<SEC-DOCUMENT>0001477932-19-006055.txt : 20191029
<SEC-HEADER>0001477932-19-006055.hdr.sgml : 20191029
<ACCEPTANCE-DATETIME>20191029091240
ACCESSION NUMBER:		0001477932-19-006055
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20191029
DATE AS OF CHANGE:		20191029
GROUP MEMBERS:		DRIVER OPPORTUNITY PARTNERS I LP, DRIVER MANAGEMENT CO LLC, J. ABBOTT R. COOPER

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST UNITED CORP/MD/
		CENTRAL INDEX KEY:			0000763907
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				521380770
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-40814
		FILM NUMBER:		191174692

	BUSINESS ADDRESS:	
		STREET 1:		19 S SECOND ST
		CITY:			OAKLAND
		STATE:			MD
		ZIP:			21550
		BUSINESS PHONE:		3013349471

	MAIL ADDRESS:	
		STREET 1:		19 S SECOND ST
		CITY:			OAKLAND
		STATE:			MD
		ZIP:			21550

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Driver Management Co LLC
		CENTRAL INDEX KEY:			0001756372
		IRS NUMBER:				831994022
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		250 PARK AVENUE
		STREET 2:		7TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10177
		BUSINESS PHONE:		212-572-4811

	MAIL ADDRESS:	
		STREET 1:		250 PARK AVENUE
		STREET 2:		7TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10177
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>func_sc13da.htm
<DESCRIPTION>SC 13D/A
<TEXT>
<html><head><title>func_sc13da.htm</title><!--Document Created by EDGARMaster--></head><BODY spellcheck="true" style="text-align:justify;font:10pt TIMES NEW ROMAN;margin:0px 7%"><p style="MARGIN: 0px"><table style="FONT-SIZE: 1px" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td><div style="HEIGHT: 4px; WIDTH: 100%; BACKGROUND: #000000; MARGIN: 0px 0px 2px" name="hrule"></div><div style="HEIGHT: 2px; WIDTH: 100%; BACKGROUND: #000000" name="hrule"></div></td></tr></table></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="center"><font size="3"><b>SECURITIES AND EXCHANGE COMMISSION</b></font></p><p style="MARGIN: 0px" align="center"><font size="3"><b>WASHINGTON, DC 20549</b></font></p><p style="MARGIN: 0px" align="center">&nbsp;</p><p style="MARGIN: 0px" align="center"><b><font size="5">SCHEDULE 13D</font></b></p><p style="MARGIN: 0px" align="center"><b>(Rule 13d-101)</b></p><p style="MARGIN: 0px" align="center">&nbsp;</p><p style="MARGIN: 0px" align="center"><b>INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT</b></p><p style="MARGIN: 0px" align="center"><b>TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO</b></p><p style="MARGIN: 0px" align="center"><b>RULE 13d-2(a)</b></p><p style="MARGIN: 0px" align="center">&nbsp;</p><p style="MARGIN: 0px" align="center">(Amendment No. 7)<sup>1</sup></p><p style="MARGIN: 0px" align="center">&nbsp;</p><p style="MARGIN: 0px" align="center"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="60%" align="center" bgcolor="#ffffff" border="0"><tr><td style="BORDER-BOTTOM: black 1px solid" valign="top"><p align="center"><font size="5"><b>First United Corporation</b></font></p></td></tr><tr><td valign="top"><p align="center">(Name of Issuer)</p></td></tr></table></p><p style="MARGIN: 0px">&nbsp;&nbsp;</p><p style="MARGIN: 0px" align="center"><u><b>Common Stock, $0.01 par value</b></u></p><p style="MARGIN: 0px" align="center">(Title of Class of Securities)</p><p style="MARGIN: 0px" align="center">&nbsp;</p><p style="MARGIN: 0px" align="center"><u><b>33741H107</b></u></p><p style="MARGIN: 0px" align="center">(CUSIP Number)</p><p style="MARGIN: 0px" align="center">&nbsp;</p><p style="MARGIN: 0px" align="center"><b>J. ABBOTT R. COOPER</b></p><p style="MARGIN: 0px" align="center"><b>DRIVER MANAGEMENT COMPANY LLC</b></p><p style="MARGIN: 0px" align="center"><b>250 Park Avenue</b></p><p style="MARGIN: 0px" align="center"><b>7th Floor</b></p><p style="MARGIN: 0px" align="center"><b>New York, NY 10177</b></p><p style="MARGIN: 0px" align="center"><b><u>(212) 572-4811</u>&nbsp;</b></p><p style="MARGIN: 0px" align="center">(Name, Address and Telephone Number of Person</p><p style="MARGIN: 0px" align="center">Authorized to Receive Notices and Communications)</p><p style="MARGIN: 0px" align="center">&nbsp;</p><p style="MARGIN: 0px" align="center"><u><b>October 24, 2019</b></u></p><p style="MARGIN: 0px" align="center">(Date of Event Which Requires Filing of This Statement)</p><p style="MARGIN: 0px" align="center">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box <font style="FONT-FAMILY: Wingdings">o</font>.</p><p style="MARGIN: 0px; TEXT-INDENT: 45px">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify"><i>Note.</i> Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. <i>See</i> Rule 13d-7 for other parties to whom copies are to be sent.</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="center">(Continued on following pages)</p><p style="MARGIN: 0px" align="center">&nbsp;</p><p style="MARGIN: 0px" align="left"><sup>________________________</sup></p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="left"><sup>1 </sup>The remainder of this cover page shall be filled out for a reporting person&#8217;s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="left">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">The information required on the remainder of this cover page shall not be deemed to be &#8220;filed&#8221; for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, <i>see</i> the <i>Notes</i>).</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="left"><table style="FONT-SIZE: 1px" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td><div style="HEIGHT: 2px; WIDTH: 100%; BACKGROUND: #000000; MARGIN: 0px 0px 2px" name="hrule"></div><div style="HEIGHT: 4px; WIDTH: 100%; BACKGROUND: #000000" name="hrule"></div></td></tr></table></p><p style="MARGIN: 0px"><table class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td>&nbsp;</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div>&nbsp;</td></tr><tr><td>&nbsp;</td></tr></table></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><table style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" width="8%"><p style="MARGIN: 0px" align="center">1</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">NAME OF REPORTING PERSONS</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">Driver Opportunity Partners I LP</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">2</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* </p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">(a) <font style="FONT-FAMILY: Wingdings">x</font></p><p style="MARGIN: 0px">(b) <font style="FONT-FAMILY: Wingdings">&#168;</font></p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">3</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">SEC USE ONLY</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">4</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">SOURCE OF FUNDS</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">WC, OO</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">5</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><font style="FONT-FAMILY: Wingdings">&#168;</font></p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">6</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">CITIZENSHIP OR PLACE OF ORGANIZATION</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">Delaware</p></td></tr></table></p>&nbsp; <table style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="middle" rowspan="4" width="12%"><p style="MARGIN: 0px" align="center">NUMBER OF</p><p style="MARGIN: 0px" align="center">SHARES </p><p style="MARGIN: 0px" align="center">BENEFICIALLY</p><p style="MARGIN: 0px" align="center">OWNED BY</p><p style="MARGIN: 0px" align="center">EACH</p><p style="MARGIN: 0px" align="center">REPORTING </p><p style="MARGIN: 0px" align="center">PERSON WITH</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" width="8%"><p style="MARGIN: 0px" align="center">7</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px">SOLE VOTING POWER</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">360,637</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">8</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px">SHARED VOTING POWER</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">- 0 -</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">9</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px">SOLE DISPOSITIVE POWER</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">360,637</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">10</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px">SHARED DISPOSITIVE POWER</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">- 0 -</p></td></tr></table><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><table style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" width="8%"><p style="MARGIN: 0px" align="center">11</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">360,637</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">12</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><font style="FONT-FAMILY: Wingdings">&#168;</font></p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">13</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">5.08%</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">14</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">TYPE OF REPORTING PERSON</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">PN</p></td></tr></table></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><table id="pagebreake6646ece-7586-434f-950b-0472169c396b" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center">2</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div>&nbsp;</td></tr><tr><td>&nbsp;</td></tr></table></p><p style="MARGIN: 0px">&nbsp;&nbsp;</p><p style="MARGIN: 0px"><table style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" width="8%"><p style="MARGIN: 0px" align="center">1</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">NAME OF REPORTING PERSONS</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">Driver Management Company LLC</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">2</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* </p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">(a) <font style="FONT-FAMILY: Wingdings">x</font></p><p style="MARGIN: 0px">(b) <font style="FONT-FAMILY: Wingdings">&#168;</font></p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">3</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">SEC USE ONLY</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">4</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">SOURCE OF FUNDS</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">AF, OO</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">5</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><font style="FONT-FAMILY: Wingdings">&#168;</font>&nbsp;</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">6</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">CITIZENSHIP OR PLACE OF ORGANIZATION</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">Delaware</p></td></tr></table></p>&nbsp; <table style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="middle" rowspan="4" width="12%"><p style="MARGIN: 0px" align="center">NUMBER OF</p><p style="MARGIN: 0px" align="center">SHARES</p><p style="MARGIN: 0px" align="center">BENEFICIALLY</p><p style="MARGIN: 0px" align="center">OWNED BY</p><p style="MARGIN: 0px" align="center">EACH</p><p style="MARGIN: 0px" align="center">REPORTING</p><p style="MARGIN: 0px" align="center">PERSON WITH</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" width="8%"><p style="MARGIN: 0px" align="center">7</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px">SOLE VOTING POWER</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">360,637</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">8</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px">SHARED VOTING POWER</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">- 0 -</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">9</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px">SOLE DISPOSITIVE POWER</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">360,637</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">10</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px">SHARED DISPOSITIVE POWER</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">- 0 - </p></td></tr></table>&nbsp; <table style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" width="8%"><p style="MARGIN: 0px" align="center">11</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">360,637</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">12</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><font style="FONT-FAMILY: Wingdings">&#168;</font>&nbsp;</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">13</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">5.08%</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">14</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">TYPE OF REPORTING PERSON</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">OO</p></td></tr></table>&nbsp; <p style="MARGIN: 0px"><table id="pagebreake10d29ad-e799-45e4-adad-5399557aa7be" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center">3</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div>&nbsp;</td></tr><tr><td>&nbsp;</td></tr></table></p><p style="MARGIN: 0px">&nbsp;&nbsp;</p><p style="MARGIN: 0px"><table style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" width="8%"><p style="MARGIN: 0px" align="center">1</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">NAME OF REPORTING PERSONS</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">J. Abbott R. Cooper</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">2</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">(a) <font style="FONT-FAMILY: Wingdings">x</font></p><p style="MARGIN: 0px">(b) <font style="FONT-FAMILY: Wingdings">&#168;</font></p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">3</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">SEC USE ONLY</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">4</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">SOURCE OF FUNDS</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">AF, OO</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">5</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><font style="FONT-FAMILY: Wingdings">&#168;</font>&nbsp;</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">6</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">CITIZENSHIP OR PLACE OF ORGANIZATION</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">United States of America</p></td></tr></table></p>&nbsp; <table style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="middle" rowspan="4" width="12%"><p style="MARGIN: 0px" align="center">NUMBER OF</p><p style="MARGIN: 0px" align="center">SHARES</p><p style="MARGIN: 0px" align="center">BENEFICIALLY</p><p style="MARGIN: 0px" align="center">OWNED BY</p><p style="MARGIN: 0px" align="center">EACH</p><p style="MARGIN: 0px" align="center">REPORTING</p><p style="MARGIN: 0px" align="center">PERSON WITH</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" width="8%"><p style="MARGIN: 0px" align="center">7</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px">SOLE VOTING POWER</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">360,637</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">8</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px">SHARED VOTING POWER</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">- 0 -</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">9</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px">SOLE DISPOSITIVE POWER</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">360,637</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">10</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px">SHARED DISPOSITIVE POWER</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">- 0 - </p></td></tr></table>&nbsp; <table style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" width="8%"><p style="MARGIN: 0px" align="center">11</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">360,637</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">12</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><font style="FONT-FAMILY: Wingdings">&#168;</font>&nbsp;</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">13</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">5.08%</p></td></tr><tr><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top"><p style="MARGIN: 0px" align="center">14</p></td><td style="BORDER-TOP: black 1px solid; BORDER-LEFT: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px">TYPE OF REPORTING PERSON</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">IN</p></td></tr></table>&nbsp; <p style="MARGIN: 0px"><table id="pagebreak40fc7e4e-ba28-4503-9a23-e116a9ce4ceb" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center">4</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div>&nbsp;</td></tr><tr><td>&nbsp;</td></tr></table></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px">The following constitutes Amendment No. 7 to the Schedule 13D filed by the undersigned (&#8220;Amendment No. 7&#8221;). This Amendment No. 7 amends the Schedule 13D as specifically set forth herein.</p><p style="MARGIN: 0px; TEXT-INDENT: 1in">&nbsp;</p><p style="MARGIN: 0px" align="justify">Item 4. <u>Purpose of Transaction</u>.</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">Item 4 is hereby amended to add the following:</p><p style="MARGIN: 0px; TEXT-INDENT: 45px">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">On October 24, Mr. Cooper sent a letter to Tonya Sturm, the Issuer&#8217;s Secretary (the &#8220;October 24 Letter&#8221;, a copy of which is attached as Exhibit 99.1).</p><p style="MARGIN: 0px; TEXT-INDENT: 45px">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">On October 29, Mr. Cooper sent a letter to Ms. Rodeheaver (the &#8220;October 29 Letter&#8221;, a copy of which is attached as Exhibit 99.2).</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 0in" align="justify">Item 7. <u>Material to be Filed as Exhibits.</u></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">Item 7 is hereby amended to add the following exhibits:</p><p style="MARGIN: 0px">&nbsp;</p><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr height="15"><td style="BORDER-BOTTOM: black 1px solid" valign="top" width="10%"><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 0in" align="justify"><b>Exhibit&nbsp;</b></p></td><td width="2%"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="top"><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 0in" align="justify"><b>Description</b></p></td></tr><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr height="15" bgcolor="#cceeff"><td valign="top"><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 0in" align="justify"><a href="func_ex991.htm">Exhibit 99.1</a></p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 0in" align="justify"><a href="func_ex991.htm">October 24 Letter</a></p></td></tr><tr height="15" bgcolor="#ffffff"><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr height="15" bgcolor="#cceeff"><td valign="top"><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 0in" align="justify"><a href="func_ex992.htm">Exhibit 99.2</a></p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 0in" align="justify"><a href="func_ex992.htm">October 29 Letter</a></p></td></tr></table><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><table id="pagebreake437c0ad-1432-416d-b23a-d1fd75ed854e" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center">5</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div>&nbsp;</td></tr><tr><td>&nbsp;</td></tr></table></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="center"><u><b>SIGNATURES</b></u></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px; TEXT-INDENT: 45px" align="justify">After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.</p><p style="MARGIN: 0px">&nbsp;&nbsp;</p><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr height="15"><td valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top" colspan="3"><p style="MARGIN: 0px">Driver Opportunity Partners I LP</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr height="15"><td valign="top"></td><td valign="top" colspan="3"></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr height="15"><td valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><p style="MARGIN: 0px">By:</p></td><td valign="top" colspan="2"><p style="MARGIN: 0px">Driver Management Company LLC</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr height="15"><td valign="top"></td><td valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top" colspan="2"><p style="MARGIN: 0px">its general partner</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr height="15"><td valign="top"></td><td valign="top"></td><td valign="top" colspan="2"></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr height="15"><td valign="top"><p style="MARGIN: 0px">Dated: October 29, 2019</p></td><td valign="top"><p style="MARGIN: 0px">By:</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px"><em>/s/ J. Abbott R. Cooper</em></p></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr height="15"><td valign="top" width="50%"></td><td valign="top" width="3%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top" width="5%"><p style="MARGIN: 0px">Name:</p></td><td valign="top" width="35%"><p style="MARGIN: 0px">J. Abbott R. Cooper</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr height="15"><td valign="top"></td><td valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><p style="MARGIN: 0px">Title:</p></td><td valign="top"><p style="MARGIN: 0px">Managing Member</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr></table><p style="MARGIN: 0px">&nbsp;</p><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr height="15"><td valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top" colspan="3"><p style="MARGIN: 0px">Driver Management Company LLC</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr height="15"><td valign="top"></td><td valign="top" colspan="3"></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr height="15"><td valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><p style="MARGIN: 0px">By:</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2"><p style="MARGIN: 0px"><em>/s/ J. Abbott R. Cooper</em></p></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr height="15"><td valign="top" width="50%"></td><td valign="top" width="3%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top" width="5%"><p style="MARGIN: 0px">Name:</p></td><td valign="top" width="35%"><p style="MARGIN: 0px">J. Abbott R. Cooper</p></td><td width="7%"><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr height="15"><td valign="top"></td><td valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><p style="MARGIN: 0px">Title:</p></td><td valign="top"><p style="MARGIN: 0px">Managing Member</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr></table><p style="MARGIN: 0px">&nbsp;</p><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr height="15"><td valign="top" width="50%"></td><td valign="top" width="43%"></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr height="15"><td valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td style="BORDER-BOTTOM: black 1px solid" valign="top"><p style="MARGIN: 0px"><em>/s/ J. Abbott R. Cooper</em></p></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr height="15"><td valign="top"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><p style="MARGIN: 0px">J. Abbott R. Cooper</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr></table><p style="MARGIN: 0px 0px 0px 0in" align="justify">&nbsp;</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cols="1" cellpadding="0" width="100%" align="center" border="0"><tr><td style="BORDER-BOTTOM: black 1px solid"><p style="MARGIN: 0px" align="center">6</p></td></tr></table></p><p style="MARGIN: 0px">&nbsp;</p></BODY><!--Document Created by EDGARMaster--></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>func_ex991.htm
<DESCRIPTION>LETTER
<TEXT>
<html><head><title>func_ex991.htm</title><!--Document Created by EDGARMaster--></head><BODY spellcheck="true" style="text-align:justify;font:10pt TIMES NEW ROMAN;margin:0px 7%"><p style="MARGIN: 0px" align="right"><b>&nbsp; EXHIBIT 99.1</b></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="center"><b>Driver Management Company LLC</b></p><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 0.5in" align="justify">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 0.5in" align="right">October 24, 2019</p><p style="MARGIN: 0px" align="justify">&nbsp;</p><p style="MARGIN: 0px">Tonya K. Sturm</p><p style="MARGIN: 0px">Senior Vice President, Secretary, Treasurer and CFO</p><p style="MARGIN: 0px">First United Corporation</p><p style="MARGIN: 0px">19 South Second Street</p><p style="MARGIN: 0px">Oakland, MD 21550</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">Dear Tonya,</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">I&#8217;m following up on my previous request for information on First United&#8217;s stockholders. I asked for this information in the spirit of fostering the &#8220;constructive dialogue&#8221; First United has publicly claimed it wants. I was disappointed by your refusal to share this information and your decision to hide behind Maryland&#8217;s unusually restrictive books and records law, which we both know is less shareholder friendly than the equivalent books and records law in Delaware (where many of your peer financial institutions are incorporated). I am repeating my request, which you should deem incorporated into this letter, and urge you to follow through on your stated &#8220;commitment to transparen[cy]&#8221; by providing me with the requested information. I also wanted to thank you for committing in writing to provide a stockholder list when Driver requests it pursuant to Rule 14a-7 instead of mailing any solicitation materials prepared by Driver to the First United stockholders.</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">That said, I am writing to make absolutely clear that I disagree in each and every respect with the claims you made in the letter you sent on October 10 that First United &#8220;must insist that stockholders adhere to the letter of the law regardless of the nature of the request or [First United&#8217;s] ability to satisfy it&#8221; and that First United must &#8220;ensure[] that there can be no misinterpretations or assertion that [First United] has favored one stockholder.&#8221; This is the opposite of how normal public companies function. If companies followed your nonsense theory of corporate governance and made stockholders &#8220;adhere to the letter of the law,&#8221; then they would not:</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">&nbsp;</p><p style="MARGIN: 0px" align="justify"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td width="4%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top" width="4%"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">Provide extra disclosures in their proxy statements;</td></tr><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">Hold earnings calls (although I note First United does not hold earnings calls);</td></tr><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">Arrange for their executives to hold meetings with significant stockholders;</td></tr><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">Adopt corporate governance changes in response to nonbinding stockholder proposals; and</td></tr><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">Enter into settlement agreements with specific stockholders (especially not agreements that grant the stockholder a board designation right).</td></tr></table></p><p style="MARGIN: 0px">&nbsp;&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">If we were pretend that your nonsense theory were actually true, then how do you explain First United&#8217;s behavior in other contexts? I understand that Ms. Rodeheaver is planning to meet with some (but not all) of First United&#8217;s investors who have asked for a meeting&#8212;even though under Maryland law those investors do not have a legal entitlement to a one-on-one session with a company&#8217;s CEO. And if equal treatment of stockholders is necessary, then why not provide a stockholder list to any stockholder who requests it? Why take the opposite approach and &#8220;insist upon strict compliance with the stockholder inspection laws and regulations by all stockholders&#8221;?</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">Surely First United has another reason for denying my request for customary stockholder information. I think we can be candid with each other at this point&#8212;it seems to me that you denied my request because you don&#8217;t want Driver to be able to efficiently communicate with your other stockholders. If I&#8217;m wrong, then I would certainly appreciate the opportunity to hear the real reasons for First United&#8217;s refusal to provide the customary stockholder information I requested.</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">Sincerely, </p><p style="MARGIN: 0px 0px 0px 0in" align="justify">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">/s/ Abbott Cooper</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">Abbott Cooper</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">Managing Member</p><p style="MARGIN: 0px 0px 0px 0in" align="justify">Driver Management Company LLC</p></BODY><!--Document Created by EDGARMaster--></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>func_ex992.htm
<DESCRIPTION>LETTER
<TEXT>
<html><head><title>func_ex992.htm</title><!--Document Created by EDGARMaster--></head><BODY spellcheck="true" style="text-align:justify;font:10pt TIMES NEW ROMAN;margin:0px 7%"><p style="MARGIN: 0px" align="right"><b>EXHIBIT 99.2</b></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in" align="center"><b>Driver Management Company LLC</b></p><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 0.5in" align="right">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 0.5in" align="right">October 29, 2019</p><p style="MARGIN: 0px 0px 0px 0in; TEXT-INDENT: 0.5in" align="right">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in">Carissa L. Rodeheaver</p><p style="MARGIN: 0px 0px 0px 0in">Chairman of the Board, President &amp; CEO</p><p style="MARGIN: 0px 0px 0px 0in">First United Corporation</p><p style="MARGIN: 0px 0px 0px 0in">19 South Second Street</p><p style="MARGIN: 0px 0px 0px 0in">Oakland, MD 21550</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in">Dear Carissa,</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="justify">I am looking forward to our meeting on October 31. Hopefully you will be prepared and able to answer the questions that I have already posed about First United&#8217;s 3Q19 earnings. I am sure that you take Regulation FD very seriously, so you may consider putting out some additional supplementary information publicly. I also have a number of questions about First United&#8217;s recently released investor presentation that I will list below so that you are fully prepared to answer them as well. I am going to publicly file this letter for the benefit of other investors with whom you may be meeting who are not as familiar with First United.</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in"><u>FUNC Total Shareholder Returns Relative To Peers</u></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td width="4%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top" width="4%"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">How is the period of your tenure as CEO relevant? Based on my review of First United&#8217;s publicly available information, you were a key member of the prior CEO&#8217;s management team and one of the key architects of the plan (the &#8220;Value Destruction Plan&#8221;) to (i) take on additional leverage to buy pooled trust preferred securities, (ii) buy loan participations and (iii) ramp up construction lending that led to significant losses in 2009 and 2010, regulatory intervention that resulted in the cessation of First United&#8217;s dividend and massive destruction of stockholder value. According to your biography in First United&#8217;s proxy statement, you have been a member of First United&#8217;s senior management team since January 2006. Since January 1, 2006 to the date we first publicly called for a sale of First United, First United has produced a total stockholder return of -0.48%.1 How is your tenure as CEO meaningfully different from the previous CEO? Given that a majority of the directors that were on First United&#8217;s board during the implementation of the Value Destruction Plan are still on the board, why would investors think anything has changed?</td></tr><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">You show a 5 Year Total Shareholder Return for the period ending September 30, 2019 as 187.8% compared to 84.1% for the SNL U.S. $1b-$5B Bank Index. However, Total Shareholder Return for the five year period ending September 30, 2014 was negative 21.86% for First United compared to 66.70% for the SNL U.S. Bank $1B-5B Index. Why isn&#8217;t any recent outperformance simply an example of low base effect or reversion to the mean?</td></tr></table></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">__________</p><p style="MARGIN: 0px"><sup>1 </sup>All data is per S&amp;P Global Market Intelligence unless otherwise noted.</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><table id="pagebreak00b9d268-bd49-489d-af65-daa24415b1b2" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center">1</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div>&nbsp;</td></tr><tr><td>&nbsp;</td></tr></table></p><p style="MARGIN: 0px">&nbsp;</p><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td width="4%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top" width="4%"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">Somewhat similarly, on September 30, 2014, First United&#8217;s stock traded at 69.66% of tangible book value, compared to 161.04% for the SNL U.S. Bank $1B-5B Index. Could First United&#8217;s stock have outperformed simply because such a huge discount to both tangible book value and peer valuations was attractive to investors?</td></tr><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">Driver first publicly called for a sale on March 26, 2019. What portion of First United&#8217;s stock price outperformance since then do you attribute to investors&#8217; expectations that First United will maximize value in a sale?</td></tr><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td></tr><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">What do you think might make First United&#8217;s stock price go higher still?</td></tr></table>&nbsp;&nbsp; <p style="MARGIN: 0px 0px 0px 0in"><u>Key Initiatives and Strategic Priorities</u></p><p style="MARGIN: 0px 0px 0px 0in">&nbsp;</p><p style="MARGIN: 0px"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td width="4%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top" width="4%"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">All the items on this page seem terribly vague and, in some cases, impossible to tie to any type of quantifiable impact on profitability or stockholder value. For example, what is the financial benefit to &#8220;present imagery of being current and relevant for changing banking preferences?&#8221; Please explain how (and how much) each of these items will increase net income, return on equity, etc.</td></tr></table></p><p style="MARGIN: 0px">&nbsp;&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in"><u>Branding &amp; Customer Experience</u></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><font face="Symbol"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td width="4%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top" width="4%"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">Please provide the costs for the branding examples and lobby renovations shown as well as any quantifiable benefits therefrom.</td></tr><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">How do you measure the return on investment for such projects and what type of cost/benefit analysis do you perform?</td></tr></tr></table>&nbsp;</font>&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in"><u>Our Dedicated Management Team</u></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><font face="Symbol"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td width="4%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top" width="4%"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">Please illustrate how management team members&#8217; interests are aligned with stockholders.</td></tr></table>&nbsp;</font>&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in"><u>Board of Directors</u></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><font face="Symbol"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td width="4%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top" width="4%"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">Please illustrate how directors&#8217; interests are aligned with stockholders and disclose all directors&#8217; transactions with First United.<u></u></td></tr><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">With respect to Robert Kurtz, please explain how his role as Chief Risk Officer overseeing the Value Destruction Plan would not be a detriment to his qualifications to serve as a director.<u></u></td></tr></tr></table>&nbsp;</font>&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in"><u>Financial Highlights</u></p><p style="MARGIN: 0px">&nbsp;</p><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td width="4%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top" width="4%"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">How do the performance improvements shown compare to the SNL U.S. Bank $1B-5B Index? To the extent that you are comparing total stockholder return to that index, shouldn&#8217;t you compare these performance metrics as well?</td></tr></table><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><table id="pagebreakab52f20d-ddce-4c3f-8875-f2493dc31e9c" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center">2</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div>&nbsp;</td></tr><tr><td>&nbsp;</td></tr></table></p><p style="MARGIN: 0px">&nbsp;&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in"><u>Asset Quality</u></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><font face="Symbol"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td width="4%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top" width="4%"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">Why do you note that were one non-performing loan excluded from NPAs/Total Assets, the percentage would be lower? Obviously, if you cherry-pick certain non-performing assets from the numerator of that fraction, the percentage will be lower&#8212;is there any special reason why investors should consider that non-performing asset differently from other non-performing assets?</td></tr><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">What percentage of non-performing assets were loan participations? For those non-performing assets that were loan participations, for how many of those non-performing assets is First United (rather than the originating bank) controlling the recovery process?</td></tr><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">How are recent net recoveries the product of a conservative credit culture? I would have thought a conservative credit culture would produce significantly lower levels of non-performing assets.</td></tr></tr></tr></table>&nbsp;</font>&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in"><u>Industry Leading Deposit Franchise</u></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td width="4%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top" width="4%"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">Please provide detail regarding how branch rebranding initiatives have led to recent growth in deposits. How do you measure the impact of branch rebranding initiatives versus other variables such as cost?</td></tr><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px">&nbsp;</p></td><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">What are your expectations regarding future deposit betas?</td></tr></tr></table></p><p style="MARGIN: 0px">&nbsp;&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in"><u>Pathway to EPS Growth</u></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><font face="Symbol"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td width="4%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top" width="4%"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">Please provide specific examples of the way these items might result in EPS growth. What is the order of magnitude of expected EPS growth and the time period for realization?</td></tr></table>&nbsp;</font>&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in"><u>Investment Highlights</u></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><font face="Symbol"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td width="4%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="top" width="4%"><font style="FONT-FAMILY: Symbol">&#183;</font></td><td valign="top">Why wouldn&#8217;t you list possible sale to maximize stockholder value? Based on conversations that I have had with investors who have reached out to me, it would appear than many investors have purchased First United&#8217;s stock based on the price that could be obtained in a sale.</td></tr></table>&nbsp;</font>&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in">Thanks in advance for your responses.</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in">Talk to you soon,</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in">Abbott Cooper</p><p style="MARGIN: 0px 0px 0px 0in">Managing Member</p><p style="MARGIN: 0px 0px 0px 0in">Driver Management Company LLC</p><p style="MARGIN: 0px 0px 0px 0in">&nbsp;</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px 0px 0px 0in"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cols="1" cellpadding="0" width="100%" align="center" border="0"><tr><td style="BORDER-BOTTOM: black 1px solid"><p style="MARGIN: 0px" align="center">3</p></td></tr></table></p><p style="MARGIN: 0px">&nbsp;</p></BODY><!--Document Created by EDGARMaster--></html>
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