Glen Burnie Bancorp (NASDAQ: GLBZ), parent company of The Bank of Glen Burnie, today announced that on March 10, 2011 its Board of Directors declared a regular dividend of ten cents ($0.10) per share of common stock. This action marks the company’s 75 th consecutive dividend.
The regular dividend is payable on April 6, 2011 to shareholders of record at the close of business on March 24, 2011. As of March 10, 2011, Glen Burnie Bancorp had 2,702,093 common shares outstanding with approximately 430 shareholders of record.
Glen Burnie Bancorp will host its Annual Meeting of Stockholders at 2:00 p.m. on Thursday, May 12, 2011 at Michael’s Eighth Avenue in Glen Burnie, Maryland.
The Bank of Glen Burnie ® was voted Best Bank in the Maryland Gazette Readers Choice in 2010 and Business of the Year by the Northern Anne Arundel County Chamber of Commerce in January of 2011.Glen Burnie Bancorp, parent company to The Bank of Glen Burnie ®, currently maintains consolidated assets totaling more than $347 million. Founded in 1949, The Bank of Glen Burnie ® is a locally-owned 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.