Glen Burnie completes acquisition of VA Wholesale Mortgage

The Bank of Glen Burnie (GLBZ) continued its plans for growth and expansion through the completed acquisition of VA Wholesale Mortgage. VA Wholesale Mortgage, a veteran-owned-and-operated business, is headquartered in Virginia Beach, Virginia, and has an office in Jacksonville, Florida. The mortgage brokerage offers home financing to a wide range of customers, with a special focus on serving active-duty and retired members of the U.S. armed forces. VA Wholesale Mortgage, Inc., established in 2019 and beginning operations in early 2020, has an impressive team of experienced mortgage originators, including CEO Eric Tan. In 2024, VAWM closed approximately $125M in mortgage loans. Tan, a U.S. Navy veteran now based in Jacksonville, Florida, has nearly 25 years of mortgage industry experience. Current plans call for VA Wholesale Mortgage to operate as a dedicated division of The Bank of Glen Burnie for the foreseeable future.