Glen Burnie Bancorp Declares 3Q Dividend

• Press Release
• Source: Glen Burnie Bancorp
• On 10:39 am EDT, Monday September 14, 2009

GLEN BURNIE, Md.--(BUSINESS WIRE)--Glen Burnie Bancorp (NASDAQ: GLBZ - News), parent company of The Bank of Glen Burnie, today announced that on September 10, 2009 its Board of Directors declared a regular dividend of ten cents ($0.10) per share of common stock. This action marks the company’s 69th consecutive dividend.

Related Quotes

Symbol	Price	Change
GLBZ	8.55	0.00

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The regular dividend is payable on October 6, 2009 to shareholders of record at the close of business on September 25, 2009. As of September 10, 2009, Glen Burnie Bancorp had 2,673,429 common shares outstanding with approximately 435 shareholders of record.

Mr. Livingston stated, “In these unsettling economic times Glen Burnie Bancorp is pleased to continue to maintain the dividend at ten (10) cents per share.”

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 35 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 $320 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.

Glen Burnie Bancorp
Yvonne “Rie” Atkinson
410-768-8857 (office)
ratkinson@bogb.net