First United Bank

My Bank is passionate about people. In a time when it seems like so many banks are just the same, First United is here with the heart to be different. It’s not just that we’re locally owned with a team that lives and works in the places you call home, it’s that we’re dedicated to helping you. We build solutions that are so customized, you’d swear we only had one customer–you! That’s why our customers call us “My Bank.” We can’t wait for you to see just what we have to offer. Founded in 1900 and headquartered in Oakland, Maryland, First United has grown to serve communities through dozens of full-service offices throughout Maryland’s Garrett, Allegany, Washington and Frederick counties, and West Virginia’s Mineral, Monongalia and Berkeley counties. The bank is held by First United Corporation, a one bank holding company with over one billion dollars in assets.
Oakland, US
Size (employees)
303 (est)
First United Bank was founded in 1900 and is headquartered in Oakland, US

First United Bank Office Locations

First United Bank has an office in Oakland
Oakland, US (HQ)
12892 Garrett Hwy

First United Bank Metrics

First United Bank Financial Metrics

FY, 2013FY, 2014FY, 2015FY, 2016


$52.1 m

Accounts Receivable



$25.2 m


$11 m

Total Assets

$1.3 b

Accounts Payable

Total Debt

$183.4 m

Retained Earnings

$85.6 m

Total Equity

$120.8 m

Debt to Equity Ratio

1.5 x

Debt to Assets Ratio

0.1 x

Financial Leverage

11 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$6.4 m$5.6 m$10.9 m$7.3 m

Depreciation and Amortization

$1.8 m$1.7 m

Accounts Receivable


Accounts Payable

Cash From Operating Activities

$22.2 m$11.7 m

Purchases of PP&E

($5.1 m)($15 m)

Cash From Investing Activities

$18.8 m$11.7 m

Dividends Paid

($2.7 m)($2 m)

Cash From Financing Activities

($24.3 m)($12.2 m)

Interest Paid

$9.8 m$8.3 m

Income Taxes Paid

$125 k$540 k

First United Bank Market Value History

First United Bank Online Presence

First United Bank Company Life

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