Glen Burnie Bancorp 8-K filings

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 announced the retirement of its Chief Financial Officer, Jeffrey D. Harris, effective June 30, 2025, and the appointment of CEO Mark C. Hanna as interim Treasurer and Principal Accounting Officer, alongside engaging Artisan Advisors for financial support.

Glen Burnie Bancorp announced that Jeffrey D. Harris, its Treasurer and Chief Financial Officer, will retire effective June 30, 2025, prompting the company to commence a search for his replacement.

Glen Burnie Bancorp held its annual meeting on May 8, 2025, where stockholders elected directors and approved proposals related to auditor selection and executive compensation.

Glen Burnie Bancorp announces a significant increase in net income for the first quarter of 2025, driven by a decrease in the allowance for credit losses.

Glen Burnie Bancorp offered an early retirement package to eligible employees, resulting in a one-time expense of $292,675 but anticipated annual savings of $380,000.

Glen Burnie Bancorp announced a net loss for both the fourth quarter and full year of 2024, leading to the suspension of quarterly cash dividends to shareholders.

Glen Burnie Bancorp reports the termination of Andrew J. Hines, Executive Vice President and Chief Lending Officer of The Bank of Glen Burnie, effective January 10, 2025.

Glen Burnie Bancorp announced a decrease in net income for the third quarter of 2024 compared to the same period last year, alongside a net loss for the first nine months of the year.

Glen Burnie Bancorp has appointed Felton Magee, Jr. as a new director, effective September 12, 2024, to fill a board vacancy.

Glen Burnie Bancorp announced a net loss of $204,000 for the second quarter of 2024, compared to a net income of $276,000 for the same period last year, primarily due to increased interest expenses and provision for credit losses.

Glen Burnie Bancorp has appointed Joseph G. Jay Baldwin as a new director, effective July 11, 2024, to fill a vacancy on the board.

Glen Burnie Bancorp successfully held its annual meeting, electing three directors and ratifying the selection of an outside auditing firm for the fiscal year ending December 31, 2024.

Glen Burnie Bancorp's first quarter 2024 net income was significantly down to $3,000, compared to $0.44 million in the same period last year, due to increased deposit and borrowing costs.

Glen Burnie Bancorp's net income decreased in both the fourth quarter and full year of 2023 compared to 2022, primarily due to rising interest rates and industry turmoil.