NEWS
By Michael Dresser and Michael Dresser,SUN STAFF | May 9, 1997
In late fall 1994, five men huddled behind closed doors to plot the ouster of Jan W. Clark as president of the Bank of Glen Burnie.Four of them were officials or major stockholders of the bank, but the fifth was an outsider whose presence at the meeting raises troubling questions about the management of the bank.He was Brian H. Davis, president of a Baltimore trucking company, a high-rolling political money man -- and a man who later pleaded guilty to obtaining millions of dollars in illegal loans from the bank.
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 Robert M. Pennington from the archives of the Ann Arrundell County Historical Society | April 14, 1996
75 years ago Former Mayor Samuel Jones of Annapolis, one of the city's leading merchants, and the oldest, will retire from the Jones and Franklin grocery and hardware business after almost 40 years. -- The Sun, April 6, 1921.Score a weather record of April 18, 1921. Annapolitans who were outside witnessed a flurry of snow between 9: 30 and 10 last night. -- from Anne Arundel County Kuethe Library files, April 19, 1921.Pub Date: 4/14/96
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | March 15, 1996
Stung by the bankruptcy of a Baltimore-based trucking company, Glen Burnie Bancorp lost $1.7 million in 1995 after writing off millions of dollars in loans, bank officials said yesterday at the company's annual meeting.The $246 million-asset banking company also agreed last week to enter into a memorandum of understanding with its regulator, the Federal Deposit Insurance Corp. The agreement requires the company and its subsidiary, Bank of Glen Burnie, to improve loan administration, loan collection and adopt a strategic plan.
NEWS
By Robert M. Pennington from the archives of the Ann Arrundell County Historical Society | October 8, 1995
75 years ago An eagle measuring 6 feet 6 inches from tip to tip was shot and killed yesterday at "Wild Rose Lodge" on South River. For days, it had been swooping down and killing chickens and ducks on the Mrs. John Waggaman farm. -- The Sun, Oct. 5, 1920.Seven Sunday School classes have been organized at the Naval Academy in Annapolis. One is a beginners class for children aged 3 to 5 and three separate classes each for boys and girls aged 5 to 15. -- Anne Arundel County Kuethe Library files, Oct. 9, 1920.
NEWS
By BONITA FORMWALT | August 9, 1995
On Nov. 21, 1889, as Mamie Wheatley prepared to marry John White in Leisic, Del., her father gave her a Bible to record the beginning of a new family.Now, 105 years later, that Bible has been entrusted to the Kuethe Library, where members of the Ann Arrundell Genealogical Society hope to find descendants so that the Bible can be returned to Mamie Wheatley's family.The Bible arrived at the library through the efforts of one woman trying to grant the wish of a dying man.This spring, Nancy Rattigan started working with terminally ill patients as a volunteer with Hospice of the Chesapeake.