Thomson Reuters Business Description
Glen Burnie Bancorp is a bank holding company. It owns all the outstanding shares of capital stock of The Bank of Glen Burnie (the Bank), a commercial bank. It provides services in northern Anne Arundel County and surrounding areas from its office and branch in Glen Burnie, Maryland and branch offices in Odenton, Riviera Beach, Crownsville, Severn (two locations), Linthicum and Severna Park, Maryland. The Bank also maintains two remote automated teller machine (ATM) locations in Ferndale and Pasadena, Maryland. 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. The Bank’s real estate financing consists of residential first and second mortgage loans, home equity lines of credit and commercial mortgage loans. Commercial lending consists of both secured and unsecured loans.
