763907--3/12/2008--FIRST_UNITED

related topics

{stock, price, share}

{competitive, industry, competition}

{loan, real, estate}

{provision, law, control}

{regulation, government, change}

{condition, economic, financial}

{financial, litigation, operation}

{personnel, key, retain}

{loss, insurance, financial}

{product, market, service}

{acquisition, growth, future}

Risks Relating to the Corporation and its Affiliates The Corporation s future depends on the successful growth of its subsidiaries. The majority of our business is concentrated in Maryland and West Virginia; a significant amount of our business is concentrated in real estate lending. The Bank may experience loan losses in excess of its allowance. Interest rates and other economic conditions will impact our results of operations. The market value of our investments could decline. We operate in a competitive environment. The loss of key personnel could disrupt our operations and result in reduced earnings. The banking industry is heavily regulated; significant regulatory changes could adversely affect our operations. We may be adversely affected by recent legislation. We may be subject to claims and the costs of defensive actions. We may not be able to keep pace with developments in technology. Risks Relating to the Corporation s Common Stock The Corporation s ability to pay dividends is limited. Shares of the Corporation s common stock are not insured. Shares of the Corporation s common stock are not heavily traded. The Corporation s Articles of Incorporation and By-Laws may discourage a corporation takeover.

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763907--3/12/2008--FIRST_UNITED_CORP/MD/