Local Business Leader Jay Baldwin Named to Glen Burnie Bancorp Board of Directors
July 15 2024 - 10:39AM
Glen Burnie Bancorp (NASDAQ: GLBZ), the parent company of The Bank
of Glen Burnie®, named Joseph G. “Jay” Baldwin to the Board of
Directors, announced Mark C. Hanna, President and CEO of Glen
Burnie Bancorp and The Bank of Glen Burnie. Baldwin’s appointment
to the Board follows the retirement of former member Charles F.
“Derick” Lynch Jr.
"Jay is deeply rooted in our community and is a
well-respected business leader," commented Hanna. “He will be a key
voice as we reintroduce The Bank of Glen Burnie to the community as
the go-to bank for small-to-mid-sized businesses. Jay understands
the importance of honoring legacy and tradition while
simultaneously adapting and growing to serve the changing needs of
our community. In August, we will celebrate the Bank’s 75th
anniversary. This is an excellent moment to appreciate the events
and people who have shaped the Bank, while looking forward to the
next chapter of this storied company.”
Chairman of the Glen Burnie Bancorp Board John
E. Demyan shared, “To build on the decades of success we’ve had as
a Bank, we must grow alongside the people and businesses we serve.
Jay will bring an invaluable point of view to our discussions and
decision-making. In addition to his intellect and drive, he knows
what it takes to steward a company that has served customers for
generations. We are pleased to welcome him to the Board.”
A native of Anne Arundel County, Baldwin has
served as president and CEO of Reliable Contracting Company, Inc.,
since 2002. He is a third-generation leader; his family founded
Reliable in 1928. Since then, it has grown into one of Maryland’s
largest site work, road, and highway construction companies. An
alumnus of the University of Maryland, Baldwin began working at
Reliable while in high school and became a full-time employee after
graduating from college in 1986. Later in his career, he founded
Reliable Commercial Construction and Reliable Real Estate Services
and, through Reliable, purchased a majority stake in Environmental
Quality Resources.
“My perspective as a member of the Board will be
shaped by a number of influences,” commented Baldwin. “They include
my passion for Anne Arundel County, my experience as both a
business leader and entrepreneur and my experience at a number of
organizations I’ve had the pleasure of working with throughout my
career. With solid financial performance, well-positioned
locations, and great leadership, The Bank of Glen Burnie has set
the stage for a bright future.”
Baldwin has held various leadership positions in
the construction industry, including with the Maryland Highway
Contractors Association (past board president), the Associated
Builders and Contractors—Chesapeake Shores Chapter (past board
chairman), the Anne Arundel Utility Contractors Association (past
board president), the Maryland Asphalt Association (past board
member) and the National Associated Builders and Contractors (past
board vice chairman).
Baldwin received the Ernst & Young Entrepreneur of The
Year® Award (2007) in the Construction and
Contracting Services category for the Mid-Atlantic region. He has
been involved in developing several of the area’s most successful
projects, including the Quarterfield Crossing Shopping Center, the
Waugh Chapel Town Center in Gambrills, and Waugh Chapel III. In
2015, he was appointed to Governor Larry Hogan’s Regulatory Reform
Commission, serving with Lieutenant Governor Boyd Rutherford. The
Commission conducted a comprehensive review of Maryland’s
regulatory climate and issued a report identifying over 600
individual regulations that could be streamlined or eliminated. All
657 recommendations were implemented, making a lasting impact in
the state.
Along with his family, Baldwin is involved in many charitable
and philanthropic activities, including playing an instrumental
role in the financing and building of The School of the
Incarnation. Additionally, he served on the Foundation Board of
Anne Arundel Medical Center for ten years and on the Building
Campaign Committee for Hospice of the Chesapeake.
About Glen Burnie Bancorp
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 eight Anne Arundel County
branches. The Bank is engaged in commercial and retail banking,
including accepting demand and time deposits and originating 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 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.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/ac7350c5-2fd9-4db2-874b-da044ca1e925
For further information, contact:
Janet Kim | Director of Marketing and Public Relations
410-768-8857
JKim@BoGB.net
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