Microvast Holdings announces departure of chief financial officer
Glen Burnie Bancorp (OTC:GLBZ) President and CEO Mark Christopher Hanna reported purchasing 3,000 shares of common stock on June 13, 2025. The shares were bought at a price of $4.76, totaling $14,280. The purchase comes as the $13.55M market cap bank trades near its Fair Value, according to InvestingPro analysis. The stock offers an attractive 8.51% dividend yield and has maintained dividend payments for 28 consecutive years.
Following the transaction, Hanna directly owns 16,570 shares of Glen Burnie Bancorp. The stock has shown significant volatility, trading between $3.78 and $6.99 over the past 52 weeks. For deeper insights into insider trading patterns and additional analysis, InvestingPro subscribers have access to real-time data and expert analysis.
In other recent news, Glen Burnie Bancorp announced that its Treasurer and Chief Financial Officer, Jeffrey D. Harris, will retire on June 30, 2025. The company is actively searching for a new CFO following this announcement in a recent SEC filing. Additionally, Glen Burnie Bancorp held its Annual Meeting of Stockholders, where 68.35% of eligible shares were represented. During the meeting, stockholders elected four directors to three-year terms and approved executive compensation, along with a decision to hold advisory votes on this matter every three years.
Furthermore, Glen Burnie Bancorp introduced an early retirement package, which was accepted by eight employees. This move is expected to save the company approximately $380,000 annually, despite an initial expense of $292,675 in the fiscal quarter ending June 30, 2025. The company also announced strategic changes to its lending team, promoting Jonathan Shearin to Chief Lending Officer and appointing Jeff Welch as Executive Vice President and Chief Credit Officer. These appointments are part of an initiative to expand Glen Burnie Bancorp’s commercial banking and lending portfolios.
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