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PRESS RELEASE

First United To Partner With First American Bank

October 28, 2014

Durant, OK -- First United announced plans to expand operations in central and southern Oklahoma through a merger with First American Bank, headquartered in Purcell and Norman, in early 2015. This merger brings a tremendous team and customer base from First American Bank into the First United family. The merger will increase First United’s total assets to approximately $3B with $500M assets in the Oklahoma City region.

Greg Massey, President and CEO, First United said, “First American Bank is a strong, successful bank and has been a treasured partner in the local communities it has served. This merger, along with Universal Insurance and First United Mortgage, creates a full-service financial institution to serve the Oklahoma City region.” First United will continue the legacy of community involvement begun by First American Bank and bring the additional resources of First United to participate and contribute towards community activities, charities, and civic events.

“This is a momentous time for our bank and our customers,” said Jim McAuley, Chairman, First American Bank. “We were excited to be approached by a partner that shares our strong community bank heritage of taking care of customers, employees and our communities.”

“First United’s community lending philosophies align very well with our approach at First American Bank,” said Neil Schemmer, President and CEO, First American Bank. “We know our shared desire to help others spend life wisely will make this a wonderful new chapter for banking in central Oklahoma.” Mr. Schemmer will continue to lead his out-standing staff of local community bankers in the Central Oklahoma region.

Customers from both banks should not see any changes to their current accounts or pending loans. After the merger, customers will have access to more products, services, and all First American Bank and First United locations in Oklahoma and North Texas.

About First American Bank
First American Bank was originally chartered in 1935, and has thrived since 1990 under the care of the Mayes family of Norman. Pat Mayes, longtime central Oklahoma business and civic leader passed away in 2008. “Pat Mayes cared deeply about his community, and he showed it with his time and talents,” said John Massey, Chairman of First United. “His commitment to others was evident in the bank’s way of doing business with its neighbors. We are delighted to blend two strong family-owned Oklahoma banks into one.”

First American Bank currently has assets of over $300 million and maintains seven locations in central Oklahoma, including three locations in Norman, and others in Oklahoma City, Maysville, Moore, and Purcell.

About First United
First United is a family-owned, Oklahoma-based bank that opened its doors in 1900, seven years before Oklahoma became a state. First United offers a full range of personal banking, commercial banking, wealth management, insurance and mortgage products and services to customers over 30 locations throughout Oklahoma and North Texas. First United is recognized as one of the largest, well-capitalized banking organizations in the Southwest region of the United States with assets of approximately $2.6 billion.

Merger Advisers
McAfee & Taft served as First United’s legal counsel. Eugene Katz from D.A. Davidson & Co. served as financial advisor to First American Bank. Crowe & Dunlevy served as First American’s legal counsel.

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