GLEN BURNIE BANCORP (NASDAQ:GLBZ) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
(b)Glen Burnie Bancorp (the “Company”) is saddened to announce that on September 24, 2017, F. William Kuethe, Jr. passed away after a brief illness. Mr. Kuethe was a member of the Board of Directors of Glen Burnie Bancorp (the “Company”) since 1995, President and Chief Executive Officer of the Company and its wholly-owned subsidiary, The Bank of Glen Burnie, from 1995 until his retirement in 2007, and was President Emeritus of the Company since 2007.
About GLEN BURNIE BANCORP (NASDAQ:GLBZ)
Glen Burnie Bancorp is the bank holding company for The Bank of Glen Burnie (the Bank), a commercial bank. The Bank is engaged in the commercial and retail banking business, including the acceptance of demand and time deposits, and the origination of loans to individuals, associations, partnerships and corporations. Its real estate financing consists of residential first and second mortgage loans, home equity lines of credit and commercial mortgage loans. Its lending activities include residential and commercial real estate loans, construction loans, land acquisition and development loans, and consumer installment lending, including indirect automobile lending. Its deposit products include regular savings accounts (statements), money market deposit accounts, demand deposit accounts, negotiable order of withdrawal (NOW) checking accounts, individual retirement account (IRA) and simplified employee pension (SEP) accounts, Christmas club accounts and certificates of deposit.
