Todd Capitani was appointed executive vice president and chief financial officer of The Bank of Glen Burnie, with his tenure effective November 17, 2025. The appointment was announced on December 3, 2025. Capitani brings more than 35 years of banking experience, having served as CFO and EVP at Shore Bancshares where he grew assets from $600 million to over $6 billion, led a NASDAQ listing, and managed capital raises and mergers.
The bank’s recent strategic initiatives include the completion of the Virginia Wholesale Mortgage acquisition on August 15, 2025, which added a mortgage portfolio and non‑interest income stream. The bank is also shifting toward higher‑yield loans. Capitani’s role will be to oversee the financial execution of these priorities, ensuring disciplined capital allocation and balance‑sheet management as the bank integrates the new mortgage operations.
Financially, the bank reported a net income of $125,000 for Q3 2025, a slight decline from $129,000 in Q3 2024 but a significant improvement from the $212,000 loss in Q2 2025. Earnings per share were $0.04 in Q3 2025, matching Q3 2024 and up from $(0.07) in Q2 2025. The net interest margin increased to 3.24% from 3.13% in Q2 2025, reflecting stronger loan mix and pricing power. Capital ratios remained robust, with leverage at 9.67%, Tier 1 at 14.82%, and total capital at 15.96% in Q3 2025, well above regulatory minimums.
CEO Mark C. Hanna emphasized that the VAWM acquisition will grow non‑interest income and expand the bank’s market reach. He added that Capitani’s financial discipline will help the bank maintain profitability through thoughtful growth, expense control, and balance‑sheet management, reinforcing the bank’s strategic plan.
Capitani’s track record of scaling assets, managing capital raises, and navigating public‑market transitions positions him to strengthen Glen Burnie’s financial strategy. His experience will support the integration of the mortgage portfolio, enhance margin expansion, and help the bank navigate the higher‑interest‑rate environment while pursuing higher‑yield loan growth.
With a solid capital base and a focus on higher‑yield loans, the bank expects continued margin expansion and improved earnings. Capitani’s leadership is expected to drive financial discipline, strategic investments, and effective execution of the bank’s growth initiatives.
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