SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)*
First United Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
33741H107
(CUSIP Number)
December 31, 2003
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant
to which this Schedule is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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).
SCHEDULE CONTINUES ON FOLLOWING PAGES
CUSIP No. 33741H107
1 Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only).
First United Bank & Trust
52-0312890
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2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
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3 SEC Use Only
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4 Citizenship or Place of Organization: Oakland, Maryland
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Number of 5 Sole Voting Power: 544,378
Shares
Beneficially 6 Shared Voting Power:
Owned by
Each 7 Sole Dispositive Power: 514,381
Reporting
Person With 8 Shared Dispositive Power:
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9 Aggregate Amount Beneficially Owned by Each Reporting Person: 544,378
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions):
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11 Percent of Class Represented by Amount in Row (9): 8.9%
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12 Type of Reporting Person (See Instructions): BK
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CUSIP No. 33741H107
Item 1
(a) Name of Issuer:
First United Corporation
(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
(b) Address of Principal Business Office or if none, Residence:
19 South Second Street
Oakland, Maryland 21550
(c) Citizenship or Place of Organization
Oakland, Maryland
(d) Title of Class of Securities:
Common Stock, par value $.01 per share
(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
(15 U.S.C. 78o).
(b) [X] Bank as defined in section 3(a)(6) of the Act (15 U.S.C.
78c).
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(c) [ ] Insurance company as defined in section 3(a)(19) of the
Act (15 U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C 80a-8).
(e) [ ] An investment adviser in accordance with ss.240.13d-1(b)
(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance
with ss.240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance
with ss. 240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Invest-
ment Company Act of 1940 (15 U.S.C. 80a-3)
(j) [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).
Item 4 Ownership:
Provide the following information regarding the aggregate number
and percentage of the class of securities of the issuer
identified in Item 1.
(a) Amount Beneficially Owned: 544,378 Shares
(b) Percent of Class: 8.9%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 544,378
Shares
(ii) Shared power to vote or to direct the vote:
(iii) Sole power to dispose or to direct the disposition of:
514,381 Shares
(iv) Shared power to dispose or to direct the disposition
of:
Item 5 Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following [ ].
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Item 6 Ownership of More than Five Percent on Behalf of Another Person
The securities of First United Corporation listed in Item 4 are
owned by the Trust Department of First United Bank & Trust as
Trustee for 175 fiduciary accounts. Pursuant to agency or
fiduciary agreements, beneficiaries or other persons may have
rights to receive or the power to direct the receipt of dividends
from, or the proceeds from the sale of, some of the securities
held in these accounts.
Item 7 Identification and Classification of the Subsidiary Which
Acquired 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.
(a) The following certification shall be included if the
statement is filed pursuant to ss.240.13d-1(b):
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above
were acquired and are held in the ordinary course of
business and were not acquired and are not held for the
purpose of or with the effect of changing or
influencing the control of the issuer of the securities
and were not acquired and are not held in connection
with or as a participant in any transaction having that
purpose or effect.
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SIGNATURE
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 9, 2004
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Date
/s/ Robert W. Kurtz
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Signature
Robert W. Kurtz, President & CFO
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Name/Title
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