OAKLAND, Md., December 17, 2003 -- The Board of Directors of First United Corporation, a one-bank holding company headquartered in Oakland, Maryland, declared a cash dividend of $0.18 per share at its board meeting on December 17, 2003. The dividend will be payable on February 1, 2004 to shareholders of record as of January 16, 2004.

First United Corporation (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 September 30, 2003, the Corporation posted assets of $1.12 billion.