First United appoints Jason Rush as new CEO

First United ( (FUNC) ) has shared an announcement.

Effective January 1, 2026, longtime executive Carissa L. Rodeheaver moved from her role as Chairman, President and Chief Executive Officer of First United Corporation and First United Bank & Trust to become Executive Chairman, retaining board leadership responsibilities while overseeing regulatory examinations, year-end reporting, annual meeting planning and investor relations, and advising the new CEO on management succession. On the same date, industry veteran Jason B. Rush, a First United employee since 1993 who most recently served as Senior Vice President and Chief Operating Officer, was appointed President and Chief Executive Officer of both the Corporation and the Bank with an annual base salary of $450,000, marking a planned internal leadership transition with no related-party transactions requiring disclosure since the start of the 2024 fiscal year.

The most recent analyst rating on (FUNC) stock is a Buy with a $42.00 price target. To see the full list of analyst forecasts on First United stock, see the FUNC Stock Forecast page.

Spark’s Take on FUNC Stock

According to Spark, TipRanks’ AI Analyst, FUNC is a Outperform.

First United’s overall stock score reflects strong technical indicators and reasonable valuation, offset by challenges in revenue growth and cash flow stability. The company’s solid profitability and recent positive corporate events support its market position, but the significant revenue decline remains a concern.

To see Spark’s full report on FUNC stock, click here.

More about First United

First United Corporation operates as the parent company of First United Bank & Trust, a regional banking institution that provides traditional banking and financial services through its bank subsidiary.

Average Trading Volume: 23,471

Technical Sentiment Signal: Buy

Current Market Cap: $247.1M

For a thorough assessment of FUNC stock, go to TipRanks’ Stock Analysis page.