First United ( (FUNC) ) just unveiled an announcement.
On March 27, 2025, First United Bank & Trust and key executives Carissa L. Rodeheaver and Jason B. Rush amended their participation agreements under the Defined Benefit Supplemental Executive Retirement Plan. The amendments allow participants to alter the distribution method of their defined benefits, with specific conditions for changes involving lump sum payments, including interest accrual on postponed payments. This move provides flexibility in retirement planning for executives, potentially impacting the company’s executive compensation strategy.
More about First United
First United Corporation operates in the financial services industry, primarily through its wholly-owned subsidiary, First United Bank & Trust. The company focuses on providing banking services, including defined benefit supplemental executive retirement plans, to its clients.
YTD Price Performance: -8.03%
Average Trading Volume: 29,085
Technical Sentiment Signal: Sell
Current Market Cap: $199.3M
Learn more about FUNC stock on TipRanks’ Stock Analysis page.