Welcome to our dedicated page for Glen Burnie Bancorp SEC filings (Ticker: GLBZ), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Glen Burnie Bancorp SEC filings document the company’s public-company reporting record as a Maryland bank holding company and parent of The Bank of Glen Burnie. Its Form 8-K filings cover results of operations and financial condition, finance-leadership appointments, material-event disclosures, exhibits, and common-stock registration information tied to GLBZ.
The filing record also includes a Form 15-12G for the company’s common stock, par value $1.00 per share, documenting termination of registration under Section 12(g) or suspension of Exchange Act reporting duties. Related disclosures address voluntary delisting and deregistration matters, capital-structure status, and governance changes.
Glen Burnie Bancorp plans to voluntarily delist its common stock from the Nasdaq Capital Market and then voluntarily deregister the stock with the U.S. Securities and Exchange Commission.
The company states that, following deregistration, it intends to terminate and suspend its ongoing reporting obligations under the Securities Exchange Act of 1934, so it would no longer file regular public reports such as annual and quarterly statements. These plans were disclosed in a press release dated December 12, 2025, which is furnished as Exhibit 99.1.
Glen Burnie Bancorp director reports open-market stock purchase
A director of Glen Burnie Bancorp (GLBZ), Felton Magee, reported buying 1,000 shares of common stock on 11/14/2025 at a price of $4.79 per share. After this transaction, he beneficially owned 1,100 shares in total. Of these, 1,000 shares are held directly, while an additional 100 shares are held indirectly through an entity wholly owned by him. This filing is a routine Form 4 disclosure of insider trading activity required under U.S. securities rules.
Glen Burnie Bancorp appointed Todd Capitani as Treasurer and Chief Financial Officer of the company and as Chief Financial Officer/Executive Vice President and Treasurer of The Bank of Glen Burnie, effective November 17, 2025. Capitani, age 59, brings extensive banking and finance experience, including serving as CFO of Shore Bancshares, Inc. from 2009 to 2025 and prior roles in consulting, corporate finance, and public accounting. Under his employment terms, he will receive an annual base salary of $270,000, be eligible for incentive compensation tied to performance goals, and receive a grant of company common stock under the 2019 Equity Incentive Plan that vests over four years. His employment is at will and may be terminated by either party at any time.
Glen Burnie Bancorp reported a modest profit in Q3, with net income of $125 thousand (basic EPS $0.04). For the nine months, net income was $66 thousand, reversing a loss a year ago as credit provisions shifted to a release. Net interest income was steady, and noninterest income benefited from mortgage commissions tied to the Bank’s August acquisition of VA Wholesale Mortgage Incorporated.
Total assets were $351.8 million and loans, net, rose to $212.8 million as deposits increased to $329.1 million. The Company eliminated $30.0 million of short‑term borrowings and improved accumulated other comprehensive loss, with unrealized losses on available‑for‑sale securities narrowing to $22.3 million from $26.2 million at year‑end. Asset quality mixed: 30–89 day delinquencies declined, but nonaccrual and 90+ days totaled $1.2 million, while the allowance stood at $2.6 million. Stockholders’ equity increased to $20.7 million, aided by AOCI improvement and restricted stock issuance. Common shares outstanding were 2,919,695 as of November 4, 2025.
Glen Burnie Bancorp reported results for the fiscal quarter ended September 30, 2025, and furnished the details via an 8‑K. The Company attached a press release as Exhibit 99.1 dated October 31, 2025. The materials are furnished to, but not filed with, the SEC and are not incorporated by reference into other SEC filings. The common stock trades on the Nasdaq Capital Market under the symbol GLBZ.
Glen Burnie Bancorp reported modest balance sheet shifts and improved operating results for the six months ended June 30, 2025. Total assets were $350.7 million, down from $359.0 million at year-end, driven primarily by a $11.8 million decline in cash and cash equivalents to $12.7 million. Loans outstanding increased to $213.4 million, up $8.1 million from $205.2 million, while deposits grew to $317.3 million, an $8.1 million increase.
The company reduced reliance on short-term borrowings, which fell by $17.0 million to $13.0 million. Stockholders' equity rose to $18.9 million from $17.8 million. For the six months, the company recorded a net loss of $59 thousand, narrower than the prior-year six‑month loss of $201 thousand. The allowance for credit losses was $2.6 million. Investment securities had $24.6 million of unrealized losses, which management attributes to market factors and does not consider credit impairments.
AllianceBernstein L.P. reports beneficial ownership of 198,858 shares of Glen Burnie Bancorp common stock, representing 6.9% of the class. The filer indicates it holds sole voting and sole dispositive power over these shares and that they were acquired solely for investment purposes on behalf of client discretionary accounts.
The filing identifies AllianceBernstein as an investment adviser organized in Delaware and notes it is a majority-owned subsidiary of Equitable Holdings, Inc. while operating under independent management; Equitable Holdings reports its ownership separately. The statement affirms the position was not acquired to change or influence control of the issuer.