Glen Burnie Bancorp(GLBZ) - 2024 Q2 - Quarterly Results

GLEN BURNIE BANCORP ANNOUNCES SECOND QUARTER 2024 RESULTS "The current interest rate environment remains challenging for community banks with respect to profitability," said Mark C. Hanna, President, and Chief Executive Officer. "The continued surprising strength in the economy has caused the current interest rate environment to remain 'higher for longer' which puts continued pressure on banks in the competition for deposits and the cost of funds. Our second quarter, 2024, earnings were impacted by a $599,0 ...