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Glen Burnie announces USD0.10 p/s quarterly dividend.

BANKING AND CREDIT NEWS-11 June 2010-Glen Burnie announces USD0.10 p/s quarterly dividend(C)1994-2010 M2 COMMUNICATIONS

11 June 2010 - Glen Burnie Bancorp (NASDAQ: GLBZ), the holding company for US lender The Bank of Glen Burnie, said it would pay a second-quarter common stock dividend of USD0.10 (EUR0.083) apiece.

The amounts will be available on 8 July 2010 to stockholders of record at the close of business on 25 June 2010.

The payment will be the sixty-eighth consecutive dividend distribution of the company.

The company's stockholders of record numbered some 450 as on 10 June 2010. The ordinary shares outstanding were 2,687,190.

Glen Burnie's net profit shrank to USD399,000, or USD0.15 basic earnings per share, in the first quarter of 2010 from USD455,000, or USD0.16 basic earnings per share, a year earlier.

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Publication:M2 Banking & Credit News (BCN)
Date:Jun 11, 2010
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