U.S. Markets closed

Julie Mussog Joins Glen Burnie Bancorp’s Board of Directors

GLEN BURNIE, Md., May 13, 2019 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (“Bancorp”) (GLBZ), the bank holding company for The Bank of Glen Burnie (“Bank”), announced today the election of Julie Mussog to its Board of Directors effective May 9, 2019.

“We are pleased to welcome Ms. Mussog to our Board,” said John D. Long, President and CEO. “Her extensive community development experience, strong track record in implementing initiatives that improve financial operations, and in-depth understanding of the economic drivers of the Anne Arundel market uniquely position her to help The Bank of Glen Burnie provide critical access to capital to underserved markets and encourage growth and expansion in the local community. She brings a wealth of corporate finance expertise and audit experience to the Company. Her contributions will help drive the growth and oversight needs of the bank as we continue to best serve the financial needs of our local community and bring value to our shareholders.”

Julie Mussog recently joined MuniCap, Inc., a public finance consulting firm in Columbia, Maryland, where she holds the position of Senior Vice President. Previously, Ms. Mussog served as President and CEO of the Anne Arundel Economic Development Corporation (AAEDC) where she directed economic development activities to attract increased capital investments and expand and diversify employment opportunities.  In this role, she implemented economic development goals for the County in coordination with the development community and local businesses. In addition, she analyzed existing economic situations relative to business attraction and expansion. Prior to her time at AAEDC, she served as Controller for Anne Arundel County where she was the chief financial officer responsible for the administration of the County’s financial affairs.

Ms. Mussog holds a Bachelor of Business Administration and a Master of Business Administration from the University of Michigan’s Ross School of Business. A licensed Certified Public Accountant, she has extensive financial management experience including reporting and forecasting, budgeting and audit support for number organizations including several Fortune 500 corporations.

Mussog’s passion for community development is also evident by her service to numerous civic organizations including Junior League of Annapolis where she held various leadership positions. A strong community advocate and leader, she is a graduate of the Flagship Leadership Anne Arundel program and served as past Treasurer and Board Member of the Eastport Civic Association.

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
410-768-8871
jlong@bogb.net
101 Crain Highway, SE
Glen Burnie, MD 21061