OAKLAND, Md., June 16, 2004 -- 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 June 16, 2004. The dividend will be payable on August 1, 2004 to shareholders of record as of July 16, 2004.

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 March 31, 2004, the Corporation posted assets of $1.15 billion.