Driver Management Company LLC (together with its affiliates, "Driver" or "we"), one of the largest shareholders of First United Corporation (NASDAQ: FUNC) ("First United" or the "Company"), today made available additional documents demonstrating First United’s anti-shareholder practices and issued an open letter to shareholders. As a reminder, visit www.RenovateMyBank.com to review evidence pertaining to First United’s secretive, month-long campaign to lobby the Maryland Commissioner of Financial Regulation (the "Maryland Commissioner") to penalize Driver.
Driver Management Company LLC (together with its affiliates, "Driver" or "we"), the largest shareholder of First United Corporation (NASDAQ: FUNC) ("First United" or the "Company"), today announced that it has obtained documents that disprove First United’s repeated denials of meddling with shareholder rights and expose the Company’s scheme to leverage its close relationship with state regulators to punish shareholders who refuse to toe its line. A presentation summarizing First United’s desperate lobbying of the Maryland Commissioner of Financial Regulation (the "Maryland Commissioner") is available at www.RenovateMyBank.com.
First United Corporation, (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Company" or "First United"), today announced that it has earned a five-star rating from BauerFinancial, the nation's leading independent bank and credit union rating and research firm.
If you're interested in First United Corporation (NASDAQ:FUNC), then you might want to consider its beta (a measure of...
First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced earnings results for the three- month periods ended March 31, 2020 and 2019.
Driver Management Company LLC (together with its affiliates, "Driver" or "we"), one of the largest shareholders of First United Corporation (NASDAQ: FUNC) ("First United" or the "Company"), today announced that it reached an agreement (the "Agreement") with the Maryland Commissioner of Financial Regulation (the "Maryland Commissioner") to resolve an inquiry pertaining to Driver’s purchase of the Company’s common shares. A copy of the Agreement can be viewed at www.RenovateMyBank.com.
Some First United Corporation (NASDAQ:FUNC) shareholders are probably rather concerned to see the share price fall 48...
First United Corporation (NASDAQ: FUNC) ("First United" or the "Company"), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced that it mailed a letter to shareholders in connection with the Company's upcoming Annual Meeting of Shareholders (the "Annual Meeting") to be held on June 11, 2020. The full text of the letter is as follows.
Driver Management Company LLC ("Driver"), the manager of an investment partnership that holds more than 5% of the outstanding shares of First United Corporation ("First United" or the "Company") (NASDAQ: FUNC), has sent a letter to shareholders regarding its nomination of three candidates for election to First United’s Board of Directors (the "Board") at the 2020 Annual Meeting of Shareholders (the "2020 Annual Meeting") on June 11, 2020. Visit www.RenovateMyBank.com to read the letter and obtain information about how to vote for change on the WHITE Proxy Card.
Driver Management Company LLC ("Driver"), the manager of an investment partnership that is the largest shareholder (holding more than 5% of the outstanding shares) of First United Corporation, ("First United" or the "Company") (NASDAQ: FUNC), has sent a letter to John McCullough, First United’s Lead Director, demanding an explanation for the misleading voting information and irregular vote tallies in connection with First United’s 2010 proposal to declassify its Board of Directors (the "Board"). Visit www.RenovateMyBank.com to read the letter and obtain information about how to vote for change on the WHITE Proxy Card.
Driver Management Company LLC (together with its affiliates, "Driver" or "we"), the largest shareholder of First United Corporation (NASDAQ: FUNC) ("First United" or the "Company"), today disclosed that it has received a letter from the Maryland Commissioner of Financial Regulation (the "Maryland Commissioner") questioning Driver’s ability to vote its shares at First United’s Annual Meeting of Shareholders (the "Annual Meeting") on June 11, 2020. First United’s lobbying of the Maryland Commissioner puts any shareholder of a Maryland bank at risk of disenfranchisement if they express a view regarding that bank’s management, board of directors or strategic direction. This makes a mockery of the notion of shareholder rights, such as the right for shareholders to submit proposals pursuant to federal securities laws, nominate directors, call special meetings and generally communicate their views to management, boards of directors and fellow shareholders.
Unfortunately for some shareholders, the First United (NASDAQ:FUNC) share price has dived 45% in the last thirty days...
First United Corporation (NASDAQ: FUNC) ("First United" or the "Company"), a bank holding company and the parent company of First United Bank & Trust, today issued the following open letter to further clarify the Company's continued commitment to protecting the interests of all shareholders while ensuring compliance with all laws and regulations.
First United Corporation (NASDAQ: FUNC) ("First United" or the "Company"), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today issued the below statement in response to Driver Management Company LLC's ("Driver") press release filed on May 15, 2020:
First United Corporation (NASDAQ: FUNC) ("First United" or the "Company"), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced that it mailed a letter to shareholders in connection with the Company's upcoming Annual Meeting of Shareholders (the "Annual Meeting") to be held on June 11, 2020 to address certain misleading statements advanced by Driver Management Company LLC ("Driver").
Driver Management Company LLC (together with its affiliates, "Driver" or "we"), which is the largest shareholder of First United Corporation ("First United" or the "Company") (NASDAQ: FUNC), has sent a letter to fellow shareholders regarding its nomination of three candidates for election to First United’s Board of Directors (the "Board") at the 2020 Annual Meeting of Shareholders (the "2020 Annual Meeting") on June 11, 2020. The letter includes candid and comprehensive interviews with each of our nominees – Michael J. Driscoll, Ed.D, Ethan C. Elzen and Lisa Narrell-Mead – about their respective backgrounds and qualifications.
First United Corporation (NASDAQ: FUNC) ("First United" or the "Company"), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced that it mailed a letter to shareholders in connection with the Company's upcoming Annual Meeting of Shareholders (the "Annual Meeting") to be held on June 11, 2020. The full text of the letter sent on April 17, 2020, is as follows.
Driver Management Company LLC ("Driver"), the manager of an investment partnership that holds more than 5% of the outstanding shares of First United Corporation (NASDAQ: FUNC) ("First United" or the "Company"), today issued a letter to shareholders.
First United Corporation, (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Company" or "First United"), today announced that Carissa Rodeheaver, CEO, President and Chairman of the Board of Directors, has been named one of "Maryland's Top 100 Women" by The Daily Record.
First United Corporation (NASDAQ: FUNC) ("First United" or the "Company"), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today issued the below statement in response to Driver Management Company LLC's ("Driver") press release filed on May 26, 2020: