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the bank of glen burnie is a safe, sound, community oriented bank committed to excellence in satisfying the needs of our customers, shareholders and employees. the bank has eight branches in anne arundel county, maryland. we offer consumer and commercial services to our community. member fdic.
The Bank of Glen Burnie has appointed Todd Capitani as Executive Vice President and Chief Financial Officer, a move aimed at bolstering the bank's strategic growth and financial management. Capitani brings over 35 years of experience in finance across various sectors, including a significant role in expanding Shore Bancshares, Inc. to over $6 billion in assets. His expertise in capital planning, asset-liability management, and regulatory relations will be crucial in guiding the Bank's financial strategy and ensuring long-term value for stakeholders.
The Bank of Glen Burnie (NASDAQ: GLBZ) has appointed Todd Capitani as Executive Vice President and Chief Financial Officer, effective December 3, 2025. With over 35 years of experience in finance, including leading significant asset growth and multiple capital raises at his previous role, Capitani is expected to guide the bank's financial strategy and long-term growth initiatives. His expertise in capital planning, asset-liability management, and public reporting is seen as a key asset for GLBZ's strategic priorities.
Glen Burnie Bancorp has appointed Todd Capitani as CFO and treasurer for the company and its subsidiary, The Bank of Glen Burnie. Mr. Capitani, previously CFO of Shore Bancshares, Inc., brings extensive financial experience and will receive an annual salary of $270,000, along with equity compensation. The bank also recently acquired VA Wholesale Mortgage, Inc. to expand its home financing services.
Glen Burnie Bancorp offset last quarter's loss with a $125,000 net income in Q3, driven by a new mortgage unit and enhanced lending operations. The company increased its net interest margin to 3.24% by shifting to higher-yielding loans and integrating VA Wholesale Mortgage, resulting in $0.04 earnings per share despite a slight dip in net income year-over-year. This rebound highlights an agile strategy for regional banks facing high interest rates and deposit competition.
GLEN BURNIE, Md., Aug. 18, 2025 ( GLOBE NEWSWIRE ) -- The Bank of Glen Burnie®, a wholly owned subsidiary of Glen Burnie Bancorp GLBZ, continued its plans for growth and expansion through today's completed acquisition of VA Wholesale Mortgage, Inc., announced Mark C.
Glen Burnie Bancorp ( NASDAQ:GLBZ ) , a community bank serving Anne Arundel County, Maryland, released its second quarter results on July 29, 2025. The bank reported a net loss of $0.07 per diluted share ( GAAP ) as nonrecurring restructuring costs weighed on profitability.
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