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BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | April 30, 1998
Glen Burnie Bancorp executives and directors have dropped a lawsuit against a former director and Edwin F. Hale Sr., chairman of First Mariner Bancorp, that accused them of illegally soliciting proxies and votes from stockholders.The lawsuit was filed last month, two days before Glen Burnie Bancorp's annual meeting, at which Susan Demyan, the former director, and stockholders backed by Hale unsuccessfully tried to oust management."Since we won, that claim is moot," Price O. Gielen, an attorney representing the $225 million-asset banking company, said yesterday.
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NEWS
December 19, 2004
On December 16, 2004, OTILLIA M. (nee Hoffmeister), beloved wife of the late William C. Royahn, devoted mother of William H. Royahn, Linda Copper Ward and Margaret Grimm Hackbart; also survived by three grandchildren, Mary Copper Demyan, Robert Carl Copper and Christopher Grimm; and three great-grandchildren, Alex Demyan III, Nicholas J. Demyan, and Tristen R. Copper. A Funeral Service will be held at the Lassahn Funeral Home Inc. 7401 Belair Road, on Monday at 1 P.M. The family will receive friends Saturday and Sunday, 2 to 4 and 7 to 9 P.M. Interment Parkwood Cemetery.
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BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | March 11, 1998
Glen Burnie Bancorp executives and directors have retaliated against a takeover attack, suing a former director and Edwin F. Hale Sr., chairman of First Mariner Bancorp, accusing them of illegally soliciting proxies and votes from stockholders.The lawsuit also alleges that Hale and Susan Demyan, the former director, are working to combine First Mariner illegally with Glen Burnie Bancorp's subsidiary, Bank of Glen Burnie.The suit was filed Monday in Anne Arundel County Circuit Court by F. William Kuethe Jr., president and chief executive of the $225 million-asset Bank of Glen Burnie, Chairman John E. Demyan -- Susan Demyan's cousin -- along with 10 other directors.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | April 30, 1998
Glen Burnie Bancorp executives and directors have dropped a lawsuit against a former director and Edwin F. Hale Sr., chairman of First Mariner Bancorp, that accused them of illegally soliciting proxies and votes from stockholders.The lawsuit was filed last month, two days before Glen Burnie Bancorp's annual meeting, at which Susan Demyan, the former director, and stockholders backed by Hale unsuccessfully tried to oust management."Since we won, that claim is moot," Price O. Gielen, an attorney representing the $225 million-asset banking company, said yesterday.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | March 3, 1998
In a rare move, two Bank of Glen Burnie shareholders have filed a lawsuit seeking to remove management so a receiver can be appointed to run the embattled bank.The lawsuit, known as a "shareholder derivative suit," also seeks $12.5 million in compensatory and punitive damages from Bank of Glen Burnie and its top two executives, F. William Kuethe Jr. and John E. Demyan.The lawsuit alleges that the executives concealed information from shareholders about a string of fraudulent loans made to a borrower that resulted in millions of dollars in write-offs.
NEWS
December 19, 2004
On December 16, 2004, OTILLIA M. (nee Hoffmeister), beloved wife of the late William C. Royahn, devoted mother of William H. Royahn, Linda Copper Ward and Margaret Grimm Hackbart; also survived by three grandchildren, Mary Copper Demyan, Robert Carl Copper and Christopher Grimm; and three great-grandchildren, Alex Demyan III, Nicholas J. Demyan, and Tristen R. Copper. A Funeral Service will be held at the Lassahn Funeral Home Inc. 7401 Belair Road, on Monday at 1 P.M. The family will receive friends Saturday and Sunday, 2 to 4 and 7 to 9 P.M. Interment Parkwood Cemetery.
NEWS
December 29, 1993
A man armed with a handgun robbed a Glen Burnie gas station Monday evening, getting away with an undetermined amount of money, county police said.The man walked into the Big Red Texaco Station in the 6600 block of Ritchie Highway about 6:30 p.m. and threatened a clerk with the gun, which was wrapped in a silk cloth, police said. Authorities quoted the robber as saying, "Just open the register, this is a stick-up."Police said the clerk froze, and the armed man said, "Just open the register and you won't get hurt."
NEWS
February 8, 1996
Names in the newsPaul J. Weber has joined the Annapolis law firm of Hyatt & Peters as a principal. Mr. Weber, a 1983 graduate of the University of Baltimore School of Law, will specialize in civil litigation and commercial matters.Don Oakley has been appointed a sales manager for International Paper Decorative Products in Odenton. He was business manager for the high-pressure laminates division.John E. Demyan, chairman of the board of the Bank of Glen Burnie, has been appointed a trustee of the Maryland Banking School, F. William Kuethe Jr., president and chief executive officer has announced.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | March 14, 1997
An annual meeting turned into a free-for-all yesterday as charges and counter charges flew about who is to blame for problems at the Bank of Glen Burnie.The unusually long meeting -- two hours and 40 minutes -- pitted friend against friend, family against family and current management against former management.The fight was precipitated when a group of four directors abruptly resigned two weeks ago, arguing that executives were mismanaging the bank. Three families formed the institution 47 years ago. Their children now run it or have large stakes in it.The former directors and some other shareholders made several complaints:* The bank's management has been so lax that federal regulators forced them to sign an agreement to improve lending practices.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | March 13, 1998
A group of dissident shareholders failed to take control of Glen Burnie Bancorp yesterday in a contentious annual meeting.The dissident group, led by Susan Demyan, a former director of the company, failed in its bid to remove the current board of directors.The vote, which took auditors nearly three hours to tally, was 55 percent for the board and 45 percent against, said F. William Kuethe Jr., president of the banking corporation, the parent of Bank of Glen Burnie."I have to consider it a pyrrhic victory, because the bank itself suffered so much through this," Kuethe said.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | March 13, 1998
A group of dissident shareholders failed to take control of Glen Burnie Bancorp yesterday in a contentious annual meeting.The dissident group, led by Susan Demyan, a former director of the company, failed in its bid to remove the current board of directors.The vote, which took auditors nearly three hours to tally, was 55 percent for the board and 45 percent against, said F. William Kuethe Jr., president of the banking corporation, the parent of Bank of Glen Burnie."I have to consider it a pyrrhic victory, because the bank itself suffered so much through this," Kuethe said.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | March 11, 1998
Glen Burnie Bancorp executives and directors have retaliated against a takeover attack, suing a former director and Edwin F. Hale Sr., chairman of First Mariner Bancorp, accusing them of illegally soliciting proxies and votes from stockholders.The lawsuit also alleges that Hale and Susan Demyan, the former director, are working to combine First Mariner illegally with Glen Burnie Bancorp's subsidiary, Bank of Glen Burnie.The suit was filed Monday in Anne Arundel County Circuit Court by F. William Kuethe Jr., president and chief executive of the $225 million-asset Bank of Glen Burnie, Chairman John E. Demyan -- Susan Demyan's cousin -- along with 10 other directors.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | March 3, 1998
In a rare move, two Bank of Glen Burnie shareholders have filed a lawsuit seeking to remove management so a receiver can be appointed to run the embattled bank.The lawsuit, known as a "shareholder derivative suit," also seeks $12.5 million in compensatory and punitive damages from Bank of Glen Burnie and its top two executives, F. William Kuethe Jr. and John E. Demyan.The lawsuit alleges that the executives concealed information from shareholders about a string of fraudulent loans made to a borrower that resulted in millions of dollars in write-offs.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | March 14, 1997
An annual meeting turned into a free-for-all yesterday as charges and counter charges flew about who is to blame for problems at the Bank of Glen Burnie.The unusually long meeting -- two hours and 40 minutes -- pitted friend against friend, family against family and current management against former management.The fight was precipitated when a group of four directors abruptly resigned two weeks ago, arguing that executives were mismanaging the bank. Three families formed the institution 47 years ago. Their children now run it or have large stakes in it.The former directors and some other shareholders made several complaints:* The bank's management has been so lax that federal regulators forced them to sign an agreement to improve lending practices.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | March 4, 1997
Four directors of the Bank of Glen Burnie have resigned, accusing management of moving too slowly to correct problems and not informing them about loans to customers, the former directors said.Susan Demyan, an attorney and one of the directors who resigned, said the four quit because management was slow to make changes required by the Federal Deposit Insurance Corp. last year. The FDIC order required the bank to improve loan administration and collection, and to adopt a strategic plan.The former directors also complained that they were being kept in the dark on loans to customers, she said.
NEWS
February 8, 1996
Names in the newsPaul J. Weber has joined the Annapolis law firm of Hyatt & Peters as a principal. Mr. Weber, a 1983 graduate of the University of Baltimore School of Law, will specialize in civil litigation and commercial matters.Don Oakley has been appointed a sales manager for International Paper Decorative Products in Odenton. He was business manager for the high-pressure laminates division.John E. Demyan, chairman of the board of the Bank of Glen Burnie, has been appointed a trustee of the Maryland Banking School, F. William Kuethe Jr., president and chief executive officer has announced.
NEWS
December 28, 1993
Couple survives crash landing in S.C.SPARTANBURG, S.C. -- Highway passers-by found an injured Anne Arundel County couple who crash-landed their single-engine plane into a grove of trees in rural Spartanburg County yesterday.Pilot John Demyan, a 46-year-old attorney, and his wife, Margaret Demyan, 44, both of the 200 block of Third Ave. S.W. in Glen Burnie, were treated at Spartanburg Regional Medical Center and were in good condition, hospital spokeswoman Ashley Laye said.Mr. Demyan suffered facial lacerations and an ankle fracture and was admitted to the hospital overnight, Ms. Laye said.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | March 4, 1997
Four directors of the Bank of Glen Burnie have resigned, accusing management of moving too slowly to correct problems and not informing them about loans to customers, the former directors said.Susan Demyan, an attorney and one of the directors who resigned, said the four quit because management was slow to make changes required by the Federal Deposit Insurance Corp. last year. The FDIC order required the bank to improve loan administration and collection, and to adopt a strategic plan.The former directors also complained that they were being kept in the dark on loans to customers, she said.
NEWS
By Kris Antonelli and Kris Antonelli,Sun Staff Writer | March 17, 1995
A white flag has gone up at the Bank of Glen Burnie.Former President Jan W. Clark and the old board of directors agreed yesterday to unlock the doors and turn the keys over to the newly elected leaders and president F. William Kuethe Jr.The bank's new leaders will move in and begin work today, according to a written statement released by attorneys from both sides, who met for 90 minutes in the chambers of Anne Arundel Circuit Judge Robert Heller Jr. Judge...
NEWS
By Kris Antonelli and TaNoah V. Sterling and Kris Antonelli and TaNoah V. Sterling,Sun Staff Writers Sun Staff writer John Rivera contributed to this article | March 14, 1995
The Bank of Glen Burnie is under new management, but try telling that to the old management.In a dispute that has pitted neighbor against neighbor and former business partners against each other, majority stockholders in the community bank have engineered a coup that ousted the institution's president and 11 of its 12 officers.They allege that the bank president's actions prompted a multimillion-dollar racial discrimination lawsuit filed by one of its customers.Since the vote last Thursday at a meeting attended by about 400 stockholders, the old management has refused to concede defeat.
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