leach-Bliley Act (the "GLB Act"). The Corporation terminated its election to operate as a financial holding company because it is not engaged, and does not anticipate engaging in the foreseeable future, in any activity that requires that election. The termination is not expected to have any material impact on our future financial condition or results of operations. ... More ...