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Article: Glen Burnie Bancorp Announces Year End Results.
- Article from:
- PR Newswire
- Article date:
- February 17, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Bancorp Reports 11.5 Percent Increase in Net Income for 1998
Loans Up 12.6 Percent Over 1997
GLEN BURNIE, Md., Feb. 17 /PRNewswire/ -- Glen Burnie Bancorp (Nasdaq: GLBZ), parent company of The Bank of Glen Burnie, today released its year end results for 1998.
The company realized net income of $833,192 or $.78 basic earnings per share in the year ended December 31, 1998, which is up 11.5 percent over earnings for the comparable year 1997, when the company reported net income of $747,247 or $.68 basic earnings per share. Loans jumped 12.6 percent to $125.5 million in 1998 up from $111.5 million for the comparable year 1997.
The company ...