OAKLAND, Md., September 17, 2003 -- The Board of Directors of First United Corporation, a one-bank holding company headquartered in Oakland, Maryland, declared a cash dividend of $0.175 per share at its board meeting on September 17, 2003. The dividend will be payable on November 1, 2003 to shareholders of record as of October 17, 2003.

First United Corporation (Nasdaq: FUNC) operates one full-service commercial bank, First United Bank & Trust. The bank has a network of community offices in Garrett, Allegany, Washington, and Frederick Counties in Maryland, as well as Mineral, Hardy, Hampshire and Berkeley Counties in West Virginia.

As of June 30, 2003, the Corporation posted assets of $1.00 billion.