Exec Team Shrinks Again at Glen Burnie Bancorp

Glen Burnie Bancorp in Maryland has announced an executive departure for the second time in three months.

John Wright, who has been the $392 million-asset Glen Burnie's chief financial officer since September 2015, will leave Dec. 16 to become CFO of MB Bancorp in Forest Hill, Md., according to news releases issued by the companies this week.

Wright's departure comes after Glen Burnie terminated Chief Operating Officer Edward Connelly on Sept. 1 and eliminated the COO position.

John Long, Glen Burnie's president and chief executive, will take over as CFO until a replacement for Wright is found. The bank will also have to find a new secretary since Wright held that job, too; the secretary job will be filled from within, Long said.

The $136 million-asset MB Bancorp's new president, Phil Phillips, and Wright are former colleagues at another bank. "John Wright is an exceptional chief financial officer with a great deal of experience, and we expect him to make a significant contribution to our organization," Phillips said in MB's release.