On November 19, 2019, First United Corporation acknowledged that, although a formal notice of nominations satisfying the requirements of the Company’s bylaws has not yet been received, Driver Management Company LLC has publicly announced its intention to nominate 3 candidates to stand for election to the Company Board of Directors at its’ 2020 annual meeting of shareholders. The Company stated that Driver's true sole agenda has not changed, and its lack of response to the Company outreach is representative of the fact that, despite the Company’s efforts to maintain a constructive dialogue and explore a possible collaboration, Driver is unwilling to engage in any discussions without the Company first committing to an immediate sale process. The Company stated that the Committee would evaluate Driver's candidates as it would any other potential directors suggested by shareholders, although its ability to do so has been frustrated by Driver's refusal to engage productively with the Company or even respond to the customary questionnaire that the Company shared with Driver. In addition, the Company stated that 2020 annual meeting has not yet been scheduled and this communication does not constitute a solicitation of any vote or proxy, and shareholders do not need to take any action at this time.