Glen Burnie Bancorp

Glen Burnie Bancorp announced its board approved the voluntary delisting of its common stock from Nasdaq and subsequent deregistration with the SEC, aiming for OTCQX trading.

Glen Burnie Bancorp announced the appointment of Todd Capitani, a seasoned financial executive, as its new Treasurer and Chief Financial Officer, effective November 17, 2025.

Glen Burnie Bancorp reported a net income of $125,000 for Q3 2025, a significant improvement from the prior quarter's loss, driven by strategic initiatives and the acquisition of VA Wholesale Mortgage.

May Louise Wicox, a long-serving director of Glen Burnie Bancorp, has resigned from the Board effective December 31, 2025, citing personal reasons.

Glen Burnie Bancorp reported a net loss of $212,000 for the second quarter of 2025, while advancing strategic initiatives including a mortgage company acquisition and significant cost reductions.

The Bank of Glen Burnie, a wholly-owned subsidiary of Glen Burnie Bancorp, has entered into a definitive agreement to acquire VA Wholesale Mortgage Incorporated for $750,000 cash consideration and a three-year earn-out based on net earnings and loan volume.

Glen Burnie Bancorp reported increased net income for the nine months ended September 30, 2025, driven by strategic loan growth and a significant acquisition, despite rising non-interest expenses.

Glen Burnie Bancorp reported a significantly narrowed net loss for the first half of 2025 and a positive comprehensive income, driven by a credit loss allowance release and unrealized gains on securities, despite increased operating expenses.

Glen Burnie Bancorp's Q1 2025 net income increased to $153,000, driven by reduced credit loss provisions and unfunded commitment losses, despite higher expenses and lower noninterest income.

Glen Burnie Bancorp experienced a net loss of $72,000 for the first nine months of 2024, impacted by increased interest expenses and credit loss provisions, despite loan portfolio growth.

Glen Burnie Bancorp reported a net loss for the second quarter of 2024, primarily due to increased interest expenses and provision for credit losses.

Glen Burnie Bancorp's first quarter of 2024 saw a significant decrease in net income due to increased interest expenses and credit loss provisions, despite a slight increase in loan interest income.

Glen Burnie Bancorp reports a net loss of $112,000 for 2024, while experiencing growth in its loan portfolio.

Glen Burnie Bancorp experienced a net loss of $0.1 million in 2024, a significant downturn compared to the $1.4 million net income in 2023, primarily due to decreased net interest income and increased expenses.

Glen Burnie Bancorp filed an amendment to its 2023 annual report on Form 10-K to correct an exhibit, specifically Exhibit 23.1, which relates to the consent of independent public accountants.

Glen Burnie Bancorp's 2023 annual report reveals a decrease in net income despite an increase in net interest income, alongside a significant decrease in total assets.

Julie M. Mussog, a Director at Glen Burnie Bancorp, purchased 900 shares of common stock at $4.2822 per share, increasing her direct beneficial ownership to 1,000 shares.

Felton Magee Jr., a director at Glen Burnie Bancorp, acquired 1,000 shares of common stock at $4.79 per share, increasing his total beneficial ownership to 1,100 shares.

Glen Burnie Bancorp's President and CEO, Mark Christopher Hanna, has increased his direct ownership in the company by purchasing 3,000 shares of common stock for $4.76 per share.

Jeffrey A. Welch, Executive Vice President of GLEN BURNIE BANCORP, has increased his direct beneficial ownership of the company's common stock through multiple open market purchases in May 2025.

Mark Christopher Hanna, President and CEO of Glen Burnie Bancorp, reports multiple purchases of common stock between May 14 and May 20, 2025, increasing his holdings.

Director Stanford Hess reported purchasing shares of Glen Burnie Bancorp (GLBZ) in two transactions, increasing his holdings.

Glen Burnie Bancorp will hold its 2025 Annual Meeting of Stockholders on May 8, 2025, to elect directors, ratify the selection of auditors, and vote on executive compensation matters.

Glen Burnie Bancorp will hold its 2024 Annual Meeting of Stockholders on May 9, 2024, to elect directors and ratify the selection of auditors.

AllianceBernstein L.P. has disclosed a 6.9% beneficial ownership stake in Glen Burnie Bancorp's Common Stock, held for investment purposes.

AllianceBernstein L.P. has reported a 5.4% beneficial ownership stake in Glen Burnie Bancorp's common stock, held for investment purposes on behalf of client accounts.