Building a Team for Growth: The Bank of Glen Burnie Promotes Jonathan Shearin to Chief Lending Officer and Names Jeff Welch Executive Vice President and Chief Credit Officer
The Bank of Glen Burnie (NASDAQ: GLBZ) has announced key leadership appointments to strengthen its lending team and execute its growth strategy. Jonathan Shearin, previously vice president and director of commercial banking, has been promoted to chief lending officer effective March 13, 2025. Additionally, Jeff Welch has been appointed as executive vice president and chief credit officer, effective March 31, 2025.
Shearin, who joined the bank in 2024, will focus on driving sales, revenue, and loan portfolio growth while developing lending strategies and supervising the commercial lending team. Welch brings over 40 years of risk management and lending experience, most recently serving as executive vice president and chief credit officer at Burke & Herbert Bank. In his new role, he will oversee credit risk management, loan application evaluation, and regulatory compliance.
La Banca di Glen Burnie (NASDAQ: GLBZ) ha annunciato importanti nomine dirigenziali per rafforzare il suo team di prestiti ed eseguire la sua strategia di crescita. Jonathan Shearin, precedentemente vicepresidente e direttore della banca commerciale, è stato promosso a responsabile dei prestiti con effetto dal 13 marzo 2025. Inoltre, Jeff Welch è stato nominato vicepresidente esecutivo e chief credit officer, con effetto dal 31 marzo 2025.
Shearin, che è entrato in banca nel 2024, si concentrerà sull'aumento delle vendite, dei ricavi e della crescita del portafoglio prestiti, sviluppando strategie di prestito e supervisionando il team di prestiti commerciali. Welch porta con sé oltre 40 anni di esperienza nella gestione del rischio e nei prestiti, avendo recentemente ricoperto il ruolo di vicepresidente esecutivo e chief credit officer presso Burke & Herbert Bank. Nel suo nuovo ruolo, supervisionerà la gestione del rischio di credito, la valutazione delle domande di prestito e la conformità alle normative.
El Banco de Glen Burnie (NASDAQ: GLBZ) ha anunciado nombramientos clave en su liderazgo para fortalecer su equipo de préstamos y ejecutar su estrategia de crecimiento. Jonathan Shearin, anteriormente vicepresidente y director de banca comercial, ha sido ascendido a director de préstamos con efecto a partir del 13 de marzo de 2025. Además, Jeff Welch ha sido nombrado vicepresidente ejecutivo y director de crédito, con efecto a partir del 31 de marzo de 2025.
Shearin, quien se unió al banco en 2024, se centrará en impulsar las ventas, los ingresos y el crecimiento de la cartera de préstamos, mientras desarrolla estrategias de préstamos y supervisa el equipo de préstamos comerciales. Welch aporta más de 40 años de experiencia en gestión de riesgos y préstamos, habiendo servido más recientemente como vicepresidente ejecutivo y director de crédito en Burke & Herbert Bank. En su nuevo cargo, supervisará la gestión del riesgo de crédito, la evaluación de solicitudes de préstamos y el cumplimiento normativo.
글렌 번니 은행 (NASDAQ: GLBZ)가 대출 팀을 강화하고 성장 전략을 실행하기 위해 주요 리더십 인사를 발표했습니다. 조나단 시어린은 이전에 상업 은행의 부사장 및 이사로 재직했으며, 2025년 3월 13일부터 최고 대출 책임자로 승진했습니다. 또한, 제프 웰치는 2025년 3월 31일부터 부사장 겸 최고 신용 책임자로 임명되었습니다.
2024년에 은행에 합류한 시어린은 판매, 수익 및 대출 포트폴리오 성장에 집중하고 대출 전략을 개발하며 상업 대출 팀을 감독할 것입니다. 웰치는 40년 이상의 위험 관리 및 대출 경험을 보유하고 있으며, 최근에는 버크 & 허버트 은행에서 부사장 겸 최고 신용 책임자로 재직했습니다. 그의 새로운 역할에서 그는 신용 위험 관리, 대출 신청 평가 및 규제 준수를 감독할 것입니다.
La Banque de Glen Burnie (NASDAQ: GLBZ) a annoncé des nominations clés au sein de sa direction pour renforcer son équipe de prêts et mettre en œuvre sa stratégie de croissance. Jonathan Shearin, anciennement vice-président et directeur de la banque commerciale, a été promu directeur des prêts, avec effet au 13 mars 2025. De plus, Jeff Welch a été nommé vice-président exécutif et directeur du crédit, avec effet au 31 mars 2025.
Shearin, qui a rejoint la banque en 2024, se concentrera sur l'augmentation des ventes, des revenus et de la croissance du portefeuille de prêts tout en développant des stratégies de prêt et en supervisant l'équipe de prêts commerciaux. Welch apporte plus de 40 ans d'expérience en gestion des risques et en prêts, ayant récemment occupé le poste de vice-président exécutif et directeur du crédit chez Burke & Herbert Bank. Dans son nouveau rôle, il supervisera la gestion des risques de crédit, l'évaluation des demandes de prêt et la conformité réglementaire.
Die Bank von Glen Burnie (NASDAQ: GLBZ) hat wichtige Führungsentscheidungen bekannt gegeben, um ihr Kreditteam zu stärken und ihre Wachstumsstrategie umzusetzen. Jonathan Shearin, zuvor Vizepräsident und Direktor für Geschäftskunden, wurde mit Wirkung zum 13. März 2025 zum Leiter des Kreditgeschäfts befördert. Darüber hinaus wurde Jeff Welch mit Wirkung zum 31. März 2025 zum Executive Vice President und Chief Credit Officer ernannt.
Shearin, der 2024 zur Bank kam, wird sich darauf konzentrieren, den Verkauf, die Einnahmen und das Wachstum des Kreditportfolios voranzutreiben, während er Kreditstrategien entwickelt und das Team für Geschäftskredite überwacht. Welch bringt über 40 Jahre Erfahrung im Risikomanagement und im Kreditwesen mit, zuletzt war er Executive Vice President und Chief Credit Officer bei der Burke & Herbert Bank. In seiner neuen Rolle wird er das Kreditrisikomanagement, die Bewertung von Kreditanträgen und die Einhaltung von Vorschriften überwachen.
- Strategic expansion of lending team with experienced executives
- Focus on growing commercial banking and lending portfolios
- Addition of 40+ years of risk management expertise through new CCO
- None.
The continued expansion of its lending team strengthens The Bank of Glen Burnie’s commitment to being “the bank for business” in Anne Arundel County and the surrounding market
GLEN BURNIE, Md., April 09, 2025 (GLOBE NEWSWIRE) -- The Bank of Glen Burnie®, a wholly owned subsidiary of Glen Burnie Bancorp (NASDAQ: GLBZ), announced today the expansion of its lending team to position the Bank to carry out its growth strategy focused on growing the commercial banking and lending portfolios. Jonathan Shearin, who previously served in the role of vice president and director of commercial banking, was promoted to the role of chief lending officer effective March 13, 2025. Jeff Welch was named executive vice president and chief credit officer effective March 31, 2025.
“Jonathan hit the ground running and has made a significant impact to our loan portfolio since joining the bank in 2024,” said Mark C. Hanna, President and CEO. “Jonathan is out in our community every day building relationships in Anne Arundel County and the surrounding areas while constantly looking for opportunities to help local businesses obtain the financial expertise and tools they need to grow their own businesses. His energy and leadership, combined with his early success, made him a natural fit to assume the role of chief lending officer. In his new role, Shearin will be focused on driving sales and revenue to maximize return on capital invested in loans and achieve profitability. He will be tasked with helping to develop the Bank’s lending strategy, building relationships, supervising our commercial lending team, and overseeing loan production and growth objectives.”
“I’m honored to step into this role and lead our lending team as we continue to support the businesses and communities we serve,” said Shearin. “Our focus remains on building strong client relationships, providing tailored financing strategies, and driving sustainable growth for the businesses and communities we serve. I look forward to working alongside our team to strengthen our market position and create new opportunities for long-term success.”
As the Bank builds out its leadership team tasked with growing commercial loans and deposits, Jeff Welch joins The Bank of Glen Burnie in the newly created role of chief credit officer and will also serve as executive vice president. A seasoned banking executive, Welch brings more than 40 years of progressive risk management, lending, and sales management experience to lead efforts to effectively manage credit risk and help ensure the soundness of the Bank’s loan portfolio. His responsibilities as chief credit officer will include evaluating loan applications, regulatory compliance related to credit risk, and overseeing credit administration.
Welch most recently served as executive vice president and chief credit officer at Burke & Herbert Bank, headquartered in Alexandria, Virginia, where he was responsible for the Credit Risk Management and Loan Administration Divisions. Welch has spent the entirety of his banking career in progressive leadership roles at financial institutions located in the Baltimore and Washington D.C. corridor, bringing a wealth of expertise about the banking environment, the economy and the credit needs of the area.
Welch holds a Master of Business Administration in finance from Marymount University and is a graduate of The Pennsylvania State University where he earned a Bachelor of Science in operations management.
“We are thrilled to welcome Jeff to The Bank of Glen Burnie,” remarked Hanna. “His proven track record in developing and implementing strategic plans at all levels combined with his relationship building skills will prove invaluable to us as we look to grow and thrive as we set the pace for growth during our next 75 years of community banking in Anne Arundel County. Jeff’s recent retirement from Burke & Herbert Bank presented us with an opportunity to recruit a highly experienced chief credit officer with extensive experience in credit policy and risk management/portfolio oversight in addition to sales management, financial analysis, and project management expertise. Jeff is well suited to help shape The Bank of Glen Burnie’s strategic direction. We have built a stellar lending team, and I am confident that together Jonathan and Jeff will lead this team to new heights and help The Bank of Glen Burnie significantly expand our loan portfolio while successfully managing risk.”
“I am excited to join The Bank of Glen Burnie at a time when we are poised to execute our strategic planning lending objectives focused on growing our loan portfolio,” said Welch. “We have an outstanding lending team, and I look forward to working together to build new relationships in the community and to meet the credit needs of local business owners in our market.”
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 seven 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.
For further information, contact: Janet Kim | Director of Marketing and Public Relations 410-768-8857 JKim@BoGB.net
FAQ
What strategic appointments did The Bank of Glen Burnie (GLBZ) announce in April 2025?
What are Jonathan Shearin's responsibilities as the new Chief Lending Officer at GLBZ?
What experience does Jeff Welch bring to his new role at GLBZ?
How does GLBZ plan to expand its commercial banking presence?
