First United's problem is not its branding or branches, but rather a board of directors that has been ignoring shareholders' concerns and refusing to take the steps required to maximize shareholder value.
Instead of renovating branches, it is time to renovate the board of directors.
About Renovate My Bank
Driver Management Company LLC ("Driver") is one of First United’s biggest stockholders and is committed to holding the Board of Directors (the "Board") accountable to all stakeholders. Driver believes that all stakeholders would benefit from a Board that is not entrenched and is actually committed to the objective exercise of its fiduciary duties, without regard to personal gain or prestige. Driver believes that such a Board would recognize that the best path forward for First United would be to immediately explore all strategic alternatives, including a sale or merger with a larger financial institution.
The views expressed on this website represent the opinions of Driver Management Company LLC (“Driver Management”) and certain of its affiliates (collectively, the “Sponsor”), which beneficially own shares of First United Corporation (the “Company”) and are based on publicly available information with respect to the Company. Driver recognizes that there may be confidential information in the possession of the Company that could lead it or others to disagree with Driver’s conclusions. Driver reserves the right to change any of its opinions expressed herein at any time as it deems appropriate and disclaims any obligation to notify the market or any other party of any such changes. Driver disclaims any obligation to update the information or opinions contained on this website.
Nothing on this Site is intended to be, nor should it be construed or used as, investment, tax, legal or financial advice, an opinion of the appropriateness of any security or investment, or an offer, or the solicitation of any offer, to buy or sell any security or investment. The Sponsor is not responsible for any decision made by any shareholder.