Money

Sheehy Nissan-Glen Burnie recently donated $10,000 to Arundel House of Hope, a non-profit organization that helps the homeless of Glen Burnie with employment and housing. The donation was part of $100,000 donated to charities int he region by Sheehy Auto Stores, a network of 18 dealerships in Maryland, Washington, D.C., and Virginia.

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In new allegations against the Empire Towers CEO, Bank of America claims the real estate executive diverted $700,000 in rent payments from the Glen Burnie office building after his company filed for bankruptcy protection.

In a complaint filed Jan. 17 in U.S. Bankruptcy Court, the bank claimed Wilfred Azar III shifted the money to his other businesses and his personal bank accounts.

BWI Thurgood Marshall Airport set a record for passenger travel in 2011, with 22.4 million passengers fying through the airport, state officials announced this morning.

The annual figure is a 2 percent jump over 2010, and is the second new record year in a row. Traffic peaked in July when 2.2 million passengers traveled through the airport.

Glen Burnie Bancorp reported a 15-percent increase in net earnings in the final three months of 2011, capping a year of strong performance that resulted in a 45 percent increase in profits.

The parent company of The Bank of Glen Burnie reported a fourth-quarter profit of $756,000, or 28 cents per share, compared with a profit of $655,000, or 24 cents per share, in the same period a year ago. For the full year, net income was $2.9 million, or $1.10 per share, up from $2.1 million, or 76 cents per share, in 2010.