Glen Burnie Bancorp Announces New Board Members
August 16 2018 - 9:43AM
Glen Burnie Bancorp (“Bancorp”) (NASDAQ: GLBZ), the bank holding
company for The Bank of Glen Burnie (“Bank”), announced today the
addition of two new members to its Board of Directors effective
August 9, 2018. Joining the Board of Directors are Joan M. Rumenap
and Stanford D. Hess.
“We are pleased to welcome these accomplished leaders to our
Board,” said John D. Long, President and CEO. “They bring a wealth
of knowledge and expertise to the Company and we are confident
their insight and perspective will prove invaluable to our
continued growth and success. The diversity of their backgrounds
truly personifies the spirit of a community bank. We are thrilled
to add such high caliber community leaders to our Board as we
continue to best serve the financial needs of our local community
and bring value to our shareholders.”
Joan M. Rumenap has spent her career tirelessly
serving as an advocate for individuals with disabilities. For more
than 30 years, she has worked with various organizations tasked
with coordinating resources, securing access and funding, as well
as supporting quality assurance efforts. Currently serving as a
Support Broker at Accessible Resources for Independence, Ms.
Rumenap guides recipients who chose to self-direct support from the
Maryland Developmental Disabilities Administration (DDA) to enhance
independence and quality of life. On a part-time basis, she also
serves as a Personal Advocate at By Their Side where she provides
advocacy for the health, safety, happiness and rights of persons
with disabilities.
Earlier in her career, Ms. Rumenap served as Director of Special
Projects and Director of Advancement at Abilities Network and as
the Statewide Quality Assurance Chief at DDA. Active in the local
community, she serves on various committees and community
organizations and was recognized by The Glen Burnie Rotary Club in
2017 as a Service Above Self Community Service Award
recipient.
Stanford D. Hess, a corporate finance attorney,
brings more than 50 years of legal experience focused on business
planning and transactions as well as commercial real estate. Mr.
Hess also has extensive experience in the automobile industry.
Currently a partner at Neuberger, Quinn, Gielen, Rubin &
Gibber, P.A., Mr. Hess also serves as Executive Vice President and
legal counsel for Antwerpen Automotive Group. Earlier in his
career, Mr. Hess served as Assistant Attorney General in the
Maryland Attorney General’s Office and as Chief Counsel to the
Department of Licensing Regulation.
Throughout his career, Mr. Hess has served a variety of clients
including business and real estate transactions, automotive
dealers, general contractors, and banking institutions throughout
the Baltimore and Mid-Atlantic region. His banking experience
includes serving as chairman of the State Commission to Study the
Regulatory Structure of Banking, Savings and Loan and Small Loan
Industries. He also served as a member of the Governor’s Advisory
Panel to Study the Movement towards Electronic Funds Transfer.
Glen Burnie Bancorp Information
Glen Burnie Bancorp is a bank holding company headquartered in
Glen Burnie, Maryland. Founded in 1949, The Bank of Glen
Burnie® is a locally-owned community bank with 8 branch offices
serving Anne Arundel County. 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. The Bank also originates automobile loans
through arrangements with local automobile dealers.
Additional information is available at
www.thebankofglenburnie.com.
Forward-Looking Statements
The statements contained herein that are not historical
financial information, may be deemed to constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Such statements are subject to certain
risks and uncertainties, which could cause the company’s actual
results in the future to differ materially from its historical
results and those presently anticipated or projected. These
statements are evidenced by terms such as “anticipate,” “estimate,”
“should,” “expect,” “believe,” “intend,” and similar expressions.
Although these statements reflect management’s good faith
beliefs and projections, they are not guarantees of future
performance and they may not prove true. For a more complete
discussion of these and other risk factors, please see the
company’s reports filed with the Securities and Exchange
Commission.
For further information contact:
John D. Long, President and CEO 410-768-8871jlong@bogb.net101
Crain Highway, SEGlen Burnie, MD 21061
Glen Burnie Bancorp (NASDAQ:GLBZ)
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