Glen Burnie Bancorp Welcomes Felton Magee Jr. to the Board
Glen Burnie Bancorp Welcomes Felton Magee Jr. to the Board
Glen Burnie Bancorp, the parent organization of The Bank of Glen Burnie (NASDAQ: GLBZ), has taken an exciting step forward by appointing Felton Magee Jr. to its Board of Directors. This announcement was made by Mark C. Hanna, who serves as the President and CEO of Glen Burnie Bancorp and The Bank of Glen Burnie.
Mark Hanna expressed his enthusiasm about Felton’s appointment by stating, "Felton is an accomplished business leader with a proven track record of identifying and implementing strategies for accelerating growth." He noted that Magee possesses exceptional skills in navigating challenging circumstances while improving business processes and enhancing profitability.
Chairman of the Board John E. Demyan also weighed in on the significant development, stating, "The Bank has 75 years of strength and soundness to build on and is well-positioned for the opportunities that lie ahead. Felton's expertise in process improvement is a testament to our commitment to bringing new perspectives to the Board." Demyan is eager to collaborate with Magee as they strive to grow The Bank of Glen Burnie further.
Felton Magee's Robust Background
Felton Magee hails from New Orleans, Louisiana, but made his way to Upper Marlboro, Maryland, during his teenage years. He holds a Bachelor of Science degree in Banking and Finance from Bowie State University and an MBA from Loyola University. His credentials include being Lean Six Sigma-certified and a certified Project Management Professional, showcasing his commitment to improving efficiencies and delivering outstanding quality.
A Veteran’s Journey to Leadership
Before joining the financial sector, Magee honorably served in the United States Air Force, where he began his professional journey in a civil engineering squadron. Post-military service, he held various leadership positions in notable organizations including the United Parcel Service, where he spent nearly ten years as a finance manager. Magee also held significant roles at Arthur Andersen Management Consulting, Thompson, Cobb, Bazilio & Associates, and Promesa Consulting Group, Inc., where he successfully enhanced organizational performance.
Recent Achievements and Current Role
In his most recent role as president and CEO of Regent HealthCare, Inc., Maryland's largest non-franchised private pay home care organization, he oversaw the successful acquisition of two companies, expanding operations notably in Southern Maryland and Maryland's Eastern Shore. Currently, he leads Regent Healthcare Holdings while engaging in real estate development initiatives.
Magee shared his thoughts on joining the Board by saying, "I am excited to join the Board and help build on the bank’s already impressive legacy. The Bank of Glen Burnie has been a reliable source of funding for small businesses and has a strong foundation to accelerate its growth." His experience in enhancing business performance is sure to contribute positively to the organization.
About Glen Burnie Bancorp
Founded in 1949, Glen Burnie Bancorp is headquartered in Glen Burnie, Maryland, and operates The Bank of Glen Burnie. With a rich history of 75 years, it remains a locally-owned community bank with multiple branches across Anne Arundel County. The bank is dedicated to commercial and retail banking, offering demand deposits, time deposits, and various loan services—ranging from residential mortgages to automobile loans and commercial mortgage financing.
The establishment prides itself on playing a vital role in the community by providing essential financial services to individuals, associations, partnerships, and corporations. More information about The Bank of Glen Burnie can be accessed through their official website.
Frequently Asked Questions
Who is Felton Magee Jr.?
Felton Magee Jr. is a newly appointed Board member at Glen Burnie Bancorp, bringing extensive experience in business leadership and financial management.
What does Glen Burnie Bancorp do?
Glen Burnie Bancorp serves as a bank holding company and operates The Bank of Glen Burnie, engaged in various banking services including loans and deposits.
What qualifications does Felton Magee have?
Magee holds a Bachelor’s degree in Banking and Finance, an MBA, and is certified in Lean Six Sigma and Project Management.
What is the mission of The Bank of Glen Burnie?
The mission focuses on community growth, providing vital funding to small businesses, and enhancing customer service and satisfaction.
How long has The Bank of Glen Burnie been in operation?
The Bank of Glen Burnie has been a significant banking presence since its establishment in 1949, marking over 75 years of service to the community.
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