Glen Burnie Bancorp Q3 2023 $0.19 Up From $0.13 YoY
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GLEN BURNIE, Md., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp ("Bancorp") (NASDAQ:GLBZ), the bank holding company for The Bank of Glen Burnie ("Bank"), announced today net income of $129,000, or $0.04 per basic and diluted common share for the three-month period ended September 30, 2024, compared to net income of $551,000, or $0.19 per basic and diluted common share for the three-month period ended September 30, 2023. Bancorp reported a net loss of $72,000, or $0.02 per basic and diluted common share for the nine-month period ended September 30, 2024, compared to net income of $1.3 million, or $0.44 per basic and diluted common share for the same period in 2023. On September 30
GLEN BURNIE, Md., Oct. 22, 2024 (GLOBE NEWSWIRE) -- The Bank of Glen Burnie®, a wholly owned subsidiary of Glen Burnie Bancorp (NASDAQ:GLBZ), expanded its business banking team. Jonathan Shearin was named director of commercial banking and Ed Abedi was named vice president of cash management, announced Mark C. Hanna, President and CEO of Glen Burnie Bancorp and The Bank of Glen Burnie. Hanna commented, "We are thrilled to welcome Jonathan and Ed to the team. Growing our ability to serve the businesses of Anne Arundel County is goal number one for the Bank. As an independent, community-driven bank, we're uniquely positioned to support small businesses—the backbone of job creation. Jonathan
GLEN BURNIE, Md., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (NASDAQ:GLBZ), the parent company of The Bank of Glen Burnie®, named Felton Magee Jr. to the Board of Directors, announced Mark C. Hanna, President and CEO of Glen Burnie Bancorp and The Bank of Glen Burnie. "Felton is an accomplished business leader with a proven track record of identifying and implementing strategies for accelerating growth," said Hanna. "He has skillfully navigated challenging situations using his expertise to streamline business processes, boost profitability, and deliver impactful results. Felton strikes the perfect balance between analytical precision and a people-centered approach. In a word,
GLEN BURNIE, Md., Oct. 22, 2024 (GLOBE NEWSWIRE) -- The Bank of Glen Burnie®, a wholly owned subsidiary of Glen Burnie Bancorp (NASDAQ:GLBZ), expanded its business banking team. Jonathan Shearin was named director of commercial banking and Ed Abedi was named vice president of cash management, announced Mark C. Hanna, President and CEO of Glen Burnie Bancorp and The Bank of Glen Burnie. Hanna commented, "We are thrilled to welcome Jonathan and Ed to the team. Growing our ability to serve the businesses of Anne Arundel County is goal number one for the Bank. As an independent, community-driven bank, we're uniquely positioned to support small businesses—the backbone of job creation. Jonathan
GLEN BURNIE, Md., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (NASDAQ:GLBZ), the parent company of The Bank of Glen Burnie®, named Felton Magee Jr. to the Board of Directors, announced Mark C. Hanna, President and CEO of Glen Burnie Bancorp and The Bank of Glen Burnie. "Felton is an accomplished business leader with a proven track record of identifying and implementing strategies for accelerating growth," said Hanna. "He has skillfully navigated challenging situations using his expertise to streamline business processes, boost profitability, and deliver impactful results. Felton strikes the perfect balance between analytical precision and a people-centered approach. In a word,
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. "On behalf of the Board of Directors, the management team, and our employees, I would like to extend our sincere gratitude to Mr. Long for his service to The Bank of Glen Burnie and Glen Burnie Bancorp," said John E. Demyan, Chairman of the Board
Glen Burnie Bancorp (NASDAQ:GLBZ) reported $2.80 million in sales this quarter. This is a 18.17 percent decrease over sales of $3.42 million the same period last year.
Glen Burnie Bancorp (NASDAQ:GLBZ) reported quarterly earnings of $0.06 per share. This is a 79.31 percent decrease over earnings of $0.29 per share from the same period last year.
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GLEN BURNIE, Md., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp ("Bancorp") (NASDAQ:GLBZ), the bank holding company for The Bank of Glen Burnie ("Bank"), announced today net income of $129,000, or $0.04 per basic and diluted common share for the three-month period ended September 30, 2024, compared to net income of $551,000, or $0.19 per basic and diluted common share for the three-month period ended September 30, 2023. Bancorp reported a net loss of $72,000, or $0.02 per basic and diluted common share for the nine-month period ended September 30, 2024, compared to net income of $1.3 million, or $0.44 per basic and diluted common share for the same period in 2023. On September 30
GLEN BURNIE, Md., July 26, 2024 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp ("Bancorp") (NASDAQ:GLBZ), the bank holding company for The Bank of Glen Burnie ("Bank"), announced today a net loss of $204,000, or $0.07 per basic and diluted common share for the three-month period ended June 30, 2024, compared to net income of $276,000, or $0.10 per basic and diluted common share for the three-month period ended June 30, 2023. Bancorp reported a net loss of $201,000, or $0.07 per basic and diluted common share for the six-month period ended June 30, 2024, compared to net income of $710,000, or $0.25 per basic and diluted common share for the same period in 2023. On June 30, 2024, Bancorp had tota
GLEN BURNIE, Md., July 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 July 11, 2024. This action marks the company's 128th consecutive dividend. The regular dividend is payable on August 5, 2024, to shareholders of record at the close of business on July 22, 2024. Glen Burnie Bancorp, parent company to The Bank of Glen Burnie, currently maintains consolidated assets totaling $355.7 million at June 30, 2024. Founded in 1949, The Bank of Glen Burnie is a community bank with eight branch offices serv
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