4.18
-0.48%
Close of 9 Nov 2026, in USD
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About Glen Burnie Bancorp
From its filings with the US Securities and Exchange Commission
Glen Burnie Bancorp is based in Glen Burnie, Maryland and is incorporated in Maryland. Its shares trade on OTC under the ticker GLBZ. The SEC classifies its business as state commercial banks. In the fiscal year to 31 December 2024, it reported a net loss of $111,563. At that date it held total assets of $359.0m and shareholders' equity of $17.8m.
Glen Burnie Bancorp (the “Company”) is a bank holding company organized in 1990 under the laws of the State of Maryland. The Company owns all the outstanding shares of capital stock of The Bank of Glen Burnie (the “Bank”), a commercial bank organized in 1949 under the laws of the State of Maryland, serving northern Anne Arundel County and surrounding areas from its main office and branch in Glen Burnie, Maryland and branch offices in Odenton, Riviera Beach, Crownsville, Severn (two locations), Linthicum and Severna Park, Maryland. As of January 31, 2025, the Bank closed the Linthicum branch and anticipates closing the Severna Park branch by May 31, 2025. The Bank also maintains a remote Automated Teller Machine (“ATM”) located in Pasadena, Maryland. The Bank maintains a website at www.thebankofglenburnie.com. It is the oldest independent commercial bank in Anne Arundel County. The Bank is engaged in the commercial and retail banking business as authorized by the banking statutes of the State of Maryland, including the acceptance of demand and time deposits, and the origination of loans to individuals, associations, partnerships and corporations.
Quoted from its 10-K, filed 8 Apr 2025. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 5 Nov 1974
- Employees
- 89
- Head office
- 101 CRAIN HWY SE, GLEN BURNIE, MD, 21061
- Incorporated in
- MD
- Classification
- State Commercial Banks
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Joseph BaldwinIndependent Chair of the Board$7,800
- Mr. John DemyanChairman Emeritus of the Board$77,064
- Mr. Mark HannaPresident, Chief Executive Officer, Interim Principal Accounting Officer and Interim Treasurer, Director, since 2023$309,820
- Mr. Todd CapitaniChief Financial Officer, Treasurer
- Mr. Jeffrey WelchExecutive Vice President, Chief Credit Officer of the Bank
- Ms. Michelle StambaughSenior Vice President, Human Resources Director$177,713
- Ms. Donna SmithSenior Vice President, Director of Branch and Deposit Operations$183,579
- Mr. Jonathan ShearinVice President, Director of Commercial Banking, Chief Lending Officer
- Mr. Thomas ClockerIndependent Director$20,300
- Mr. Andrew CoochIndependent Director$22,100
- Mr. Stanford HessIndependent Director$16,500
- Mr. Frederick KuetheIndependent Director, since 1992$25,700
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Glen Burnie Bancorp has been operating in the market for a significant period of time, which has helped it establish a strong presence. This established position allows the company to leverage its brand recognition and customer loyalty to drive growth and attract new customers.
- Glen Burnie Bancorp has consistently demonstrated strong financial performance, indicating its ability to generate sustainable profits and maintain stability. This financial strength provides the company with the necessary resources to invest in growth opportunities, expand its operations, and withstand market downturns.
Weaknesses
- Glen Burnie Bancorp primarily operates in a specific geographic area, which limits its potential customer base and growth opportunities. This narrow market focus may expose the company to higher risks associated with local economic conditions and competition.
- The bank's reliance on traditional banking models and its slower adoption of digital banking technologies may hold it back from fully capitalizing on the evolving financial landscape. Glen Burnie Bancorp needs to invest in modernizing its operations to stay competitive in an increasingly digital world.
Opportunities
- The increasing popularity of online banking presents an opportunity for Glen Burnie Bancorp to expand its digital offerings and attract tech-savvy customers. By enhancing its online banking platforms, the company can tap into a larger market segment and remain relevant in a digitally-driven industry.
- Glen Burnie Bancorp can explore strategic partnerships with financial technology companies or other industry players to leverage their expertise and expand its product and service offerings. Collaborations can help the organization deliver innovative solutions to its customers and gain a competitive edge.
Threats
- The banking sector is highly competitive, with numerous banks and financial institutions vying for market share. Glen Burnie Bancorp faces the constant threat of losing customers to competitors offering better rates, superior technology, or more attractive incentives. Staying ahead of the competition requires continuous innovation and differentiation.
- Economic downturns and fluctuations can impact Glen Burnie Bancorp's business operations, profitability, and credit quality. The bank must closely monitor economic indicators and adopt risk management strategies to mitigate potential losses during challenging economic periods.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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