Glen Burnie Bancorp

Glen Burnie Bancorp is a bank holding company, which engages in the provision of commercial and retail banking business through the The Bank of Glen Burnie. The firm also acquires, holds, and disposes real property, through GBB Properties, Inc. Its loan portfolio comprises consumer, residential real estate, indirect, commercial, construction, and commercial real estate loans. It also offers various ancillary products and services, which include safe deposit boxes, money orders, night depositories, automated clearinghouse transactions, wire transfers, automated teller machines, telephone banking, and customer call center services. The company was founded in 1949 and is headquartered in Glen Burnie, MD.

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Glen Burnie Bancorp is a bank holding company, which engages in the provision of commercial and retail banking business through The Bank of Glen Burnie. The firm also acquires, holds, and disposes of real property, through GBB Properties, Inc. Its loan portfolio segments include Loans Secured by Real Estate, Commercial and Industrial Loans, and Consumer Loans. The company was founded in 1949 and is headquartered in Glen Burnie, MD.

GLEN BURNIE, Md., Sept. 20, 2023 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (NASDAQ: GLBZ), parent company of The Bank of Glen Burnie®, announced today that Mark C. Hanna will become President and CEO at Glen Burnie Bancorp and The Bank of Glen Burnie, succeeding John D. Long, who earlier this year announced his intent to retire. Mr. Hanna will join The Bank of Glen Burnie on October 2, 2023 as Executive Vice President, and, upon Mr. Long's retirement effective October 16, 2023, Mr. Hanna will move into the President and CEO role at Glen Burnie Bancorp and The Bank of Glen Burnie.

Glen Burnie Bancorp Names Mark Hanna as New President and CEO

GLEN BURNIE, Md., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (“Bancorp”) (NASDAQ: GLBZ), the bank holding company for The Bank of Glen Burnie (“Bank”), announced today net income of $276,000, or $0.10 per basic and diluted common share for the three-month period ended June 30, 2023, compared to net income of $309,000, or $0.11 per basic and diluted common share for the three-month period ended June 30, 2022.   Bancorp reported net income of $710,000, or $0.25 per basic and diluted common share for the six-month period ended June 30, 2023, compared to $540,000, or $0.19 per basic and diluted common share for the same period in 2022. On June 30, 2023, Bancorp had total assets of $363.6 million. Bancorp, the oldest independent commercial bank in Anne Arundel County, will pay its 124th consecutive quarterly dividend on August 7, 2023.

Glen Burnie Bancorp Announces Second Quarter 2023 Results

GLEN BURNIE, Md., July 14, 2023 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (NASDAQ: GLBZ), parent company of The Bank of Glen Burnie®, announced that its Board of Directors declared a regular dividend of ten cents ($0.10) per share of common stock at their meeting on July 13, 2023. This action marks the company's 124th consecutive dividend.

Glen Burnie Bancorp Declares 2Q 2023 Dividend

GLEN BURNIE, Md., June 30, 2023 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (NASDAQ: GLBZ), parent company of The Bank of Glen Burnie®, announced today that President and CEO, John D. Long, plans to retire from the Bank by the end of 2023 to spend more time with family and pursue other opportunities. Mr. Long will work closely with the Board of Directors to ensure a smooth leadership transition and will remain at the Bank during the transition period.

President and CEO John Long Announces Intention to Retire From The Bank of Glen Burnie

GLEN BURNIE, Md., April 14, 2023 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (NASDAQ: GLBZ), parent company of The Bank of Glen Burnie®, announced that its Board of Directors declared a regular dividend of ten cents ($0.10) per share of common stock at their meeting on April 13, 2023. This action marks the company's 123rd consecutive dividend.

Glen Burnie Bancorp Declares 1Q 2023 Dividend

GLEN BURNIE, Md., Feb. 14, 2023 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (“Bancorp”) (NASDAQ: GLBZ), the bank holding company for The Bank of Glen Burnie (“Bank”), announced today net income of $830,000, or $0.29 per basic and diluted common share for the three-month period ended December 31, 2022, compared to net income of $554,000, or $0.19 per basic and diluted common share for the three-month period ended December 31, 2021. Bancorp reported net income of $1.75 million, or $0.61 per basic and diluted common share for the twelve-month period ended December 31, 2022, compared to $2.52 million, or $0.88 per basic and diluted common share for the same period in 2021. On December 31, 2022, Bancorp had total assets of $381.4 million. Bancorp, the oldest independent commercial bank in Anne Arundel County, paid its 122nd consecutive quarterly dividend on February 6, 2023.

Glen Burnie Bancorp Announces Fourth Quarter and Full Year 2022 Results

GLEN BURNIE, Md., Jan. 13, 2023 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (NASDAQ: GLBZ), parent company of The Bank of Glen Burnie®, announced that its Board of Directors declared a regular dividend of ten cents ($0.10) per share of common stock at their meeting on January 12, 2023. This action marks the company's 122nd consecutive dividend.

Glen Burnie Bancorp Declares 4Q 2022 Dividend

GLEN BURNIE, Md., Nov. 04, 2022 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (“Bancorp”) (NASDAQ: GLBZ), the bank holding company for The Bank of Glen Burnie (“Bank”), announced today net income of $375,000, or $0.13 per basic and diluted common share for the three-month period ended September 30, 2022, compared to net income of $888,000, or $0.31 per basic and diluted common share for the three-month period ended September 30, 2021. Bancorp reported net income of $915,000, or $0.32 per basic and diluted common share for the nine-month period ended September 30, 2022, compared to $1,962,000, or $0.69 per basic and diluted common share for the same period in 2021. On September 30, 2022, Bancorp had total assets of $415.6 million. Bancorp, the oldest independent commercial bank in Anne Arundel County, will pay its 121st consecutive quarterly dividend on November 7, 2022.

Glen Burnie Bancorp Announces Third Quarter 2022 Results

GLEN BURNIE, Md., Oct. 14, 2022 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (NASDAQ: GLBZ), parent company of The Bank of Glen Burnie®, announced that its Board of Directors declared a regular dividend of ten cents ($0.10) per share of common stock at their meeting on October 13, 2022. This action marks the company's 121st consecutive dividend.

Glen Burnie Bancorp Declares 3Q 2022 Dividend

GLEN BURNIE, Md., Aug. 08, 2022 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (“Bancorp”) (NASDAQ: GLBZ), the bank holding company for The Bank of Glen Burnie (“Bank”), announced today net income of $309,000, or $0.11 per basic and diluted common share for the three-month period ended June 30, 2022, compared to net income of $480,000, or $0.17 per basic and diluted common share for the three-month period ended June 30, 2021.   Bancorp reported net income of $540,000, or $0.19 per basic and diluted common share for the six-month period ended June 30, 2022, compared to $1,074,000, or $0.38 per basic and diluted common share for the same period in 2021. On June 30, 2022, Bancorp had total assets of $429.4 million. Bancorp, the oldest independent commercial bank in Anne Arundel County, will pay its 120th consecutive quarterly dividend on August 8, 2022.

Glen Burnie Bancorp Announces Second Quarter 2022 Results

GLEN BURNIE, Md., July 15, 2022 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (NASDAQ: GLBZ), parent company of The Bank of Glen Burnie®, announced that its Board of Directors declared a regular dividend of ten cents ($0.10) per share of common stock at their meeting on July 14, 2022. This action marks the company's 120th consecutive dividend.

Glen Burnie Bancorp Declares 2Q 2022 Dividend

GLEN BURNIE, Md., April 26, 2022 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (“Bancorp”) (NASDAQ: GLBZ), the bank holding company for The Bank of Glen Burnie (“Bank”), today reported results for the first quarter ended March 31, 2022. Net income for the first quarter was $0.23 million, or $0.08 per basic and diluted common share, as compared to $0.59 million, or $0.21 per basic and diluted common share for the three-month period ended March 31, 2021.   On March 31, 2022, Bancorp had total assets of $437.4 million. Bancorp, the oldest independent commercial bank in Anne Arundel County, will pay its 119th consecutive quarterly dividend on May 9, 2022.

Glen Burnie Bancorp Announces First Quarter 2022 Results

GLEN BURNIE, Md., April 15, 2022 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (NASDAQ: GLBZ), parent company of The Bank of Glen Burnie®, announced that its Board of Directors declared a regular dividend of ten cents ($0.10) per share of common stock at their meeting on April 14, 2022. This action marks the company's 119th consecutive dividend.

Glen Burnie Bancorp Declares 1Q 2022 Dividend

GLEN BURNIE, Md., Feb. 02, 2022 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (“Bancorp”) (NASDAQ: GLBZ), the bank holding company for The Bank of Glen Burnie (“Bank”), announced today a net income of $0.55 million, or $0.19 per basic and diluted common share for the three-month period ended December 31, 2021, compared to net income of $0.55 million, or $0.19 per basic and diluted common share for the three-month period ended December 31, 2020.

Glen Burnie Bancorp Announces Fourth Quarter And Full Year 2021 Results

GLEN BURNIE, Md., Jan. 14, 2022 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (NASDAQ: GLBZ), parent company of The Bank of Glen Burnie®, announced that its Board of Directors declared a regular dividend of ten cents ($0.10) per share of common stock at their meeting on January 13, 2022. This action marks the company's 118th consecutive dividend.

Glen Burnie Bancorp Declares 4Q 2021 Dividend

GLEN BURNIE, Md., Nov. 03, 2021 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (“Bancorp”) (NASDAQ: GLBZ), the bank holding company for The Bank of Glen Burnie (“Bank”), announced today net income of $888,000, or $0.31 per basic and diluted common share for the three-month period ended September 30, 2021, as compared to $949,000, or $0.33 per basic and diluted common share for the three-month period ended September 30, 2020. Bancorp reported net income of $1,962,000, or $0.69 per basic and diluted common share for the nine-month period ended September 30, 2021, compared to $1,123,000, or $0.40 per basic and diluted common share for the same period in 2020. On September 30, 2021, Bancorp had total assets of $432.8 million. Bancorp, the oldest independent commercial bank in Anne Arundel County, will pay its 117th consecutive quarterly dividend on November 8, 2021. The Company recorded a net benefit of $122,000 from the release of allowance for credit losses loans (“ACL-loans”) for the third quarter of 2021 and $593,000 for the nine months ended September 30, 2021. This compares to a release of ACL-loans of $669,000 for the third quarter of 2020 and $263,000 for the nine months ended September 30, 2020. (The third quarter of 2020 results include the reversal of a previously recorded $509,000 ACL-loan provision related to the expected impact on credit losses due the COVID-19 pandemic, which reversal is reflected in the 2020 nine-month results, as well). This provision was recaptured in September 2020 when it was determined that the impact of COVID-19 would be less significant than previously anticipated.

Glen Burnie Bancorp Announces Third Quarter 2021 Results

GLEN BURNIE, Md., Oct. 15, 2021 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (NASDAQ: GLBZ), parent company of The Bank of Glen Burnie®, announced that its Board of Directors declared a regular dividend of ten cents ($0.10) per share of common stock at their meeting on October 14, 2021. This action marks the company's 117th consecutive dividend.

Glen Burnie Bancorp Declares 3Q 2021 Dividend

GLEN BURNIE, Md., Aug. 05, 2021 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (“Bancorp”) (NASDAQ: GLBZ), the bank holding company for The Bank of Glen Burnie (“Bank”), announced today net income of $480,000, or $0.17 per basic and diluted common share for the three-month period ended June 30, 2021, as compared to a net loss of $96,000, or $0.03 per basic and diluted common share for the three-month period ended June 30, 2020. Bancorp reported net income of $1,074,000, or $0.38 per basic and diluted common share for the six-month period ended June 30, 2021, compared to $174,000, or $0.06 per basic and diluted common share for the same period in 2020. On June 30, 2021, Bancorp had total assets of $432.8 million. Bancorp, the oldest independent commercial bank in Anne Arundel County, paid its 116th consecutive quarterly dividend on July 30, 2021. The Company recorded a net benefit of $67,000 from the release of allowance for credit losses loans (“ACL-loans”) for the second quarter of 2021 and $471,000 for the first half of 2021 compared to a provision for credit losses (“PCL-loans”) of $487,000 for the second quarter of 2020 and $407,000 for the first half of 2020.

Glen Burnie Bancorp Announces Second Quarter 2021 Results

GLEN BURNIE, Md., July 09, 2021 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (NASDAQ: GLBZ), parent company of The Bank of Glen Burnie®, announced that its Board of Directors declared a regular dividend of ten cents ($0.10) per share of common stock at their meeting on July 8, 2021. This action marks the company's 116th consecutive dividend.

Glen Burnie Bancorp Declares 2Q 2021 Dividend

GLEN BURNIE, Md., May 03, 2021 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (“Bancorp”) (NASDAQ: GLBZ), the bank holding company for The Bank of Glen Burnie (“Bank”), today reported results for the first quarter ended March 31, 2021. Net income for the first quarter was $0.59 million, or $0.21 per basic and diluted common share, as compared to $0.27 million, or $0.09 per basic and diluted common share for the three-month period ended March 31, 2020.

Glen Burnie Bancorp Announces First Quarter 2021 Results

GLEN BURNIE, Md., April 09, 2021 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (NASDAQ: GLBZ), parent company of The Bank of Glen Burnie®, announced that its Board of Directors declared a regular dividend of ten cents ($0.10) per share of common stock at their meeting on April 8, 2021. This action marks the company's 115th consecutive dividend.

Glen Burnie Bancorp Declares 1Q 2021 Dividend

GLEN BURNIE, Md., Feb. 03, 2021 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (“Bancorp”) (NASDAQ: GLBZ), the bank holding company for The Bank of Glen Burnie (“Bank”), announced today a net income of $0.55 million, or $0.19 per basic and diluted common share for the three-month period ended December 31, 2020, as compared to net income of $0.54 million, or $0.19 per basic and diluted common share for the three-month period ended December 31, 2019.

Glen Burnie Bancorp Announces Fourth Quarter and Full Year 2020 Results

GLEN BURNIE, Md., Jan. 15, 2021 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (NASDAQ: GLBZ), parent company of The Bank of Glen Burnie®, announced that its Board of Directors declared a regular dividend of ten cents ($0.10) per share of common stock at their meeting on January 14, 2021. This action marks the company's 114th consecutive dividend.

Glen Burnie Bancorp Declares 4Q 2020 Dividend

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GLEN BURNIE, Md., Nov. 04, 2020 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (“Bancorp”) (NASDAQ: GLBZ), the bank holding company for The Bank of Glen Burnie (“Bank”), announced today a net income of $949,000, or $0.33 per basic and diluted common share for the three-month period ended September 30, 2020, as compared to net income of $606,000, or $0.21 per basic and diluted common share for the three-month period ended September 30, 2019.

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