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								<u><b>GLEN BURNIE BANCORP RELEASES 3Q EARNINGS</u></b> \ <br /><br />\
			 					GLEN BURNIE, MD (November 3, 2011) - Glen Burnie Bancorp (NASDAQ: GLBZ), parent company of The Bank of Glen Burnie®, today announced results for the third quarter.\<br /><br />\
The company realized a net income of $770,000 or $0.29 basic earnings per share in the quarter ended September 30, 2011 compared to net income of $689,000 or $0.25 basic earnings per share for the same three month period in 2010. For the nine months ending September 30, 2011, net income was $2,237,000 or $0.83 basic earnings per share as compared to net income of $1,410,000 or $0.52 basic earings per share for the same period in 2010.\<br /><br />\
The bank achieved the following additional highlights:\<br /><br />\
<li>58.65% increase in year to date net income</li>\<br></br />\
<li>15.46% increase in year to date equity</li>\<br /><br />\
<li>5.18% increase in year to date deposits</li>\<br></br />\
<li>4.37% increase in year to date total assests</li>\<br /><br />\
Total interest income for the quarter ending September 30, 2011 was $4,349,000 as compared to $4,608,000 for the same period in 2010. Total interest income was $12,958,000 for then nine months ending September 30, 2011 as compared to $13,792,000 for the same period in 2010. For the three month period ending September 30, 2011, net interest income after provisions for credit losses was $3,284,000 as compared to $2,911,000 for the same period in 2010. For the nine months ending September 30, 2011, net interest income after provisions for credit losses was $9,802,000 as compared to $8,436,000 for the same period in 2010.\<br /><br />\
\"We are pleased with the results being released that show the Bancorp with asset growth, equity growth, deposit growth and increased earnings. This has allowed the Bancorp to be consistent with dividends; which is important in the uncertain economy that surrounds us today\" commented Michael G. Livingston, President and Chief Executive Officer. \"Glen Burnie Bancorp and The Bank of Glen Burnie® are committed to excellence in satifying the needs of their shareholders, customers and employees.\"\<br /><br />\
On October 6, 2011, Glen Burnie Bancorp paid its 77th consecutive dividend to shareholders of record at the close of business on September 27, 2011.\<br /><br />\
The Bank of Glen Burnie® has been recommended by BAUER FINANCIAL Reports, Inc., the nation's leading independent bank research firm, as Excellent or Superior rated for the past 45 consecutive quarters. This distinction denotes the highest levels of strength, safety and performance measured by BAUER and is based on factors such as capitalization, liquidity, loan delinquency rate and historical performance.\<br /><br />\
Glen Burnie Bancorp, parent company to The Bank of Glen Burnie®, currently maintains consolidated assets totaling more than $360 million. Founded in 1949, The Bank of Glen Burnie® is a community bank with eight branch offices serving Anne Arundel County.\<br /><br />\
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								<font style=\"color: #000000\"><i>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.</i></font><br /><br />\
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