First United Bank & Trust is proud to sponsor Union Rescue Mission of Western Maryland, Inc. in receiving a $1 million grant from the Federal Home Loan Bank of Atlanta as part of its 2024 Affordable Housing Program General Fund awards.
The funding will go to support the 710 N. Centre Street Housing program, which will help to develop and rehabilitate 80 multifamily housing units in Cumberland, MD. The new facility is part of the Union Rescue Mission. The total cost of the development is $4,382,835. According to FHLBank Atlanta, First United is one of only three banks in Maryland to be a sponsor in receiving funds from the Affordable Housing Program.
“I’m really grateful to be a part of this endeavor, and it is a wonderful fit for the bank to be working with Union Rescue Mission,” said Craig Pancake, Vice President and Commercial Relationship Manager at First United. “I was fortunate to have the opportunity to work with the mission to move this program forward, and I’ve seen the amazing things they are doing in the community. They’re truly helping people get on their feet and turn things around.”
In the 2024 awards, FHLBank Atlanta allocated more than $55 million in grant funding to 66 initiatives in 12 states and Washington, D.C. This effort will create 4,200 affordable rental and homeownership units across the nation.
The Union Rescue Mission of Western Maryland runs an emergency homeless shelter for men, women and children and works with families to create housing plans. The goal is to decrease the number of homeless individuals in the areas the Union Rescue Mission serves.
First United Corporation operates one full-service commercial bank, First United Bank & Trust. The Bank, which is celebrating its 125th anniversary in 2025, has a network of community offices in Garrett, Allegany, Washington, and Frederick counties in Maryland, as well as Mineral, Berkeley, and Monongalia counties in West Virginia. First United’s website can be located at MyBank.com. As of 3/31/2025, the corporation posted assets of $2 billion.