Glen Burnie Bancorp, the parent company of The Bank of Glen Burnie, has announced the declaration of its 128th consecutive dividend. The 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 dividend is a testament to the company’s commitment to providing value to its shareholders.
The regular dividend is set to be paid on August 5, 2024, to shareholders of record as of July 22, 2024. Glen Burnie Bancorp, which currently maintains consolidated assets totaling $355.7 million as of June 30, 2024, has consistently demonstrated its financial stability and growth.
Founded in 1949, The Bank of Glen Burnie is a community bank that serves Anne Arundel County, MD, with eight branch offices. The bank’s long-standing presence in the community and its dedication to providing personalized banking services have contributed to its success.
It is important to note that certain information contained in this news release may be deemed to constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Glen Burnie Bancorp acknowledges the potential risks and uncertainties associated with these statements, which could impact the company’s future results. For a more comprehensive understanding of these risks and other factors, interested parties are encouraged to review the company’s reports filed with the Securities and Exchange Commission.
For more information, please contact Jeffrey D Harris, SVP & Chief Financial Officer, at JDHarris@bogb.net or 410-768-8883.