{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-066307","form_type":"8-K","ticker":"GLBZ","cik":"0000890066","company_name":"GLEN BURNIE BANCORP","filed_at":"2025-07-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.608979+00:00","generated_at":"2026-05-18T09:13:37.885151+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Glen Burnie Bancorp to acquire VA Wholesale Mortgage for $750K plus earn-out","bullets":["$750,000 cash consideration to seller Eric Tan; payment via non-interest bearing promissory note forgiven over 36 months.","Seller receives 33% of VAWM net earnings plus 4 bps on closed loan volume for 3 years post-closing.","Closing expected early August 2025; subject to regulatory approvals; seller to become president of VAWM.","VAWM is a Virginia residential mortgage banker; The Bank of Glen Burnie, a GLBZ unit, is the buyer."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-066307","json":"https://secwatch.observer/filing/0001104659-25-066307.json","markdown":"https://secwatch.observer/filing/0001104659-25-066307.md","text":"https://secwatch.observer/filing/0001104659-25-066307.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/890066/000110465925066307/0001104659-25-066307-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/890066/000110465925066307/tm2520043d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T09:13:37.885151+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}