Glen Burnie Bancorp (GLBZ)

Glen Burnie Bancorp is the bank holding company for The Bank of Glen Burnie, a community bank founded in 1949 and based in Glen Burnie, Maryland. The bank serves customers primarily in northern Anne Arundel County and surrounding areas. It operates from a main office and branch in Glen Burnie and additional branches in Odenton, Riviera Beach, Crownsville, Severn, Linthicum and Severna Park.

The bank provides a standard range of deposit products, including savings, money market, demand deposit and NOW checking accounts, IRA and SEP accounts, and certificates of deposit. Its lending includes residential and commercial real estate loans, construction and land development loans, commercial loans and consumer installment loans, notably indirect automobile lending. It also offers home equity lines and first and second residential mortgages.

Ancillary services include safe deposit boxes, money orders, night depositories, automated clearinghouse transactions and ATMs, along with online banking, bill pay, mobile deposit capture and Zelle. For businesses the bank offers treasury services such as wire transfers and ACH. The company also engages in acquiring, holding and disposing of real property.

Glen Burnie Bancorp's common stock traded on the Nasdaq market under the symbol GLBZ. With a small market capitalization and a single-market footprint, the company was among the smaller publicly traded bank holding companies. Costs associated with exchange listing and SEC reporting weigh heavily on institutions of that size.

The company announced its intention to voluntarily delist its common stock from Nasdaq and to terminate the registration of its stock with the SEC. This type of decision typically aims to reduce compliance costs and administrative burden, and to allow management to focus on the bank's operations. The company filed an SEC Form 25 on December 22, 2025.

Following the Form 25, the delisting was expected to take effect in early January 2026, and the company planned to file a Form 15 to end its SEC reporting obligations. OTC Markets Group announced that Glen Burnie Bancorp's shares would be quoted on the OTCQX market under the same symbol, GLBZ. As a result, shareholders can continue to trade the shares over the counter.

Because the company is not an acquisition target, no merger consideration was paid. The Bank of Glen Burnie continues to operate as an independent community bank.