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Declares Cash Dividend - 09/15/2004
OAKLAND, Md., September 15, 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 September 15, 2004. The dividend will be payable on November 1, 2004 to shareholders of record as of October 15, 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, and Berkeley Counties in West Virginia. First United's website can be located at http://www.mybankfirstunited.com .

As of June 30, 2004, the Corporation posted assets of $1.16 billion.

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