First United CEO Carissa Rodeheaver Announces Retirement; Jason Rush Set to Take Over
Retirement Announcement: Carissa Rodeheaver, Chairman, President, and CEO of First United, will retire after the 2026 annual meeting of shareholders on May 7, 2026.
Succession Plan: Effective January 1, 2026, Rodeheaver will transition to Executive Chairman, with Jason Rush set to succeed her as President and CEO of both the Corporation and the Bank.
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First United Corporation Declares $0.26 Cash Dividend Payable February 2, 2026
- Dividend Announcement: First United Corporation has declared a cash dividend of $0.26 per share, payable on February 2, 2026, aimed at rewarding shareholders and enhancing investor confidence.
- Record Date for Shareholders: The record date for this dividend is January 16, 2026, ensuring that investors holding shares by this date will receive the dividend, thereby strengthening the relationship between the company and its shareholders.
- Company Background: First United Corporation serves as the parent company of First United Bank & Trust, which provides commercial banking services in Maryland and operates several financial subsidiaries, highlighting its significant role in the local economy.
- Low-Income Housing Investment: The company is involved in the development and operation of low-income housing through its subsidiaries, indicating a commitment to social responsibility and community development, which may enhance its brand image and attract more investor interest.
First United Corporation Reveals Upcoming Retirement of Chairman, President, and CEO Carissa L. Rodeheaver
Retirement Announcement: Carissa L. Rodeheaver, Chairman, President, and CEO of First United Corporation, will retire after the 2026 annual meeting, transitioning to Executive Chairman until her retirement in May 2026.
Leadership Achievements: Under Rodeheaver's leadership since 2016, First United experienced significant growth, record financial performance, and enhanced its reputation through community-focused initiatives and digital transformation.
Succession Plan: Jason B. Rush, currently Senior Vice President & COO, will succeed Rodeheaver as President and CEO effective January 1, 2026, following a planned succession strategy.
Future Plans: After retirement, Rodeheaver will provide advisory support for a smooth transition while focusing on personal interests such as family and travel.
