Business
First United Responds to Driver's False and Misleading Statements
Sets the Record Straight About Maryland's Regulatory Finding that Driver Acquired Shares of First United in Violation of Maryland Law Denies Driver's
About this update from First
[{"type":"text","content":"Sets the Record Straight About Maryland's Regulatory Finding that Driver Acquired Shares of First United in Violation of Maryland Law\n Denies Driver's Defamatory and Baseless Allegations - First United Did Not Influence or Control the Outcome of Maryland's Investigation into Driver\n Warns Shareholders to Ignore Driver's Continued Efforts to Deceive Shareholders\n Vote on the BLUE Proxy Card Today for First United's Highly Qualified Candidates: John W. McCullough; John F. Barr; Brian R. Boal; and Marisa A. Shockley\n First United Reminds Shareholders to Revoke Votes on Driver's WHITE Card by Voting on First United's BLUE Card\n\n\nOAKLAND, Md., May 18, 2020 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) (\"First United\" or the \"Company\"), a bank holding company and the parent company of First United Bank & Trust (the \"Bank\"), today issued the below statement in response to Driver Management Company LLC's (\"Driver\") press release filed on May 15, 2020:\nGiven the breadth of Driver's misrepresentations, which were stated as fact in its press release dated Friday, May 15, we will not respond to each of them individually, but we will simply state the following: First United did not instigate, direct or control the investigation into Driver's acquisition of the Company's shares, nor did any of First United's executives use their positions or relationships with trade associations to influence the investigation. To suggest otherwise is factually incorrect. Driver should have been aware of the relevant regulations and complied with them before making its investment in First United. Any failure to comply with Maryland law should not be \"mind-boggling\" or \"bizarre\" to Driver and is the sole responsibility and fault of Driver and no one else.\nYOUR VOTE IS IMPORTANT\nVOTE FOR FIRST UNITED'S NOMINEES ON THE BLUE PROXY CARD TODAY\nIf you have already voted a WHITE proxy card, you may revoke that vote by voting the enclosed BLUE proxy card today. \nIf you have any questions or require any assistance with respect to voting your shares, please contact the Company's proxy solicitor, Morrow Sodali LLC:\n509 Madison Avenue, Suite 1206New York, NY 10022Toll Free: (800) 662-5200E-mail: [email protected]\nShareholder ContactMorrow Sodali LLCMike Verrechia/Bill Dooley(800) [email protected]\nM...