The Bank of Glen Burnie will open a new Loan Production Office at 2525 Riva Road, Suite 141, Annapolis, Maryland, scheduled to open in mid‑April. The office will focus on commercial lending and deposit services for small‑to‑medium‑sized businesses in the southern portion of Anne Arundel County, extending the bank’s footprint beyond its six existing branches in the northern part of the county.
The bank has hired John Camden as Vice President and Annapolis Market Executive. Camden brings experience from First National Bank, where he managed a $60 million commercial loan portfolio and generated $10 million in wealth production, and from Sandy Spring Bank. He will report to Senior Vice President and Chief Lending Officer Jonathan Shearin and will lead business development, outreach, and relationship building in the Annapolis market.
Mark Hanna, President and CEO, said, "We are thrilled to enter the dynamic and vibrant Annapolis market. Over the past few years, we have added products and services available to commercial customers that bring big bank options to customers along with the local, personalized service that sets us apart from our competitors and allows us to be a trusted partner. We continue to invest in the local success of the customers and local businesses we serve. We have an incredible team ready to build relationships, grow deposits, and meet the lending needs in Annapolis and this expansion represents a significant step forward toward our long‑term growth objectives." Jonathan Shearin added, "John is an industry veteran with extensive commercial lending experience. His community service, leadership experience, deep ties to Annapolis, and strong relationships within the local community make him ideally suited to lead the Bank's growth efforts in this market." Camden said, "I am excited to join The Bank of Glen Burnie and the Bank's focus on community values are well aligned with my community‑centered approach to business development. Growing the Annapolis market will create new growth opportunities and I look forward to being a part of the trajectory that lies ahead as we strive to meet the diverse financial needs of local businesses and to help them build financial success."
The expansion is part of Glen Burnie Bancorp’s broader strategy to become the "bank for business" in Anne Arundel County and surrounding markets. The new LPO will increase loan originations and deposit growth in a region where the bank has historically relied on branch presence. With a total asset base of roughly $352 million and six branches in the northern county, the move signals a modest but deliberate shift toward incremental growth within its core geographic footprint. The bank’s recent strategic repositioning, including a voluntary delisting from Nasdaq in December 2025 and the acquisition of VA Wholesale Mortgage in August 2025, underscores its focus on community‑centric expansion and operational efficiency.
The new office and senior hire come as the bank balances a recent net loss in Q4 2025 with a net income of $153,000 in Q1 2025. The incremental investment in Annapolis reflects confidence in the local commercial market and a commitment to strengthening the bank’s competitive position while maintaining a disciplined balance sheet.
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