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News  ›  GlobeNewswire Inc.

OTC Markets Group Welcomes Glen Burnie Bancorp to OTCQX

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Otc Markets Group Inc.
OTC Markets Group Welcomes Glen Burnie Bancorp to OTCQX

Glen Burnie Bancorp (GLBZ), a Maryland-based community bank holding company, has transitioned from Nasdaq to the OTCQX Best Market effective December 23, 2025. The move aims to reduce regulatory burden and compliance costs while maintaining liquidity for shareholders. The company plans to deregister from the SEC and expects significant cost savings from the delisting.

Insights
GLBZ   positive

The company's leadership expresses confidence in the transition, highlighting anticipated cost savings, reduced regulatory burden, and the ability to reallocate resources to better serve clients and communities. The move to OTCQX is presented as a strategic decision to improve operational efficiency while maintaining shareholder liquidity.