First United Corporation a bank holding company and the parent company of First United Bank & Trust (the “Bank”), today issued the below statement in response to Driver Management Company LLC’s (“Driver”) press release filed on May 15, 2020:
Given the breadth of Driver’s misrepresentations, which were stated as fact in its press release dated Friday, May 15, we will not respond to each of them individually, but we will simply state the following: First United did not instigate, direct or control the investigation into Driver’s acquisition of the Company’s shares, nor did any of First United’s executives use their positions or relationships with trade associations to influence the investigation. To suggest otherwise is factually incorrect. Driver should have been aware of the relevant regulations and complied with them before making its investment in First United. Any failure to comply with Maryland law should not be “mind-boggling” or “bizarre” to Driver and is the sole responsibility and fault of Driver and no one else.
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VOTE FOR FIRST UNITED’S NOMINEES ON THE BLUE PROXY CARD TODAY
If you have already voted a WHITE proxy card, you may revoke that vote by voting the enclosed BLUE proxy card today.
If you have any questions or require any assistance with respect to voting your shares, please contact the Company’s proxy solicitor, Morrow Sodali LLC:
509 Madison Avenue, Suite 1206
New York, NY 10022
Toll Free: (800) 662-5200
Morrow Sodali LLC
Mike Verrechia/Bill Dooley
Brian Schaffer / Josh Clarkson / Kristen Duarte
(646) 818-9229 / (646) 818-9259 / (646) 818-9074
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