-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WyxaO84YnjkknW6ZoH9tXgChtTOpovDmzN/LPfWF8D8XtQZAtvlAur9M3fsTBY2a 7XLTYLY3M6TRvuRVezb+GA== 0000763907-98-000006.txt : 19980319 0000763907-98-000006.hdr.sgml : 19980319 ACCESSION NUMBER: 0000763907-98-000006 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980318 SROS: NASD 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 13G SEC ACT: SEC FILE NUMBER: 005-40814 FILM NUMBER: 98567878 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: 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 13G 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 SC 13G 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 30549 SCHEDULE 13G m Under the Securities Exchange Act of 1934 (Amendment No. ________________)* First United Corporation (Name of Issuer) Common Stock, Par Value $.01 per share (Title of Class of Securities) 33741H107 (Cusip Number) Check the following box if a fee is being paid with this statement. (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7). *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 5 pages CUSIP No. 33741H107 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON First United National Bank & Trust 52-0312890 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) X 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION National Bank 5 SOLE VOTING POWER 674,869 6 SHARED VOTING POWER 7 SOLE DISPOSITIVE POWER 8 SHARED DISPOSITIVE POWER 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 674,869 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.74% 12 TYPE OF REPORTING PERSON* BK Page 2 of 5 pages Schedule 13G First United National Bank & Trust Item 1(a) Name of Issuer: First United Corporation Item 1(b) Address of Issuer's Principal Executive Offices: 19 South Second Street Oakland, Maryland 21550 Item 2(a) Name of Person Filing: First United National Bank & Trust Item 2(b) Address of Principal Business Office or if none, Residence: 19 South Second Street Oakland, Maryland 21550 Item 2(c) Citizenship: National Bank Item 2(d) Title of Class of Securities: Common Stock, par value $.01 per share Item 2(e) CUSIP Number: 33741H107 Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is a: (a) [ ] Broker or Dealer registered under Section 15 of the Act (b) [X ] Bank as defined in Section 3(a) (6) of the Act (c) [ ] Insurance Company as defined in Section 3(a) (19) of the Act (d) [ ] Investment Company registered under Section 8 of the Investment Company Act (e) [ ] Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940 (f) [ ] Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment fund; see 240.13d-a(b)(1)(ii)(F) (g) [ ] Parent Holding Company, in accordance with 240.13d-1(b)(ii)(G) (Note: See Item 7) (h) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(H) Page 3 of 5 pages Item 4 Ownership: If the percent of the class owned, as of December 31 of the year covered by the statement, or as of the last day of any month described in Rule 13d-a(b)(2), if applicable, exceeds five percent, provide the following information as of that date and identify those shares which there is a right to acquire: (a) Amount Beneficially Owned: 674,869 Shares (b) Percent of Class: 10.79% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 674,869 Shares (ii) shared power to vote or to direct the vote (iii) sole power to dispose or to direct the disposition of 634,107 Shares (iv) shared power to dispose or to direct the disposition of Item 5 Ownership of Five Percent or Less of a Class Not Applicable Item 6 Ownership of More than Five Percent on Behalf of Another Person The shares of First United Corporation stock listed in Item 4 are owned by the Trust Department of First United National Bank & Trust, as Trustee for 200 fiduciary accounts. First United National Bank & Trust is a wholly-owned subsidiary of First United Corporation. Within these accounts, the Trust Department of First United National Bank & Trust had, as of December 31, 1997, sole voting rights on 674,869 shares and no shared voting rights. It had as of December 31, 1997, the sole right to dispose of 634,869 shares and no shared right to dispose of any shares. First United National Bank & Trust has no right to retain the dividends from such shares for its own account, nor does it have the power to direct the receipt of such dividends (except in certain cases to beneficiaries or grantors of the accounts). First United National Bank & Trust has no right to retain the proceeds from the sale of such securities for its own account, nor does it have the power to direct the receipt of such proceeds (except in certain cases to beneficiaries or grantors of the accounts). All of the holders are persons unrelated to the officers or directors of First United Corporation. Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Not Applicable Page 4 of 5 pages Item 8 Identification and Classification of Members of Group. Not Applicable Item 9 Notice of Dissolution of Group. Not Applicable Item 10 Certification. Not Applicable After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and accurate. February 20, 1998 Date William B. Grant Signature WILLIAM B. GRANT CHAIRMAN OF THE BOARD & CEO Name/Title Page 5 of 5 pages Page 6 of 6 -----END PRIVACY-ENHANCED MESSAGE-----