First United: Bank & Trust Acquires First Mortgage Services Group | Celent Market Screener


Oakland, Maryland – First United Bank and TrustFirst United Corporation (NASDAQ: FUNC) today announced the acquisition First Mortgage Service Group (FMSG)an independent mortgage company headquartered in Cumberland, Maryland.

Since 1997, FMSG has originated approximately $900 million in consumer loans, including prime residences, vacation homes and investment properties in Maryland, West Virginia and Pennsylvania.

“Combining First Mortgage with our existing mortgage offering will strengthen our ability to support our customers and market segments. We expect increased county market coverage and welcome all FMSG staff to join our Mortgage Group as they bring a wealth of experience, knowledge and reflect our culture to brings a high level of customer service that complements our skill set.”, President, and Chairman of the Board.

“First Mortgage is thrilled to join the First United team!” said co-founder and FMSG owner Jim Stemple. “Our team is passionate about continuing to provide quality, personalized service that best fits the needs of homeowners.”

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First United Corporation I published this content on November 15, 2022 You are solely responsible for the information contained therein.Distributor publicunedited and unchanged, on November 15, 2022 14:21:03 UTC.

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ANALYST RECOMMENDATIONS FOR FIRST UNITED CORPORATION

Sale 2021 72,7M

net income 2021 19,8M

NetCash 2021 23,9M

PER 2021 6,37 times
Yield 2021 3.09%
capitalization 123M
123M
EV / Sale 2020 1,84 times
EV / Sales 2021 1,38 times
number of employees 288
free float 95.5%

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