Schedule 13G
First United 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 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:
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
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(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)
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:
698,462 Shares
(b) Percent of Class:
11.48%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
698,462 Shares
(ii) shared power to vote or to direct the vote
(iii) sole power to dispose or to direct the disposition of
657,990 Shares
(iv) shared power to dispose or to direct the disposition of
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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 Depatment of First United Bank & Trust, as Trustee for 185 fiduciary
accounts. First United Bank & Trust had, as of December 31, 1999, sole voting
rights on 698,462 shares and shared no voting rights. It had as of December 31,
1999, the sole right to dispose of 657,990 shares and no shared rights to
dispose of any shares. First United Bank & Trust has no right to retain
dividends from such shares for its own account, nor does it have the power to
direct receipt of such dividends (except in certain cases to beneficiaries or
grantors of accounts). First United 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 ( execpt in certain cases to
beneficiaries or grantors of the accounts). All of the account holders are
persons unrelated to the officers or directors of First United Corporation.
Item 7 Identification and Classification of the Subsidiary Which Acquried the
Security being reported on by the Parent Holding Company.
Not Applicable
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
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After reasonable inquiry and to the best of my knowlegle and belief, I certify
that the information set forth in this statement is true, complete and
accurate.
February 28, 2000
Date
William B. Grant
Signiture
William B. Grant Chairman of the Board and CEO
Name & Title
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