Glen Burnie Bancorp (GLBZ) Files Form 4 Insider Buying : Edward L Maddox Buys 165 Shares

Glen Burnie Bancorp (GLBZ): Edward L Maddox , director of Glen Burnie Bancorp purchased 165 shares on May 27, 2016. The Insider buying transaction was reported by the company on Jun 1, 2016 to the Securities and Exchange Commission. The shares were purchased at $10.44 per share for a total value of $1,727.52 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 25, 2016, Edward L Maddox (director) purchased 800 shares at $10.45 per share price.On Feb 29, 2016, F William Jr Kuethe (director) sold 2,979 shares at $10.48 per share price.Also, On Feb 29, 2016, John D. Long (Executive Vice President) purchased 1,000 shares at $10.57 per share price.On Sep 16, 2015, John E Demyan (director) purchased 1,000 shares at $11.90 per share price.

Glen Burnie Bancorp is a bank holding company. The Company 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 Company offers consumer and commercial loans. The Company’s real estate financing consists of residential first and second mortgage loans home equity lines of credit and commercial mortgage loans. Commercial lending consists of both secured and unsecured loans. The Company originates automobile loans through arrangements with local automobile dealers. The Company’s deposits are insured up to applicable limits by the Federal Deposit Insurance Corporation (FDIC). The Company maintains a remote Automated Teller Machine (ATM) in Pasadena Maryland. The Bank is a member of the Cirrus Star Pulse and MoneyPass ATM networks.

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