GlobeNewswire Inc | Oct 9, 2020 09:25AM EDT

October 09, 2020

GLEN BURNIE, Md., Oct. 09, 2020 (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 October 8, 2020. This action marks the companys 113th consecutive dividend.

The regular dividend is payable on November 2, 2020 to shareholders of record at the close of business on October 19, 2020.

Glen Burnie Bancorp, parent company to The Bank of Glen Burnie, currently maintains consolidated assets totaling $430.9 million at September 30, 2020. Founded in 1949, The Bank of Glen Burnie is a community bank with eight branch offices serving Anne Arundel County, MD (www.thebankofglenburnie.com).

Certain informationcontained inthisnews release, which doesnotrelate tohistorical financial information, may be deemed toconstituteforward-lookingstatements within themeaning ofthePrivateSecurities Litigation ReformAct of1995.Suchstatementsare subjecttocertainrisksanduncertainties,which couldcausethe companys actual results in thefutureto differmateriallyfrom itshistorical results and those presentlyanticipatedorprojected. Foramorecomplete discussion of these and other risk factors, please see the companys reports filedwith theSecurities and Exchange Commission.

Contact: Jeffrey D Harris, SVP & Chief Financial OfficerEmail:JDHarris@bogb.netPhone: 410-768-8883