Glen Burnie Bancorp Declares 2Q Dividend

GLEN BURNIE, Md.--(BUSINESS WIRE)--Glen Burnie Bancorp (NASDAQ:GLBZ), parent company of The Bank of Glen Burnie, today announced that on June 12, 2008 its Board of Directors declared a regular dividend of ten cents ($0.10) per share of common stock. This action marks the company’s 63rd consecutive dividend.

The regular dividend is payable on July 10, 2008 to shareholders of record at the close of business on June 27, 2008. As of June 12, 2008, Glen Burnie Bancorp had 2,991,268 common shares outstanding with approximately 450 shareholders of record.

The Bank of Glen Burnie has earned the 5-Star Superior Rating from BAUER FINANCIAL Reports, Inc., the nation’s leading independent bank research firm, for 25 consecutive quarters. This distinction denotes the highest level of strength, safety and performance measured by Bauer. The 5-Star Superior Rating is based on factors such as capitalization, liquidity, loan delinquency rate and historical performance.

Glen Burnie Bancorp, parent company to The Bank of Glen Burnie®, currently maintains consolidated assets totaling more than $310 million. Founded in 1949, The Bank of Glen Burnie® is a locally-owned community bank with eight branch offices serving Anne Arundel County. (www.thebankofglenburnie.com)

Certain information contained in this news release, which does not relate to historical financial information, may be deemed to constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties, which could cause the company’s actual results in the future to differ materially from its historical results and those presently anticipated or projected. For a more complete discussion of these and other risk factors, please see the company’s reports filed with the Securities and Exchange Commission.