Glen Burnie Bancorp operates as the bank holding company for The Bank of Glen Burnie that provides commercial and retail banking services to individuals, associations, partnerships, and corporations. The company accepts various deposits, including savings accounts, money market deposit accounts, demand deposit accounts, NOW checking accounts, and IRA and SEP accounts, as well as certificates of deposit. It also provides residential and commercial real estate, construction, land acquisition and development, and secured and unsecured commercial loans, as well as consumer installment lending, such as indirect automobile lending services; and residential first and second mortgage loans, home equity lines of credit, and commercial mortgage loans. In addition, the company offers ancillary products and services comprising safe deposit boxes, money orders, night depositories, automated clearinghouse transactions, and automated teller machine (ATM) services, as well as electronic banking services that include telephone banking, online banking, bill pay, card control, mobile app, merchant source capture, mobile deposit capture, Zelle, etc. Further, it provides treasury services, including wire transfer and ACH services, and debit cards. Additionally, the company engages in the business of acquiring, holding, and disposing of real property. It serves customers in northern Anne Arundel county and surrounding areas from its main office and branch in Glen Burnie, Maryland; and branch offices in Odenton, Riviera Beach, Crownsville, Severn, Linthicum, and Severna Park, Maryland. The company also has a remote ATM located in Pasadena, Maryland. Glen Burnie Bancorp was founded in 1949 and is headquartered in Glen Burnie, Maryland.
IPO Year:
Exchange: NASDAQ
Website: thebankofglenburnie.com
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GLEN BURNIE, Md., April 09, 2025 (GLOBE NEWSWIRE) -- The Bank of Glen Burnie®, a wholly owned subsidiary of Glen Burnie Bancorp (NASDAQ:GLBZ), announced today the expansion of its lending team to position the Bank to carry out its growth strategy focused on growing the commercial banking and lending portfolios. Jonathan Shearin, who previously served in the role of vice president and director of commercial banking, was promoted to the role of chief lending officer effective March 13, 2025. Jeff Welch was named executive vice president and chief credit officer effective March 31, 2025. "Jonathan hit the ground running and has made a significant impact to our loan portfolio since joining th
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, Md., Jan. 15, 2021 (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 January 14, 2021. This action marks the company’s 114th consecutive dividend. The regular dividend is payable on February 8, 2021 to shareholders of record at the close of business on January 25, 2021. Glen Burnie Bancorp, parent company to The Bank of Glen Burnie, currently maintains consolidated assets totaling $419.6 million at December 31, 2020. Founded in 1949, The Bank of Glen Burnie is a community bank with eight branch
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GLEN BURNIE, Md., May 07, 2025 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp ("Bancorp") (NASDAQ:GLBZ), the bank holding company for The Bank of Glen Burnie ("Bank"), today reported results for the first quarter ended March 31, 2025. Net income for the first quarter was $153,000, or $0.05 per basic and diluted common share, as compared to net income of $3,000, or $0 per basic and diluted common share for the three-month period ended March 31, 2024. On March 31, 2025, Bancorp had total assets of $358.0 million. Bancorp is the oldest independent commercial bank in Anne Arundel County. "The Company continues to pursue growing loans and deposits to improve revenues, margins and, ultimately, profi
GLEN BURNIE, Md., April 09, 2025 (GLOBE NEWSWIRE) -- The Bank of Glen Burnie®, a wholly owned subsidiary of Glen Burnie Bancorp (NASDAQ:GLBZ), announced today the expansion of its lending team to position the Bank to carry out its growth strategy focused on growing the commercial banking and lending portfolios. Jonathan Shearin, who previously served in the role of vice president and director of commercial banking, was promoted to the role of chief lending officer effective March 13, 2025. Jeff Welch was named executive vice president and chief credit officer effective March 31, 2025. "Jonathan hit the ground running and has made a significant impact to our loan portfolio since joining th
GLEN BURNIE, Md., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp ("Bancorp") (NASDAQ:GLBZ), the bank holding company for The Bank of Glen Burnie ("Bank"), announced today net loss of $39,000, or -$0.01 per basic and diluted common share, for the three-month period ended December 31, 2024, compared to net income of $167,000, or $0.06 per basic and diluted common share, for the three-month period ended December 31, 2023. Bancorp reported a net loss of $112,000, or -$0.04 per basic and diluted common share, for the twelve-month period ended December 31, 2024, compared to net income of $1.4 million, or $0.50 per basic and diluted common share, for the same period in 2023. On December 31
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., 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
GLEN BURNIE, Md., April 26, 2024 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp ("Bancorp") (NASDAQ:GLBZ), the bank holding company for The Bank of Glen Burnie ("Bank"), today reported results for the first quarter ended March 31, 2024. Net income for the first quarter was $3,000, or $0 per basic and diluted common share, as compared to $0.44 million, or $0.15 per basic and diluted common share for the three-month period ended March 31, 2023. On March 31, 2024, Bancorp had total assets of $369.9 million. Bancorp, the oldest independent commercial bank in Anne Arundel County, will pay its 127th consecutive quarterly dividend on May 6, 2024. "Our first quarter 2024 earnings were negatively impacte
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 ser
GLEN BURNIE, Md., May 07, 2025 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp ("Bancorp") (NASDAQ:GLBZ), the bank holding company for The Bank of Glen Burnie ("Bank"), today reported results for the first quarter ended March 31, 2025. Net income for the first quarter was $153,000, or $0.05 per basic and diluted common share, as compared to net income of $3,000, or $0 per basic and diluted common share for the three-month period ended March 31, 2024. On March 31, 2025, Bancorp had total assets of $358.0 million. Bancorp is the oldest independent commercial bank in Anne Arundel County. "The Company continues to pursue growing loans and deposits to improve revenues, margins and, ultimately, profi
GLEN BURNIE, Md., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp ("Bancorp") (NASDAQ:GLBZ), the bank holding company for The Bank of Glen Burnie ("Bank"), announced today net loss of $39,000, or -$0.01 per basic and diluted common share, for the three-month period ended December 31, 2024, compared to net income of $167,000, or $0.06 per basic and diluted common share, for the three-month period ended December 31, 2023. Bancorp reported a net loss of $112,000, or -$0.04 per basic and diluted common share, for the twelve-month period ended December 31, 2024, compared to net income of $1.4 million, or $0.50 per basic and diluted common share, for the same period in 2023. On December 31
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
GLEN BURNIE, Md., April 26, 2024 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp ("Bancorp") (NASDAQ:GLBZ), the bank holding company for The Bank of Glen Burnie ("Bank"), today reported results for the first quarter ended March 31, 2024. Net income for the first quarter was $3,000, or $0 per basic and diluted common share, as compared to $0.44 million, or $0.15 per basic and diluted common share for the three-month period ended March 31, 2023. On March 31, 2024, Bancorp had total assets of $369.9 million. Bancorp, the oldest independent commercial bank in Anne Arundel County, will pay its 127th consecutive quarterly dividend on May 6, 2024. "Our first quarter 2024 earnings were negatively impacte
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 ser
GLEN BURNIE, Md., Feb. 16, 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 $167,000, or $0.06 per basic and diluted common share for the three-month period ended December 31, 2023, compared to net income of $830,000, or $0.29 per basic and diluted common share for the three-month period ended December 31, 2022. Bancorp reported net income of $1.43 million, or $0.50 per basic and diluted common share for the twelve-month period ended December 31, 2023, compared to $1.75 million, or $0.61 per basic and diluted common share for the same period in 2022. On December 31, 2023, B
GLEN BURNIE, Md., Jan. 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 January 11, 2024. This action marks the company's 126th consecutive dividend. The regular dividend is payable on February 5, 2024, to shareholders of record at the close of business on January 22, 2024. Glen Burnie Bancorp, parent company to The Bank of Glen Burnie, currently maintains consolidated assets totaling $351.8 million at December 31, 2023. Founded in 1949, The Bank of Glen Burnie is a community bank with eight branch
GLEN BURNIE, Md., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp ("Bancorp") (NASDAQ:GLBZ), the bank holding company for The Bank of Glen Burnie ("Bank"), announced today net income of $551,000, or $0.19 per basic and diluted common share for the three-month period ended September 30, 2023, compared to net income of $375,000, or $0.13 per basic and diluted common share for the three-month period ended September 30, 2022. Bancorp reported net income of $1.3 million, or $0.44 per basic and diluted common share for the nine-month period ended September 30, 2023, compared to $915,000, or $0.32 per basic and diluted common share for the same period in 2022. On September 30, 2023, Bancorp
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