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Glen Burnie Bancorp Announces Second Quarter 2021 Results

Glen Burnie Bancorp Announces Second Quarter 2021 Results
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Stocks That Hit 52-Week Highs On Wednesday

Stocks That Hit 52-Week Highs On Wednesday
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Glen Burnie Bancorp Announces First Quarter 2021 Results

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GLEN BURNIE, Md., May 03, 2021 (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, 2021. Net income for the first quarter was $0.59 million, or $0.21 per basic and diluted common share, as compared to $0.27 million, or $0.09 per basic and diluted common share for the three-month period ended March 31, 2020.
Net loan balances decreased by $8.4 million, or 3.32%, during the three-month period ended March 31, 2021, driven primarily by a $6.0 million decline in the indirect automobile loan portfolio. Since the end of 2020, loan payoffs are creating significant headwinds and margin compression. On March 31, 2021, Bancorp had total assets of $436.7 million. Bancorp, the oldest independent commercial bank in Anne Arundel County, paid its 115 ....

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Glen Burnie Bancorp (NASDAQ:GLBZ) - Understanding Glen Burnie Bancorp's Ex-Dividend Date

Glen Burnie Bancorp (NASDAQ:GLBZ) - Understanding Glen Burnie Bancorp's Ex-Dividend Date
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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Executive Alliance report shows Maryland companies diversifying boards at 'a slow crawl'

Executive Alliance report shows Maryland companies diversifying boards at 'a slow crawl'
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

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