Glen Burnie Bancorp (NASDAQ: GLBZ), parent company of The Bank of Glen Burnie, today announced that on December 9, 2010 its Board of Directors declared a regular dividend of ten cents ($0.10) per share of common stock. This action marks the company’s 74 th consecutive dividend.
The regular dividend is payable on January 6, 2011 to shareholders of record at the close of business on December 27, 2010. As of December 13, 2010, Glen Burnie Bancorp had 2,697,362 common shares outstanding with approximately 428 shareholders of record.
The Bank of Glen Burnie has earned the 5-Star Superior Rating from BAUER FINANCIAL Reports, Inc., the nation’s leading independent bank research firm, for 40 consecutive quarters. This distinction denotes the highest level of strength, safety and performance measured by Bauer. The 5-Star Superior Rating is based on factors such as capitalization, liquidity, loan delinquency rate and historical performance.
Glen Burnie Bancorp, parent company to The Bank of Glen Burnie ®, currently maintains consolidated assets totaling more than $345 million. Founded in 1949, The Bank of Glen Burnie ® is a community bank with eight branch offices serving Anne Arundel County. ( 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.