First United Corporation is a financial holding company. The Company�s primary business is serving as the parent company of First United Bank & Trust, a Maryland trust company (the Bank), First United Statutory Trust I (Trust I) and First United Statutory Trust II (Trust II), both Connecticut statutory business trusts, and First United Statutory Trust III, a Delaware statutory business trust (Trust III and together with Trust I and Trust II, the Trusts). The Trusts were formed for the purpose of selling trust preferred securities. The Bank has three wholly owned subsidiaries: OakFirst Loan Center, Inc., OakFirst Loan Center, LLC and First OREO Trust. As of December 31, 2011, the Company had total assets of approximately $1.39 billion, net loans of approximately $919 million, and deposits of approximately $1.03 billion. Shareholders� equity as of December 31, 2011, was approximately $96.7 million.