OTC Markets Group Welcomes Glen Burnie Bancorp to OTCQX

Core Viewpoint - Glen Burnie Bancorp has transitioned to trading on the OTCQX Best Market, moving from Nasdaq to enhance liquidity and reduce regulatory burdens for its shareholders [1][4]. Company Overview - Glen Burnie Bancorp is a bank holding company established in 1990, owning The Bank of Glen Burnie, which has been operational since 1949 [6]. - The Bank serves northern Anne Arundel County and surrounding areas, providing commercial and retail banking services [6]. Market Transition - The company began trading on OTCQX under the symbol "GLBZ" on December 23, 2025, allowing for better visibility and access to information for investors [2][3]. - The transition to OTCQX is expected to lower costs and complexity associated with being a public company, enabling the management team to focus resources on client needs [4]. Compliance and Standards - To qualify for OTCQX, community banks like Glen Burnie Bancorp must meet high financial standards and adhere to best practice corporate governance [3]. - The decision to delist from Nasdaq and deregister with the SEC was made to provide liquidity to shareholders and reduce compliance costs [4]. Corporate Broker - Raymond James & Associates, Inc. has been appointed as the corporate broker for Glen Burnie Bancorp on the OTCQX [5]. Industry Context - OTC Markets Group Inc. operates regulated markets for trading approximately 12,000 U.S. and international securities, providing a platform for companies to access financial markets efficiently [7].