Glen Burnie Bancorp Declares 1Q 2024 Dividend

Rhea-AI Summary

Glen Burnie Bancorp (GLBZ) declares a regular dividend of $0.10 per share, marking its 127th consecutive dividend. The company's consolidated assets stand at $369.9 million as of March 31, 2024. Founded in 1949, The Bank of Glen Burnie serves Anne Arundel County, MD.

GLEN BURNIE, Md., April 12, 2024 (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 11, 2024. This action marks the company’s 127th consecutive dividend.

The regular dividend is payable on May 6, 2024, to shareholders of record at the close of business on April 22, 2024.

Glen Burnie Bancorp, parent company to The Bank of Glen Burnie, currently maintains consolidated assets totaling $369.9 million at March 31, 2024. Founded in 1949, The Bank of Glen Burnie is a community bank with eight branch offices serving Anne Arundel County, MD (www.thebankofglenburnie.com).

Certain information contained in this news release, which does not relate to historical financial information, may be deemed to constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties, which could cause the company’s actual results in the future to differ materially from its historical results and those presently anticipated or projected. For a more complete discussion of these and other risk factors, please see the company’s reports filed with the Securities and Exchange Commission.

FAQ

What dividend has Glen Burnie Bancorp declared per share?

Glen Burnie Bancorp declared a regular dividend of ten cents ($0.10) per share of common stock.

When is the dividend payable to shareholders of Glen Burnie Bancorp?

The regular dividend is payable on May 6, 2024, to shareholders of record at the close of business on April 22, 2024.

What are the consolidated assets of Glen Burnie Bancorp as of March 31, 2024?

Glen Burnie Bancorp's consolidated assets total $369.9 million as of March 31, 2024.

When was The Bank of Glen Burnie founded?

The Bank of Glen Burnie was founded in 1949.

How many branch offices does The Bank of Glen Burnie have?

The Bank of Glen Burnie has eight branch offices serving Anne Arundel County, MD.