Glen Burnie Bancorp Names Felton Magee Jr. to the Board of Directors
Glen Burnie Bancorp (NASDAQ: GLBZ) has appointed Felton Magee Jr. to its Board of Directors. This move aligns with The Bank of Glen Burnie's commitment to being 'the bank for business' in Anne Arundel County and surrounding areas. Magee, a Lean Six Sigma-certified and Project Management Professional, brings extensive experience in process improvement, financial management, and business growth.
Magee's background includes leadership roles at various consulting firms and a successful tenure as president and CEO of Regent HealthCare, Inc., where he oversaw two acquisitions that doubled the company's size. His appointment is part of the bank's strategy to bring in new perspectives and expertise to drive growth in its services, people, and community impact.
Glen Burnie Bancorp (NASDAQ: GLBZ) ha nominato Felton Magee Jr. nel suo Consiglio di Amministrazione. Questa mossa è in linea con l'impegno della Bank of Glen Burnie di essere 'la banca per le imprese' nella Contea di Anne Arundel e nelle aree circostanti. Magee, certificato Lean Six Sigma e Project Management Professional, porta con sé una vasta esperienza in miglioramento dei processi, gestione finanziaria e crescita aziendale.
Il background di Magee include ruoli dirigenziali in varie società di consulenza e un periodo di successo come presidente e CEO di Regent HealthCare, Inc., dove ha supervisionato due acquisizioni che hanno raddoppiato le dimensioni dell'azienda. La sua nomina fa parte della strategia della banca per apportare nuove prospettive e competenze per stimolare la crescita dei suoi servizi, della sua gente e dell'impatto sulla comunità.
Glen Burnie Bancorp (NASDAQ: GLBZ) ha nombrado a Felton Magee Jr. en su Junta Directiva. Este movimiento se alinea con el compromiso del Bank of Glen Burnie de ser 'el banco para negocios' en el condado de Anne Arundel y las áreas circundantes. Magee, certificado en Lean Six Sigma y Project Management Professional, aporta una amplia experiencia en mejora de procesos, gestión financiera y crecimiento empresarial.
El trasfondo de Magee incluye roles de liderazgo en diversas firmas de consultoría y un exitoso mandato como presidente y CEO de Regent HealthCare, Inc., donde supervisó dos adquisiciones que duplicaron el tamaño de la empresa. Su nombramiento forma parte de la estrategia del banco para traer nuevas perspectivas y experiencia para impulsar el crecimiento de sus servicios, su gente y su impacto en la comunidad.
글렌 번니 뱅콥(Glen Burnie Bancorp) (NASDAQ: GLBZ)은 펠튼 매기 주니어(Felton Magee Jr.)를 이사회의 일원으로 임명했습니다. 이 결정은 앤 아룬델 카운티 및 인근 지역에서 '사업을 위한 은행'이 되겠다는 글렌 번니 은행의 약속과 일치합니다. 매기는 린 식스 시그마 및 프로젝트 관리 전문가로 인증받았으며, 프로세스 개선, 재무 관리 및 비즈니스 성장에 대한 광범위한 경험을 보유하고 있습니다.
매기의 경력에는 여러 자문 회사에서의 리더십 역할과 레젠트 헬스케어(Regent HealthCare, Inc.)의 사장 겸 CEO로서의 성공적인 재임이 포함되며, 이곳에서 그는 회사 규모를 두 배로 늘리는 두 건의 인수 거래를 감독했습니다. 그의 임명은 은행이 서비스, 직원 및 지역 사회에 미치는 영향을 성장시키기 위해 새로운 관점과 전문성을 도입하기 위한 전략의 일환입니다.
Glen Burnie Bancorp (NASDAQ: GLBZ) a nommé Felton Magee Jr. à son Conseil d'Administration. Cette décision s'inscrit dans l'engagement de la Bank of Glen Burnie d'être 'la banque pour les entreprises' dans le comté d'Anne Arundel et les régions environnantes. Magee, certifié Lean Six Sigma et Project Management Professional, apporte une vaste expérience en amélioration des processus, gestion financière et croissance des entreprises.
Le parcours de Magee inclut des rôles de leadership dans diverses sociétés de conseil et un mandat réussi en tant que président et PDG de Regent HealthCare, Inc., où il a supervisé deux acquisitions qui ont doublé la taille de l'entreprise. Sa nomination fait partie de la stratégie de la banque pour introduire de nouvelles perspectives et expertise afin de stimuler la croissance de ses services, de ses collaborateurs et de son impact sur la communauté.
Glen Burnie Bancorp (NASDAQ: GLBZ) hat Felton Magee Jr. in seinen Vorstand berufen. Dieser Schritt entspricht dem Engagement der Bank of Glen Burnie, 'die Bank für Unternehmen' im Anne Arundel County und den umliegenden Gebieten zu sein. Magee, zertifiziert als Lean Six Sigma und Project Management Professional, bringt umfangreiche Erfahrung in der Prozessverbesserung, Finanzmanagement und Unternehmenswachstum mit.
Der Hintergrund von Magee umfasst Führungsrollen in verschiedenen Beratungsunternehmen und eine erfolgreiche Amtszeit als Präsident und CEO von Regent HealthCare, Inc., wo er zwei Übernahmen leitete, die die Größe des Unternehmens verdoppelt haben. Seine Ernennung ist Teil der Strategie der Bank, neue Perspektiven und Expertise zu gewinnen, um das Wachstum ihrer Dienstleistungen, ihrer Mitarbeiter und ihres Einflusses auf die Gemeinschaft voranzutreiben.
- Appointment of Felton Magee Jr., an experienced business leader, to the Board of Directors
- Magee's expertise in process improvement and business growth aligns with the bank's growth objectives
- Strategic move to bring new perspectives to the bank's leadership
- None.
Magee’s appointment is part of The Bank of Glen Burnie’s commitment to being “the bank for business” in Anne Arundel County and the surrounding market.
GLEN BURNIE, Md., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (NASDAQ: GLBZ), the parent company of The Bank of Glen Burnie®, named Felton Magee Jr. to the Board of Directors, announced Mark C. Hanna, President and CEO of Glen Burnie Bancorp and The Bank of Glen Burnie.
“Felton is an accomplished business leader with a proven track record of identifying and implementing strategies for accelerating growth,” said Hanna. “He has skillfully navigated challenging situations using his expertise to streamline business processes, boost profitability, and deliver impactful results. Felton strikes the perfect balance between analytical precision and a people-centered approach. In a word, our goal is growth—growing the Bank, growing our people, and growing how we serve our communities. I’m confident Felton will play a key role in helping us achieve this objective.”
Glen Burnie Bancorp Chairman of the Board John E. Demyan stated, “The Bank has 75 years of strength and soundness to build on and is well-positioned for the opportunities that lie ahead. Over the past year, we have purposed to bring in new perspectives for the Bank and the Board. Felton is a testament to that objective, offering a rare and valuable caliber of expertise in process improvement. I am excited to work alongside him as we continue to grow The Bank of Glen Burnie.”
Magee grew up in New Orleans, Louisiana, and moved to Upper Marlboro, Maryland, as a young teen. He completed his undergraduate studies at Bowie State University with a Bachelor of Science in Banking and Finance and earned a Master of Business Administration from Loyola University. Magee is Lean Six Sigma-certified and is a certified Project Management Professional; designations that demonstrate expertise in streamlining processes, improving efficiency, and reducing waste while enhancing quality.
A United States Air Force veteran, Magee started his career in the civil engineering squadron. Following his military service, he worked for the United Parcel Service for nearly a decade as a finance manager, then served in leadership positions of progressive responsibility at Arthur Andersen Management Consulting; Thompson, Cobb, Bazilio & Associates (later Bazilio, Cobb & Associates); and Promesa Consulting Group, Inc. Magee also served as chief financial officer at Family Matters of Greater Washington. At each of these organizations, he brought to bear financial acumen and leadership skills to improve cost, quality performance, and growth.
More recently, Magee served as president and CEO of Regent HealthCare, Inc., Maryland's largest non-franchised private pay home care company. During that time, he oversaw two successful acquisitions that doubled the company's size and expanded operations to include Southern Maryland and Maryland's Eastern Shore. He is now the president and CEO of Regent Healthcare Holdings and is active in real estate development.
"I am excited to join the Board and help build on the bank's already impressive legacy,” said Magee. “As a community bank, The Bank of Glen Burnie is an essential source of funding for small businesses, both those starting up and established companies accessing the cash they need to grow. The Bank has been a steady presence for seven-and-a-half decades and is well-positioned to accelerate its growth. As a Board member, I aim to leverage my experience improving business performance to help The Bank of Glen Burnie reach new heights."
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/b13074f4-6876-4ed9-8bc4-3d8a9d53f794
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