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Stock impact report

Glen Burnie Bancorp Announces Third Quarter 2019 Results

Glen Burnie Bancorp (GLBZ) 
US:NASDAQ Investor Relations: thebankofglenburnie.com/investor-relations
Company Research Source: GlobeNewswire
GLEN BURNIE, Md., Nov. 01, 2019 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (“Bancorp”) (NASDAQ: GLBZ), the bank holding company for The Bank of Glen Burnie (“Bank”), announced today net income of $606,000, or $0.21 per basic and diluted common share for the three-month period ended September 30, 2019, as compared to net income of $439,000, or $0.16 per basic and diluted common share for the three-month period ended September 30, 2018. Bancorp reported net income of $1,060,000, or $0.38 per basic and diluted common share for the nine-month period ended September 30, 2019, compared to $1,172,000, or $0.42 per basic and diluted common share for the same period in 2018.  At September 30, 2019, Bancorp had total assets of $383.4 million.  Bancorp, the oldest independent commercial bank in Anne Arundel County, will pay its 109th consecutive quarterly dividend on November 1, 2019. “We are pleased with our performance during the third quarter and believe we are well positioned to take advant Show less Read more
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