공시 • Feb 21
Glen Burnie Bancorp Announces Board Changes Glen Burnie Bancorp announced on February 20, 2026 that current board member and local business leader, Jay Baldwin, has assumed the role of Chair of the Board of Directors effective February 20, 2026. Baldwin succeeds John “Jack” E. Demyan who announced his retirement at the February 19, 2026, meeting of the Glen Burnie Bancorp Board of Directors. Demyan retires after serving as Chair since 1996 and will continue his service as a board member. In recognition of his decades of dedicated service to the Company, the board bestowed Demyan with the honorary title Chairman Emeritus. Thomas “Tommy” Clocker also announced his intention to retire effective May 14, 2026. Clocker has served as a director since 1995. A native of Anne Arundel County and alumnus of the University of Maryland, Baldwin has served as the President and CEO of Reliable Contracting Company Inc., since 2002 and grew the business into one of Maryland’s large site work, road, and highway construction companies. In addition, Jay founded Reliable Commercial Construction and Reliable Real Estate Services and is active in several other successful local businesses. During his career, Jay has been widely recognized as a business and philanthropic leader in Anne Arundel County and the State of Maryland. 공시 • Jan 14
Glen Burnie Bancorp Files Form 15 Glen Burnie Bancorp has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Common Stock under the Securities Exchange Act of 1934, as amended. The par value of the company's Common Stock was $1.00 per share. 공시 • Dec 26
Glen Burnie Bancorp(OTCPK:GLBZ) dropped from S&P TMI Index Glen Burnie Bancorp(OTCPK:GLBZ) dropped from S&P TMI Index 공시 • Dec 24
Glen Burnie Bancorp(OTCPK:GLBZ) dropped from NASDAQ Composite Index Glen Burnie Bancorp has been dropped from the NASDAQ Composite Index. 공시 • Dec 13
Glen Burnie Bancorp Announces Intended Voluntarily Delisting Shares from Nasdaq Glen Burnie Bancorp (“Bancorp”) announced that Bancorp’s board of directors has approved the voluntarily delisting of Bancorp’s common stock (and related common stock purchase rights) from The Nasdaq Capital Market and the subsequent voluntary deregistration of its common stock with the U.S. Securities and Exchange Commission in order to terminate and suspend its reporting obligations under the Securities Exchange Act of 1934, as amended. Simultaneously with this announcement, Bancorp notified Nasdaq of its intention to voluntarily delist its shares of common stock from Nasdaq. In connection with the contemplated delisting and deregistration, Bancorp intends to file a Form 25 with the SEC on or about December 22, 2025. The delisting from Nasdaq is expected to become effective on January 1, 2026, 10 days after filing the Form 25. Bancorp currently expects that the trading of its common stock on Nasdaq will be suspended upon the filing of the Form 25 on or about December 22, 2025. Following the delisting of Bancorp’s common stock from Nasdaq, Bancorp intends to file a Form 15 with the SEC on or about January 2, 2026 certifying that it has fewer than 1,200 shareholders of record. Upon filing the Form 15, Bancorp's filing obligations under the Exchange Act will immediately be suspended, and its obligations to file certain Exchange Act reports and forms with the SEC, including certain Forms 10-K, 10-Q and 8-K, will cease. Bancorp expects that the deregistration of its common stock will become effective 90 days after the filing of the Form 25 with the SEC. The Board based its decision to delist and deregister Bancorp’s common stock on Bancorp’s intention to provide liquidity to its stockholders following the delisting by taking actions within its control to have the common stock traded on the OTCQX, operated by OTC Markets Group Inc. Bancorp has filed an application for its common stock to be quoted on the OTCQX platform, operated by the OTC. The Board has determined that the burdens associated with operating as a registered public company outweigh any advantages to Bancorp and its stockholders at this time. The Board made the decision to delist and deregister Bancorp’s common stock following its review and careful consideration of several factors, including, but not limited to, Bancorp’s likely future non-compliance with the continued listing requirements of Nasdaq that would inevitably result in delisting of Bancorp’s common stock by Nasdaq, lack of research coverage of Bancorp by securities and industry analysts, the lack of an active trading market for Bancorp’s securities on Nasdaq, the potential for eliminating the significant costs associated with preparing and filing periodic reports with the SEC and the legal, audit and other expenses associated with being a public reporting company listed on Nasdaq, as well as the substantial demands on management’s time in complying with these requirements. Once delisted and deregistered, the Board believes that Bancorp will redirect its financial and management resources to a wider range of business opportunities. Buy Or Sell Opportunity • Nov 13
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to US$4.77. The fair value is estimated to be US$3.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.9% over the last 3 years. Earnings per share has declined by 83%. 
