First United Amends Bylaws for Leadership Transition
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First United Corporation's Board amended its bylaws to allow someone other than the Chairman to be the CEO, facilitating a leadership transition. Carissa L. Rodeheaver will retire as Chairman, President, and CEO after the 2026 annual meeting, with Jason B. Rush succeeding her as President and CEO from January 1, 2026. Rodeheaver will serve as Executive Chairman until her retirement. The company has seen significant growth under her leadership. Analysts rate FUNC stock as Hold with a $39.00 price target, and TipRanks’ AI Analyst rates it Neutral due to solid financial performance and attractive valuation.
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