Market Summary of Stock*
First United Corporation's common stock trades on The Nasdaq Stock Market. The following summary reflects the high and low trades during the period, as well as the closing price for the years ended December 31, 2001 and 2000.

*Quotes on the common stock are listed on The Nasdaq Stock Market under the symbol "FUNC." Market makers for the stock are:

Ferris, Baker Watts
12 North Liberty Street
Cumberland, MD 21502
(301) 724-7161
(800) 776-0629

113 South Potomac Street
Hagerstown, MD 21740
(301) 733-7111
(800) 344-4413

Advest, Inc.
90 State House Square
Hartford, CT 06103
(860) 509-1000
(860) 797-9642

Scott & Stringfellow, Inc.
909 East Main Street
Richmond, VA 23219
(804) 643-1811
(800) 552-7757
Contact:
Corporate Finance, Gary Penrose (804) 782-8741
Research: Cary Morris (804) 782-8833
Trading: Linda Ludeke (804) 780-3241

Cash Dividends
Cash dividends were paid by the Corporation on the dates indicated in the following manner:

If you need assistance in any of the following areas:

• change in registration
• reporting lost certificates
• nonreceipt or loss of dividend checks
• information on the dividend reinvestment plan

Please contact our transfer agent at:

Mellon Investor Services, LLC
85 Callenger Road, Overpeck Centre
Ridgefield Park, NJ 07660
www.mellon-investor.com
First United's Direct Line:
1-800-953-2593

S.E.C. Form 10-K
The Corporation files an annual report on Form 10-K with the Securities and Exchange Commission. A copy of this statement will be sent without charge to any shareholder who requests it in writing to:

   Robert W. Kurtz, Secretary
   First United Corporation
   c/o First United Bank & Trust
   P.O. Box 9, Oakland, MD 21550-0009

Shareholders' Meeting
The annual shareholders' meeting will be held on:
   Tuesday, April 23, 2002, 3:00 p.m.
   Wisp at Deep Creek Mountain Resort
   McHenry, MD 21541