On June 30, 2023, John D. Long, a member of the Board of Directors and President of Glen Burnie Bancorp and its wholly-owned subsidiary, The Bank of Glen Burnie (the ‘Bank’) since 2016, notified the Company’s Board of Directors that, effective December 31, 2023, he will retire from his positions with, and as a director of, the Company and the Bank, to spend more time with family and pursue other opportunities. The Board of Directors has commenced an executive search for a new President. Mr. Long will work closely with the Board of Directors to ensure a smooth leadership transition and will remain at the Bank during the transition period.

The Board of Directors has commenced an executive search and will oversee the process of choosing Mr. Long’s successor.