First United Leadership Transition: Carissa Rodeheaver Retires, Jason Rush Takes Over

Leadership Transition at First United Corporation: A New Era Begins

First United Corporation announces a significant leadership transition as Carissa L. Rodeheaver prepares to retire as Chairman of the Board, President, and CEO. Her retirement is set to take effect following the annual shareholders' meeting on May 7, 2026, marking the end of an era during which she has driven the company’s substantial growth and innovation. To facilitate a seamless transition, Rodeheaver will assume the role of Executive Chairman starting January 1, 2026, providing guidance as the company navigates this pivotal change.

Rodeheaver has played a crucial role at First United since 2016, steering the organization towards record financial performance and a fortified reputation within the community banking sector. Under her leadership, the company has not only experienced a rising stock price and consistent dividend payments but has also placed a strong emphasis on community engagement. Her initiatives, including the establishment of the First United Community Dreams Foundation and the launch of the financial education platform Finture, underscore her commitment to enhancing shareholder value and fostering a culture of integrity and community support. Rodeheaver's successful tenure is characterized by a keen focus on digital transformation, positioning First United to meet the evolving needs of its customers.

In anticipation of Rodeheaver’s departure, the Board of Directors appoints Jason B. Rush as her successor, effective January 1, 2026. Rush, who has been with First United since 1993 and has served as Senior Vice President and COO since 2017, is well-equipped to lead the company into its next chapter. Lead Independent Director Brian R. Boal commends Rodeheaver for her visionary leadership and long-term growth initiatives, ensuring that First United remains well-positioned for continued success. With Rodeheaver’s advisory role during the transition, the company aims to maintain stability and momentum as it embraces new opportunities in the community banking landscape.

In related developments, First United remains committed to its strategic focus on community banking while adapting to the digital age. The emphasis on financial education through platforms like Finture highlights the corporation's dedication to not only providing banking services but also empowering customers with knowledge and resources. As the leadership transition unfolds, both Rodeheaver and Rush are poised to support First United’s mission of fostering community engagement and financial well-being, ensuring a strong foundation for future growth.