First United Bank Trust Lowers stake in First United Corp (FUNC)

First United Corp (FUNC) : First United Bank Trust reduced its stake in First United Corp by 4.15% during the most recent quarter end. The investment management company now holds a total of 223,138 shares of First United Corp which is valued at $2,476,832 after selling 9,661 shares in First United Corp , the firm said in a disclosure report filed with the SEC on Apr 11, 2016.First United Corp makes up approximately 2.25% of First United Bank Trust’s portfolio.

First United Corp opened for trading at $11.12 and hit $11.2299 on the upside on Friday, eventually ending the session at $11.1, with a gain of 1.83% or 0.2 points. The heightened volatility saw the trading volume jump to 4,924 shares. Company has a market cap of $69 M.

First United Corporation is a bank holding company. The Company’s primary business is serving as the parent company of First United Bank & Trust (the Bank) First United Statutory Trust I First United Statutory Trust II and First United Statutory Trust III. The Bank is an independent community bank providing a range of retail and commercial banking services to businesses and individuals in its market areas. The Bank offers services such as checking savings money market deposit accounts and certificates of deposit business loans personal loans mortgage loans lines of credit and consumer-oriented retirement accounts including individual retirement accounts (IRAs) and employee benefit accounts. In addition the Bank provides full brokerage services through a networking arrangement with Cetera Investment Services LLC. a broker dealer. The Bank also provides safe deposit and night depository facilities insurance products and trust services.

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