The Bank of Glen Burnie
The Bank of Glen Burnie is a Maryland community bank, founded in 1949, that offers personal and business banking, mortgages, and consumer credit cards to retail consumers and SMBs across Anne Arundel County via six branches and digital channels.
- Company typePublic
- Founded1949
- HeadquartersGlen Burnie, United States
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What The Bank of Glen Burnie does
The Bank of Glen Burnie is a Maryland state-chartered commercial bank founded in 1949 and headquartered in Glen Burnie, Maryland, operating as the wholly-owned banking subsidiary of Glen Burnie Bancorp (OTCQX: GLBZ). It is the oldest independent commercial bank in Anne Arundel County and serves retail consumers and small-to-medium-sized businesses primarily across northern Anne Arundel County through six physical branches (Glen Burnie main and New Cut, Odenton, Riviera Beach/Pasadena, Crownsville, Severn) plus a new Loan Production Office in Annapolis opened in April 2026. The product portfolio spans consumer and business deposit services (checking, savings, Money Market ADVANTAGE, Smart Growth Flex CD, IRAs), consumer and business lending (residential and commercial mortgages, HELOCs, SBA loans, auto/boat, personal loans), cash management (Remote Deposit Capture, ACH Manager, Positive Pay, Wire Manager), a five-card consumer credit card family launched in late 2024, and residential mortgage origination through the BOGB Mortgage Solutions brand and the August 2025-acquired VA Wholesale Mortgage subsidiary.
The Bank of Glen Burnie firmographics
Firmographics- Name
- The Bank of Glen Burnie
- Legal name
- The Bank of Glen Burnie
- Website
- https://thebankofglenburnie.com
- Company type
- Public
- Founded year
- 1949
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- The Bank of Glen Burnie is a Maryland community bank, founded in 1949, that offers personal and business banking, mortgages, and consumer credit cards to retail consumers and SMBs across Anne Arundel County via six branches and digital channels.
- Ownership category
- akta.pro rank
The Bank of Glen Burnie industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (522110), Savings Institutions and Other Depository Credit Intermediation (522180), Depository Credit Intermediation (5221)
- SIC
- State Commercial Banks (6022), Mortgage Bankers & Loan Correspondents (6162)
- akta.pro primary industry
- SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)
Keywords
Where The Bank of Glen Burnie is headquartered
LocationHeadquarters
- HQ city
- Glen Burnie
- HQ country
- United States
- HQ region
- North America
Offices7 records
Markets served
The Bank of Glen Burnie business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Net Interest Income: Interest earned on loan portfolio including residential mortgages, commercial mortgages, automobile loans, and home equity lines of credit. Primary revenue driver.
- Mortgage Banking: Revenue from mortgage originations through VA Wholesale Mortgage subsidiary including origination fees and gain on sale of mortgages
- Deposit Service Charges and Fees: Fees from deposit accounts, ATM transactions, wire transfers, and other banking services
- Credit Card Income: Interchange revenue and fees from consumer and business credit card programs
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Money Market ADVANTAGE Account - 3.51% APY with $25,000 minimum |
| Unit Pricing | Annual | Smart Growth Flex CD - 2.78% APY ($500 min) to 3.82% APY ($25,000 min) |
| Subscription | Monthly | HELOC - 5.99% intro APR for 6 months, 6.75% variable APR thereafter |
| Other | Monthly | BOGB Platinum Credit Card - Low APR, no annual fee |
| Other | Monthly | BOGB Platinum Rewards Credit Card - Unlimited 1% cash back |
| Other | Annual | BOGB World Credit Card - 3% on travel/dining, 2% on gasoline, $95 annual fee after first year |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels6 records
The Bank of Glen Burnie product offering
Product offeringCore offering
The Bank of Glen Burnie is a community bank offering personal and business banking products including checking accounts, savings accounts, certificates of deposit, money market accounts, IRAs, mortgages, home equity lines of credit, vehicle and boat loans, personal loans, business loans, SBA loans, and consumer credit cards. Services are delivered through six physical branches across Anne Arundel County, Maryland, digital banking platforms, and a Loan Production Office in Annapolis, supplemented by its wholly-owned mortgage subsidiary VA Wholesale Mortgage, Inc.
Product overview
The Bank of Glen Burnie operates as a community bank offering a unified suite of personal and business banking products through its six branch locations and digital channels. The product portfolio centers on deposit services (checking, savings, CDs, IRAs, money market accounts), lending products (mortgages, home equity, vehicle/boat loans, personal loans, SBA and commercial business loans), and digital banking platforms (online and mobile banking with card management). In August 2025, the bank acquired VA Wholesale Mortgage, Inc., a veteran-focused mortgage company now operated as a dedicated division under the BOGB Mortgage Solutions brand, providing FHA, VA, conventional, jumbo, and non-QM mortgage products. The bank also launched new consumer credit card products in late 2024/early 2025. Recent expansion includes a new Loan Production Office in Annapolis, Maryland opening in 2026 to serve commercial customers in southern Anne Arundel County.
Differentiator
Problem solved
Functional benefit
Brands
- BOGB Mortgage Solutions: Mortgage lending services offered through the bank's wholly-owned subsidiary VA Wholesale Mortgage, Inc., providing home financing including fixed-rate mortgages, adjustable-rate mortgages, FHA loans, VA loans, and conventional loans.
- Bank of Glen Burnie Platinum
- Bank of Glen Burnie Platinum Rewards
- Bank of Glen Burnie World
- Bank of Glen Burnie Platinum Secured
- Smart Growth Flex CD
- Money Market ADVANTAGE Account
Quantifiable outcome
- Loan portfolio grew $11.3 million to $242.6 million in Q1 2026
- +2 more outcomes
Companies that use The Bank of Glen Burnie
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
The Bank of Glen Burnie technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
AI capability1 record
Feature2 records
The Bank of Glen Burnie partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and minor.
- VA Wholesale Mortgage, Inc.coreAcquisition completed August 2025; VA Wholesale Mortgage operates as a dedicated division of The Bank of Glen Burnie. VAWM is a veteran-owned-and-operated mortgage company headquartered in Virginia Beach, Virginia, with an office in Jacksonville, Florida. Founded in 2019, VAWM offers home financing with special focus on active-duty and retired military members. CEO Eric Tan brings nearly 25 years of mortgage industry experience. VAWM closed approximately $125 million in mortgage loans in 2024. The acquisition expands the bank's mortgage offerings and geographic reach across multiple states including Florida, Georgia, Maryland, North Carolina, Tennessee, Texas, Virginia, and Washington DC.
- Milestone Mergers and AcquisitionsminorFairfax, Virginia-based mergers and acquisitions firm led by managing partner Gary Freedman that assisted The Bank of Glen Burnie through all phases of the VA Wholesale Mortgage acquisition transaction.
Scale indicators12 records
Recent moves8 records
Expansion highlights6 records
The Bank of Glen Burnie competitors and assessment
Company assessmentDirect peers
- Sandy Spring Bank: Maryland-headquartered community bank serving consumers and SMBs in the greater DC/Maryland region with full deposit, lending, mortgage, and treasury product lines. Both compete head-to-head in Anne Arundel County for retail and commercial customers, and The Bank of Glen Burnie's management previously included a Sandy Spring alumni.
- F&M Bank (Farmers & Merchants Bank): Independent community bank in Virginia's Shenandoah Valley serving retail and small business customers. CEO Mark Hanna led this bank immediately prior to joining The Bank of Glen Burnie, making it a near-direct precedent in terms of operating model and the playbook Hanna is now applying at BOGB.
- Burke & Herbert Bank: Virginia-based community bank with comparable deposit-taking, consumer/mortgage, and commercial lending products. The Bank of Glen Burnie's Chief Credit Officer Jeff Welch previously served as EVP/CCO there, reflecting an explicit talent and operating-model pipeline between the two.
- Primis Bank (Primis Financial Corp.): Mid-Atlantic community bank with comparable consumer/SMB lending focus and similar scale. BOGB's CLO Jonathan Shearin previously managed a $220M+ commercial portfolio at Primis, making it a relevant scale and product-set comparable.
- Shore Bancshares (Shore United Bank): Mid-Atlantic community bank holding company operating Shore United Bank with a similar consumer/SMB banking model. Glen Burnie Bancorp's CFO Todd Capitani and CLO Jonathan Shearin both previously held senior roles there, making it an immediate comparable on product mix, scale, and operating approach.
- Eastern Virginia Bankshares: Independent Virginia-based community bank holding company. Both BOGB's CEO Mark Hanna and CLO Jonathan Shearin previously held senior commercial-banking and treasury roles there, and EVB represents a comparable Mid-Atlantic independent community-banking franchise.
Broad incumbents
- M&T Bank: Large super-regional bank with extensive Maryland/DC branch presence including Anne Arundel County. Competes with BOGB across retail deposits, SMB lending, mortgage origination, and commercial cash management, and dwarfs BOGB on digital and treasury capabilities.
- First National Bank of Pennsylvania (FNB): Large Pennsylvania/Mid-Atlantic regional bank with a full retail and commercial banking franchise including mortgage origination. Vice President and Annapolis Market Executive John Camden previously served as VP of Commercial Banking there, and it overlaps with BOGB's Anne Arundel County footprint.
- EagleBank: Larger Maryland/DC-area commercial bank focused on SMB and commercial real estate lending, with broader branch and treasury capabilities than The Bank of Glen Burnie. It is the dominant regional competitor BOGB benchmarks against in commercial-banking segments.
Regional players
- HTLF (Heartland Financial USA / First Heartland): Multi-state community-banking platform with commercial and treasury banking offerings. BOGB's VP of Cash Management Ed Abedi previously served there, providing a direct talent cross-pollination and a comparable operational reference point for community-bank cash-management build-out.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
The Bank of Glen Burnie social profiles
Digital presenceThe Bank of Glen Burnie financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Bank of Glen Burnie leadership team
Management profileNumber of profiles
Profiles10 records
The Bank of Glen Burnie subsidiaries and ownership
Company hierarchySubsidiaries1 record
The Bank of Glen Burnie funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The Bank of Glen Burnie M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The Bank of Glen Burnie
What does The Bank of Glen Burnie do?
The Bank of Glen Burnie is a community bank offering personal and business banking products including checking accounts, savings accounts, certificates of deposit, money market accounts, IRAs, mortgages, home equity lines of credit, vehicle and boat loans, personal loans, business loans, SBA loans, and consumer credit cards. Services are delivered through six physical branches across Anne Arundel County, Maryland, digital banking platforms, and a Loan Production Office in Annapolis, supplemented by its wholly-owned mortgage subsidiary VA Wholesale Mortgage, Inc.
Is The Bank of Glen Burnie a public or private company?
The Bank of Glen Burnie is a public company. It is classified as public and is currently operating.
When was The Bank of Glen Burnie founded?
The Bank of Glen Burnie was founded in 1949. It employs 51 to 100 people.
Where is The Bank of Glen Burnie based?
The Bank of Glen Burnie is headquartered in Glen Burnie, United States, in the North America region.
How does The Bank of Glen Burnie make money?
Four revenue lines are on record. Net Interest Income is the primary driver. The others are mortgage Banking, deposit Service Charges and Fees and credit Card Income.
Who are The Bank of Glen Burnie's main competitors?
Direct peers on record are Sandy Spring Bank, F&M Bank (Farmers & Merchants Bank), Burke & Herbert Bank, Primis Bank (Primis Financial Corp.), Shore Bancshares (Shore United Bank) and Eastern Virginia Bankshares. Broad incumbents are M&T Bank, First National Bank of Pennsylvania (FNB) and EagleBank. HTLF (Heartland Financial USA / First Heartland) is listed as a regional player.
Does The Bank of Glen Burnie have an API?
No public API is recorded for The Bank of Glen Burnie.
What industry is The Bank of Glen Burnie in?
The Bank of Glen Burnie's product category is Community Banking. Its primary akta.pro industry code is FSABABAC, SME Deposits & Business Accounts (Operating, Savings, CDs). Its NAICS code is 522110 and its SIC code is 6022.