GLEN BURNIE, MD – Glen Burnie Bancorp (NASDAQ:GLBZ), a $16.5 million market cap regional bank known for its 28-year track record of consistent dividend payments, has reported the departure of one of its top executives, Andrew J. Hines. The announcement came through a filing with the Securities and Exchange Commission dated today, January 10, 2025. According to InvestingPro data, the bank currently offers an attractive 6.92% dividend yield.
Andrew J. Hines, who has been serving as the Executive Vice President since 2017 and Chief Lending Officer since 2014, has ended his relationship with the Bank effective immediately. The reasons for his departure were not disclosed in the filing.
Hines's tenure at the Bank has spanned over a decade, during which he played a significant role in the Bank's lending operations. His departure marks a notable change in the Bank's executive team.
Glen Burnie Bancorp, headquartered at 101 Crain Highway S.E., Glen Burnie, Maryland, operates as a state commercial bank within the financial sector. The company has not yet announced a successor or any details regarding the transition of Hines's former responsibilities.
The Bank of Glen Burnie, a wholly owned subsidiary of Glen Burnie Bancorp, has been serving the Maryland community since its establishment. The Bank offers a variety of banking services, including personal and business banking products.
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