First United Corporation announced that Chairman of the Board, President and Chief Executive Officer Carissa L. Rodeheaver will retire at the conclusion of the company’s 2026 annual meeting on May 7, 2026, and will serve as Executive Chairman until her retirement.
The company named Jason B. Rush, Senior Vice President and Chief Operating Officer, as the successor who will assume the roles of President and CEO on January 1, 2026. Rush has been with First United since 1993 and has led operations as COO since 2017, giving him deep institutional knowledge of the bank’s community‑banking and wealth‑management focus.
First United reported that its Q1 2025 net income rose 57% year‑over‑year. While the company did not disclose the absolute figures or the specific drivers behind the increase, the growth suggests a strengthening of the bank’s core operations during the first quarter of 2025.
Management emphasized that the succession plan is designed to preserve continuity and maintain the bank’s strategic focus on community banking and wealth management. No additional commentary on the Q1 results or future guidance was provided in the announcement.
No market reaction data or analyst commentary was available at the time of the announcement, so the article does not include such information.
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