The Journal Record Legal Briefs: November 3, 2011

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Regulators to Towson bank: Shape upCFG Community Bank, formerly AmericasBank, in Towson, agreed Thursday to a consent order with the Federal Reserve and the Maryland Commissioner of Financial Regulation. The consent order deals with corporate governance issues, including requiring the bank's parent company, Capital Funding Bancorp Inc., to put mostly outsiders on its board of directors. The bank had $517 million in total assets as of June 30, compared to $397.8 million and is considered to be "well capitalized" according to FDIC standards.

Glen Burnie Bancorp posts higher profitGlen Burnie Bancorp, the parent company of the Bank of Glen Burnie, reported third-quarter net income of $770,000, or 29 cents per share, compared to net income of $689,000, or 25 cents per share, for the prior-year period. Bank officials pointed out that several factors, including total assets, interest income, stockholders' equity and deposits, grew during the third quarter, and said they were "pleased with the results." Total assets rose to $362.2 million during the quarter compared to $347.1 million in the 2010 period. The Bank of Glen Burnie is a locally owned community bank with eight branch offices serving Anne Arundel County.

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The Journal Record Legal Briefs: November 3, 2011

Medifast's Bradley MacDonald resignsDiet food maker Medifast Inc. said Thursday that Executive Chairman of the Board Bradley T. MacDonald had resigned due to health...

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