<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   FORM 10-KSB

(Mark One)
[X]  ANNUAL REPORT UNDER SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF
     1934

For the fiscal year ended December 31, 2002

[ ]  TRANSITION REPORT UNDER SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT
     OF 1934

For the transition period from ____________________ to ______________________

Commission File Number 000-24255

                                GLB BANCORP, INC.
             (Exact Name of Registrant as Specified in its Charter)

            Ohio                                        31-1529973
(State or Other Jurisdiction of             (I.R.S. Employer Identification No.)
Incorporation of Organization)

          7001 Center Street, Mentor, Ohio                       44060
      (Address of Principal Executive Offices)                 (Zip Code)

                                 (440) 974-0000
              (Registrant's Telephone Number, including Area Code)

Securities registered pursuant to Section 12(b) of the Act:   NONE,
Securities registered pursuant to Section 12(g) of the Act:   Common Stock,
                                                              without par value

Indicate whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12
months (or for such shorter period that the registrant was required to file such
reports), and (2) has been subject to such filing requirements for the past 90
days. Yes [X] No [ ]

Indicate if disclosure of delinquent filers in response to Item 405 of
Regulation S-B is not contained herein, will not be contained, to the
registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-KSB or any amendment to
this Form 10-KSB. [X]

State issuer's revenues for the most recent fiscal year. $7,754,074.

The aggregate market value of the voting stock held by nonaffiliates of the
registrant as of March 13, 2003 was $15,791,508.

Documents incorporated by References:
Portions of the 2002 Annual report-Part II
Portions of the Proxy Statement for the 2003 Annual Meeting (to be filed in
March 2003)- Part III
Transitional Small Business Disclosure Format Yes [ ] No [X]

<PAGE>

                                GLB BANCORP, INC.

                                TABLE OF CONTENTS
<TABLE>
<CAPTION>
                                                                                           Page
                                                                                           ----
<S>                                                                                        <C>
PART I

     Item 1.  Description of Business                                                      3-15

     Item 2.  Description of Property                                                      15

     Item 3.  Legal Proceedings                                                            16

     Item 4.  Submission of Matters to a Vote of Security Holders                          16

PART II

     Item 5.  Market for the Registrant's common Stock and
              and Related Stockholder Matters                                              16

     Item 6.  Management Discussion and Analysis of Financial
              Condition and Results of Operations                                          16

     Item 7.  Financial Statements                                                         17

     Item 8.  Changes In and Disagreements with Accountants
              on Accounting and Financial Disclosure                                       17

PART III

     Item 9.  Directors, Executive Officers, Promoters and Control Persons:
              Compliance With Section 16(a) of the Exchange Act                            17

     Item 10. Executive Compensation                                                       17

     Item 11. Security Ownership of Certain Beneficial Owners and Management               17

     Item 12. Certain Relationships and Related Party Transactions                         17

     Item 13. Controls and Procedures                                                      17

     Item 14. Exhibits and Reports on Form 8-K and Signatures                              18-21

              Certifications                                                               21-25
</TABLE>

                                       2

<PAGE>

         PART I

ITEM 1. DESCRIPTION OF BUSINESS

FORWARD-LOOKING STATEMENTS

         This document contains forward-looking statements (as defined in the
Private Securities Litigation Reform Act of 1995) about GLB Bancorp, Inc. "the
Corporation" and Great Lakes Bank, its subsidiary. Information incorporated in
this document by reference, future filings by the Corporation on Form 10-QSB and
Form 8-K, and future oral and written statements by the Corporation and its
management may also contain forward-looking statements. Forward-looking
statements include statements about anticipated operating and financial
performance, such as loan originations, operating efficiencies, loan sales,
charge-offs and loan loss provisions, growth opportunities, interest rates, and
deposit growth. Words such as "may," "could," "should," "would," "believe,"
"anticipate," "estimate," "expect," "intend," "project," "plan" and similar
expressions are intended to identify these forward-looking statements.

         Forward-looking statements are necessarily subject to many risks and
uncertainties. A number of things could cause actual results to differ
materially from those indicated by the forward-looking statements. These include
the factors we discuss immediately below, those addressed under the caption
"Management's Discussion and Analysis of Financial Condition and Results of
Operations," other factors discussed elsewhere in this document or identified in
our filings with the Securities and Exchange Commission, and those presented
elsewhere by our management from time to time. Many of the risks and
uncertainties are beyond our control. The following factors could cause our
operating and financial performance to differ materially from the plans,
objectives, assumptions, expectations, estimates, and intentions expressed in
forward-looking statements:

                  - the strength of the United States economy in general and the
                  strength of the local economies in which we conduct our
                  operations; general economic conditions, either nationally or
                  regionally, may be less favorable than we expect, resulting in
                  a deterioration in the credit quality of our loan assets,
                  among other things

                  - the effects of, and changes in, trade, monetary and fiscal
                  policies and laws, including interest-rate policies of the
                  Federal Reserve Board

                  - inflation, interest rate, market, and monetary fluctuations

                  - the development and acceptance of new products and services
                  of the Corporation and the perceived overall value of these
                  products and services by users, including the features,
                  pricing, and quality compared to competitors' products and
                  services

                  - the willingness of users to substitute our products and
                  services for those of competitors

                  - the impact of changes in financial services laws and
                  regulations (including laws concerning taxes, banking,
                  securities, and insurance)

                  - changes in consumer spending and saving habits

         Forward-looking statements are based on our beliefs, plans, objectives,
goals, assumptions, expectations, estimates, and intentions as of the date the
statements are made. Investors should exercise caution because the Corporation
cannot give any assurance that its beliefs, plans, objectives, goals,

                                       3

<PAGE>

assumptions, expectations, estimates and intentions will be realized. The
Corporation disclaims any obligation to update or revise any forward-looking
statements based on the occurrence of future events, the receipt of new
information, or otherwise."

GENERAL

         GLB Bancorp, Inc. (the Corporation) is a one-bank holding company that
owns all of the outstanding common stock of Great Lakes Bank (the Bank). The
Corporation was incorporated on March 5, 1997 for the purpose of becoming the
holding company for the Bank. The holding company reorganization of the Bank was
completed on September 12, 1997. With its main office located at 7001 Center
Street, Mentor, Ohio 44060, the Bank is the only commercial bank headquartered
in Lake County, Ohio. The Corporation provides a focused core of banking
services, primarily for individuals and small to medium-sized businesses.

         The Corporation's lending activities focus primarily on secured lending
for residential and commercial real estate. Most of the Corporation's loans are
secured by first mortgages or junior mortgages on various types of real estate,
including single-family residential, multi-family residential, mixed use,
commercial, developed and undeveloped real estate. The Corporation generally
does not offer commercial loans secured exclusively by accounts receivable and
inventory.

         The Corporation offers a broad array of deposit products, including
checking and savings accounts and certificates of deposit. Although the
Corporation attempts to be competitive with other financial institutions in its
market area, the Corporation generally sets its interest rates on deposits based
on those offered by the leading commercial banks in the area, rather than those
offered by the leading thrift institutions.

         The Corporation also maintains relationships with correspondent banks
and other independent financial banking institutions to provide other services
as requested by customers, including loan participations in circumstances in
which the requested loan amount exceeds the Corporation's legal lending limit.

CRITICAL ACCOUNTING POLICIES

         The Corporation maintains critical accounting policies for allowance
for loan losses, valuation and determination of any temporary impairment of
securities, valuation of mortgage servicing rights and a deferred tax asset
valuation allowance. Refer to notes 3, 2, 5 and 11 of Notes to Consolidated
Financial Statements for additional information incorporated by reference to the
Annual Report to Shareholders for the year ended December 31, 2002, included as
Exhibit 13.

COMPETITION

         There are many banks, savings banks, savings associations, and credit
union offices located within Great Lakes Bank's primary market area. The Bank
faces strong competition both in originating loans and in attracting deposits.
Some of the competitors offer products and services that are not offered by the
Bank. Some of the competitors are not subject to the same kind and amount of
regulatory restrictions and supervision to which Great Lakes Bank is subject.
Because Great Lakes Bank is a community bank that is considerably smaller than
other commercial lenders in the area, the Bank's legal

                                       4

<PAGE>

lending limit does not allow it to make commercial loans in amounts many
competitors can offer. Great Lakes Bank may from time to time accommodate loan
volumes in excess of its lending limit through the sale of participations in
loans to other banks.

         Being the only commercial bank headquartered in Lake County, Great
Lakes Bank seeks to take competitive advantage of its local orientation. It
competes for loans principally through responsiveness to customers and its
ability to communicate effectively with them and understand and address their
needs. Great Lakes Bank competes for deposits principally by offering customers
personal attention, a variety of banking services, attractive rates, and
strategically located banking facilities. Great Lakes Bank seeks to provide high
quality banking service to professionals and small and mid-sized businesses, as
well as individuals, emphasizing quick and flexible responses to customer
demands.

LENDING ACTIVITIES

         Great Lakes Bank is an active lender primarily in Lake County, although
lending to a lessor degree occurs in the surrounding counties. The Bank's
overall investment philosophy is to lend as much money as possible in the
community within appropriate capital and risk limits. The Bank offers customers
a variety of loans. While providing residential, commercial and consumer loans,
the Bank's emphasis is on real estate secured lending.

Loan Portfolio Composition. The following table sets forth the composition of
the loan portfolio in dollar amounts and in percentages at December 31, 2002,
2001 and 2000.

<TABLE>
<CAPTION>
                                                                           DECEMBER 31,
                                             -----------------------------------------------------------------------
                                                      2002                     2001                     2000
                                             ----------------------  -----------------------  ----------------------
                                                AMOUNT     PERCENT      AMOUNT      PERCENT      AMOUNT      PERCENT
                                             ----------------------  -----------------------  ----------------------
<S>                                          <C>           <C>       <C>            <C>       <C>            <C>
Type of Loan:
 Residential real estate...................  $ 46,726,813    34.1%   $ 41,843,093     37.7%   $ 44,954,193     42.4%
 Residential construction..................     6,106,131     4.5%      4,629,479      4.2%      4,342,188      4.1%
 Commercial real estate and other..........    68,246,222    49.9%     52,131,171     46.9%     43,136,917     40.7%
 Commercial construction1..................     3,791,501    10.1%     10,218,998      9.2%     11,267,258     10.6%
 Consumer..................................     9,958,132     7.3%      8,150,945      7.3%      7,104,179      6.7%
                                             --------------------    ---------------------    ---------------------

Total loans................................   144,828,799   105.9%    116,973,686    105.3%    110,804,735    104.5%

Less:
 Undisbursed loans in process..............    (6,234,934)   -4.6%     (4,432,050)    -4.0%     (3,846,120)    -3.6%
 Unamortized loan origination fees, net....      (258,490)   -0.2%       (194,524)    -0.2%       (110,975)    -0.1%
 Allowance for loan losses.................    (1,454,382)   -1.1%     (1,197,026)    -1.1%       (892,851)    -0.8%
                                             --------------------    ---------------------    ---------------------

Net loans..................................  $136,880,993   100.0%   $111,150,086    100.0%   $105,954,789    100.0%
                                             ====================    =====================    =====================
</TABLE>

         The following table presents maturity information for the loan
portfolio at December 31, 2002. The table does not include prepayments or
scheduled principal repayments. Adjustable-rate mortgage loans are shown as
maturing based on contractual maturities.

                                       5

<PAGE>

<TABLE>
<CAPTION>
                                                                        YEAR ENDED DECEMBER 31, 2002
                                              ---------------------------------------------------------------------------------
                                                                           COMMERCIAL
                                               RESIDENTIAL  RESIDENTIAL    REAL ESTATE   COMMERCIAL
                                               REAL ESTATE  CONSTRUCTION    AND OTHER   CONSTRUCTION   CONSUMER       TOTAL
                                              ---------------------------------------------------------------------------------
<S>                                           <C>           <C>           <C>           <C>           <C>          <C>
Amount Due:

Due in one year or less.....................  $         -   $     97,134  $  9,368,411  $  4,603,980  $   855,152  $ 14,924,677
Due after one year through five years.......       920,000             -    12,657,201     3,495,521      959,943    18,032,665
Due after five years........................    45,806,813     6,008,997    46,220,610     5,692,000    8,143,037   111,871,457
                                              ---------------------------------------------------------------------------------
   Total amount due.........................  $ 46,726,813  $  6,106,131  $ 68,246,222  $ 13,791,501  $ 9,958,132   144,828,799
                                              =================================================================================
Less:
   Undisbursed loans in process                                                                                      (6,234,934)
   Unamortized loan origination fees, net                                                                              (258,490)
   Allowance for loan losses                                                                                         (1,454,382)
                                                                                                                   ------------
Net loans...................................                                                                       $136,880,993
                                                                                                                   ============
</TABLE>

         The following table shows the dollar amount of all loans that have
predetermined interest rates and the dollar amount of all loans due after
December 31, 2002 based on floating or adjustable interest rates.

<TABLE>
<CAPTION>
                                                                   DECEMBER 31, 2002
                                                   ------------------------------------------------
                                                                      FLOATING OR
                                                   FIXED RATES      ADJUSTABLE RATES        TOTAL
                                                   ------------------------------------------------
<S>                                                <C>              <C>                <C>
Residential real estate.....................       $34,059,686        $12,667,127      $ 46,726,813
Residential construction....................         4,191,292          1,914,839         6,106,131
Commercial real estate and other............        11,690,976         56,555,246        68,246,222
Commercial construction.....................         6,485,640          7,305,861        13,791,501
Consumer....................................         2,284,488          7,673,644         9,958,132
                                                   ------------------------------------------------
Total.......................................       $58,712,082        $86,116,717      $144,828,799
                                                   ================================================
</TABLE>

         In order to control interest rate risk the Bank is an active seller in
the secondary mortgage market. Fixed rate mortgage loans are generally sold.
Total proceeds from the sale of mortgage loans during 2002 were $16,914,428.
Mortgage servicing is usually retained by the Bank to ensure better customer
service.

         As a community bank, Great Lakes Bank also makes "non conforming"
mortgage loans that cannot be sold in the secondary market because the loan
amount is too large or it doesn't qualify for other reasons such as property
type, credit history or documentation requirements. The Bank, utilizing prudent
underwriting criteria will generally make these loans on an adjustable rate
basis and keep them in the Bank's portfolio. By following this strategy, the
Bank is able to control interest rate risk while still providing customers with
mortgage money that may not be available elsewhere.

         Great Lakes Bank is also active in commercial lending. In Lake County,
the primary service area, there are numerous small and medium-sized business
establishments, including light industrial, manufacturing, retail and service
businesses. The Bank makes commercial loans to these enterprises for general
business purposes, most of which loans are secured by real estate. Commercial
loans generally bear somewhat more risk than single-family residential mortgage
loans. They tend to be higher yielding, tend to have shorter terms and generally
provide for interest-rate adjustments as prevailing rates change.

                                       6

<PAGE>

Originations of commercial real estate and construction lending were higher in
2002 than 2001 as the Bank continues to emphasize its commercial loan products.

         During 2002, originations of commercial loans totaled $37.5 million and
originations of mortgage loans totaled $36.7 million. Despite competitive
pressures being strong in the area of lending, we have been able to increase our
loan portfolio without lowering our underwriting standards.

         Construction lending continues to make up a significant portion of the
Bank's lending efforts. Great Lakes Bank offers a variety of construction loan
products including "construction/permanent" loans to homeowners, residential
construction loans to builders, and commercial construction loans to contractors
and business owners. The Bank's commitment to construction lending means
increased growth and vitality in the communities the Bank serves as well as
profitable, short-term loans that can be converted to mortgages for sale in the
secondary market or kept in the Bank's portfolio. Construction loans represent a
significant portion of the Bank's overall business.

         The following table displays construction loans by type.

<TABLE>
<CAPTION>
                                                              DECEMBER 31, 2002
                                                          --------------------------
                                                          TOTAL DOLLAR      PERCENT
TYPE OF CONSTRUCTION LOANS                                   AMOUNT         OF TOTAL
------------------------------------------------------------------------------------
<S>                                                       <C>               <C>
Residential Construction......................             $ 6,106,131        30.7%
Builder Loans.................................               5,733,060        28.8%
Commercial Construction.......................               7,156,754        36.0%
Acquisition and Development...................                 901,687         4.5%
                                                           -----------------------

   Total Construction Loans...................             $19,897,632       100.0%
                                                           =======================
</TABLE>

         Great Lakes Bank is also an active consumer lender offering a variety
of installment loan products including auto loans, boat financing, savings
secured loans, credit cards and second mortgages. In the area of consumer loans,
the Bank has been particularly successful with its "Great Line" product, a home
equity line of credit that gives the borrower flexibility and a lower interest
rate and provides the Bank with a secured loan that adjusts with market interest
rates. The Bank uses a "teaser rate" promotion for this product to try and
increase the use of the Great Line by customers, with a rate that adjusts to
prime after 6 months. This product continues to bring us new business increasing
by $2.9 million in 2002 from 2001. Great Lakes Bank believes that there are
significant market opportunities for increased lending within its market area.
The Bank will continue to emphasize personal service and flexibility in lending
while looking for high quality loans that are properly priced and secured.

         The following table provides the types of loans in the consumer loan
portfolio.

<TABLE>
<CAPTION>
                                                                   DECEMBER 31, 2002
                                                            -------------------------------
                                                            TOTAL DOLLAR           PERCENT
TYPE OF CONSUMER LOANS                                         AMOUNT              OF TOTAL
-------------------------------------------------------------------------------------------
<S>                                                         <C>                    <C>
Home Equity Loans..................................         $  588,866               5.9%
Home Equity Lines of Credit........................          7,673,644              77.1%
Automobile Loans...................................            601,734               6.0%
Boat Loans.........................................            181,421               1.8%
Passbook Loans.....................................            151,363               1.5%
Other Secured Consumer Loans.......................            262,743               2.7%
Credit Cards and Other Unsecured Consumer Loans....            498,361               5.0%
                                                            ----------------------------
    Total Consumer                                          $9,958,132             100.0%
                                                            ============================
</TABLE>

                                       7

<PAGE>

NONPERFORMING LOANS

         A loan is considered by Great Lakes Bank to be nonperforming when it is
90 days or more delinquent or, if sooner, when the Bank has determined that
repayment of the loan in full is unlikely. Most commercial loans are assessed
late charges ten days after their due dates, although a small amount have
fifteen day grace periods. Late charges on residential mortgages are assessed if
a payment is not received by the 15th day after the due date, and on installment
loans, late charges are assessed if a payment is not received by the 10th day
following the due date. Immediately thereafter, any borrower whose payment is
not received by the proper time is mailed a past due notice. The borrower will
be contacted by telephone if the delinquency continues to the 30th day. Credit
card statement processing is undertaken by a third party under contract with
Great Lakes Bank. Past due notices are generated automatically, depending on the
stage of delinquency of the card holder, with charge-offs occurring after 120
days.

         It is the Bank's policy to cease accruing interest on any loan where
the principal and/or interest remains unpaid for 90 days or more, unless the
loan is for a one-to-four family residential dwelling or is well collateralized.
Loans totaling $932,370 were on nonaccrual status at December 31, 2002 compared
to no loans on nonaccrual status at December 31, 2001.

         Impaired loans include all nonaccrual and restructured commercial real
estate and other commercial loans. Residential real estate and consumer loans
are excluded from the definition of an impaired loan. Loan impairment is
measured as the present value of expected future cash flows discounted at the
loan's effective interest rate, the fair value of the collateral of an impaired
collateral dependent loan or an observable market price. Interest income on
impaired loans is recognized on a cash-basis method. There were two impaired
loans totaling $524,828 at December 31, 2002 and no impaired loans at December
31, 2001. One impaired loan totaling $99,970 at December 31, 2002 had an
allowance specifically allocated of $75,000, while the other loan totaling
$424,858 had no allowance allocated.

         Not categorized as nonperforming loans are certain potential problem
loans that management believes are adequately secured and for which no material
loss is expected, but as to which certain circumstances could cause the
borrowers to be unable to comply with the existing loan repayment terms at some
future date. Problem loans are classified as "watch," "special mention,"
"substandard" and "doubtful." These potential problem loans, nearly all of which
were in the "watch" category, totaled approximately $6,484,857 at December 31,
2002 compared to $4,693,522 at December 31, 2001.

         Overall, nonperforming assets show an increase comparing December 31,
2002 to 2001. This increase is reflective of the stress on the current economy.
Although, the loan portfolio is well collateralized and losses should be
minimal, delinquencies and nonperforming assets have risen due to the strains on
the economy with increased layoffs and company closings in the workplaces of our
customers.

                                       8

<PAGE>

The following table summarizes nonperforming assets by category.

<TABLE>
<CAPTION>
                                                                                 YEAR ENDED DECEMBER 31,
                                                                 -----------------------------------------------------
                                                                       2002              2001               2000
                                                                 ----------------  -----------------  ----------------
<S>                                                              <C>               <C>                <C>
Residential family real estate:
  Nonaccrual.........................................            $    396,697        $          -      $          -
  Past due 90 days or more...........................                  67,129              49,291            93,714
Commercial real estate and other:
  Nonaccrual.........................................                 524,828                   -            66,427
  Past due 90 days or more...........................                 188,743              28,611           206,260
Consumer:
  Nonaccrual.........................................                  10,845                   -                 -
  Past due 90 days or more...........................                  19,543              19,712            12,765
                                                                 ------------        ------------      ------------
      Total nonperforming loans......................               1,207,785              97,614           379,166
Other Real Estate owned..............................                       0                   0                 0
                                                                 ------------        ------------      ------------
      Total nonperforming assets.....................            $  1,207,785        $     97,614      $    379,166
                                                                 ============        ============      ============

Loans outstanding, net...............................            $136,880,993        $111,150,086      $105,954,789
Allowance for loans losses...........................            $  1,454,382        $  1,197,026      $    892,851
Allowance for loan losses to net loans...............                    1.06%               1.08%             0.84%
Nonperforming loans to total loans...................                    0.88%               0.09%             0.36%
Nonperforming loans to total assets..................                    0.63%               0.06%             0.29%
Allowance for loan losses to nonperforming loans.....                   120.4%            1226.26%           235.48%
</TABLE>

ALLOWANCE FOR LOAN LOSSES

         The allowance for loan losses on December 31, 2002 was $1,454,382, or
1.06% of net loans, compared to $1,197,026, or 1.08% at December 31, 2001. The
provision for loan losses charged to operating expense was $275,000 and $320,000
in 2002 and 2001, respectively.

         The amount of the allowance for loan losses, a critical accounting
policy, is based on management's systematic detailed analysis of risks inherent
in the various segments of the loan portfolio, whereby the loan portfolio is
reviewed quarterly and delinquent loan accounts are analyzed individually, on a
monthly basis. Consideration is given to the types of loans in the portfolio and
the overall risk inherent in the portfolio, as well as, evaluation of individual
loans, account status, payment history, ability to repay and probability of
repayment. During the year ended December 31, 2002, management conducted reviews
of the established reserve percentages used in calculating the required
allowance for loan losses at the end of each quarter. These reviews were
conducted using the historical losses the Bank had experienced according to type
of loan along with the most currently available national and regional industry
data on charge-offs.

         Although management believes that it uses the best information
available to make such determinations and that the allowance for loan losses is
adequate at December 31, 2002, future adjustments to the allowance may be
necessary. Net earnings could be affected, if circumstances or economic
conditions differ substantially from the assumptions used in making the initial
determinations.

                                       9

<PAGE>

         The following is a summary of Great Lakes Bank's loan loss experience
and selected ratios for the periods presented.

<TABLE>
<CAPTION>
                                                                           YEAR ENDED DECEMBER 31,
                                                              ----------------------------------------------
                                                                  2002             2001             2000
                                                              ------------    -------------     ------------
<S>                                                           <C>             <C>               <C>
Allowance for loan losses (beginning of year)...........      $  1,197,026     $    892,851      $    625,371

Loans charged off:
    Residential real estate.............................                 0                0                 0
    Commercial real estate and other....................                 0            7,309            50,000
    Construction........................................                 0                0                 0
    Consumer............................................            28,059           16,315            54,712
                                                               -----------     ------------      ------------
    Total loans charged off.............................            28,059           23,624           104,712

Recoveries of loans previously charged off:
    Residential  real estate............................                 0                0                 0
    Commercial real estate and other....................                 0            3,376             2,906
    Construction........................................                 0                0                 0
    Consumer............................................            10,415            4,423             1,786
                                                               -----------     ------------      ------------
   Total recoveries.....................................            10,415            7,799             4,692
                                                               -----------     ------------      ------------
Net loans charged off...................................            17,644           15,825           100,020
                                                              ------------     ------------      ------------
Provision for loan losses...............................           275,000          320,000           367,500
                                                              ------------     ------------      ------------
Allowance for loan losses (end of year).................      $  1,454,382     $  1,197,026      $    892,851
                                                              ============     ============      ============

Average loans outstanding, net..........................      $123,745,674     $108,370,637      $ 96,859,625
Loans outstanding, net..................................      $136,880,993     $111,150,086      $105,954,789
Net charge-offs to average loans........................              0.01%            0.01%             0.10%
</TABLE>

         With Great Lakes Bank's emphasis on real estate secured lending,
delinquencies and charge-offs are below industry norms. The Bank had 0.01% of
net charge-offs to average loans at December 31, 2002 and 2001. The net
charge-offs in 2002 and 2001 were largely due to numerous credit card customer
charge-offs. The net charge-offs in 2000 were due to one commercial loan for
$50,000 and several loans to one consumer loan customer for $24,360 and numerous
credit card customer charge-offs. Great Lakes Bank is committed to a
conservative, secured approach to lending that we anticipate will result in
continued low charge off rates.

         The following table sets forth the allocation of Great Lakes Bank's
allowance for loan losses by category and the percent of loans in each category
to total loans at the dates indicated. The portion of the allowance for loan
losses allocated to each category does not represent the total available for
future losses that may occur within the loan category because the total loan
loss allowance is a valuation reserve applicable to the entire loan portfolio.
Great Lakes Bank has specific loan reserves with the remaining reserve allocated
based on loan types.

                                       10

<PAGE>

<TABLE>
<CAPTION>
                                                                 YEAR ENDED DECEMBER 31,
                                      -------------------------------------------------------------------------------
                                               2002                        2001                      2000
                                      --------------------------  ------------------------- -------------------------
                                                    PERCENT OF                 PERCENT OF                PERCENT OF
                                                     LOANS TO                   LOANS TO                  LOANS TO
                                         AMOUNT    TOTAL LOANS       AMOUNT      TOTAL         AMOUNT       TOTAL
                                      --------------------------  -------------------------  ------------------------
<S>                                   <C>          <C>            <C>          <C>           <C>         <C>
Type of loan
  Residential real estate...........  $  163,043      11.2%       $  102,944      8.6%        $124,300      13.9%
  Commercial real estate and other..   1,027,277      70.6%          809,190     67.6%         565,020      63.3%
  Construction......................     127,255       8.8%          146,037     12.2%          96,100      10.8%
  Consumer..........................     136,807       9.4%          138,855     11.6%         107,431      12.0%
                                      --------------------        -------------------         ------------------
      Total.........................  $1,454,382     100.0%       $1,197,026    100.0%        $892,851     100.0%
                                      ====================        ===================         ==================
</TABLE>

SECURITIES

         The Corporation classifies its securities as either held to maturity or
available for sale. Securities may be U. S. Government and agency obligations,
state and local government obligations and government-guaranteed,
mortgage-backed securities. Great Lakes Bank generally does not invest in
securities that are rated less than investment grade by a nationally recognized
statistical rating organization. A goal of the Corporation's investment policy
is to limit interest-rate risk. GLB Bancorp's operations independent of Great
Lakes Bank consist principally of investments in a small number of financial
institutions or financial institution holding companies. GLB Bancorp's
securities available for sale consists of three publicly traded community bank
stocks and two other bank stocks. Their fair values at December 31, 2002 were
$4,639,075 and $40,000, respectively.

         The following table sets forth the carrying value of the Corporation's
securities portfolio at the dates indicated.

<TABLE>
<CAPTION>
                                                          YEAR ENDED DECEMBER 31,
                                                --------------------------------------------
                                                    2002             2001            2000
                                                -----------      -----------     -----------
<S>                                             <C>              <C>             <C>
Securities Available for Sale:
    Equity                                      $ 4,679,075      $ 3,636,037     $ 3,790,897

Securities Held to Maturity:
    U.S. Treasury and other U.S.
    Government agency                           $ 2,521,063      $ 1,999,592     $ 1,988,971
</TABLE>

Held to maturity securities due in one year or less totaled $2,521,063 with a
weighted average yield of 2.51%.

SOURCES OF FUNDS
DEPOSITS

         Savings deposits are a major source of funds. Great Lakes Bank offers a
number of alternatives for depositors designed to attract both commercial and
regular consumer checking and savings customers, including regular and money
market savings accounts, NOW accounts, and a variety of fixed-maturity,
fixed-rate certificates with maturities ranging from seven days to 60 months.
The Bank also provides travelers' checks, official checks, money orders, ATM
services, and IRA accounts. Great Lakes Bank also offers a large-balance deposit
account product known as the "Golden Passbook Account" for a relatively low
minimum balance of $2,500.

         The Bank has also had great success in developing a commercial checking
account business.

                                       11

<PAGE>

Great Lakes Bank's commercial checking account offers a
simple, inexpensive flat rate service fee for most small businesses instead of
the complicated "per transaction" method used by many financial institutions.

         The Bank's most substantial deposits were investors Messrs. Jerome T.
and Richard M. Osborne, individually and with affiliated companies and immediate
family members. Their combined total deposits were approximately $6.6 million as
of December 31, 2002, $5.6 million as of December 31, 2001 and $7.4 million as
of December 31, 2000.

         The following table sets forth the amount of time deposits that are
$100,000 or more, including certificates of deposit, by time remaining until
maturity.

<TABLE>
<CAPTION>
                                                                DECEMBER 31, 2002
                                                                -----------------
<S>                                                             <C>
Three months or less..................................           $      1,404,334
Four months through six months........................                  2,875,001
Seven months through twelve months....................                  3,697,720
Over twelve months....................................                  2,236,077
                                                                 ----------------
    Total.............................................           $     10,213,132
                                                                 ================
</TABLE>

         The distribution of deposit accounts by type and rate is set forth in
the following tables as of the indicated dates.

<TABLE>
<CAPTION>
                                                                            DECEMBER 31,
                                    ----------------------------------------------------------------------------------------------
                                                2002                             2001                            2000
                                    ------------------------------  ------------------------------  ------------------------------
                                                  AVERAGE                        AVERAGE                          AVERAGE
                                       AMOUNT      YIELD   PERCENT    AMOUNT      YIELD    PERCENT      AMOUNT     YIELD   PERCENT
                                    ------------------------------  ------------------------------  ------------------------------
<S>                                 <C>           <C>      <C>      <C>          <C>       <C>      <C>           <C>      <C>
Noninterest bearing demand
Deposit ....................        $ 20,176,549   0.00%    13.0%   $ 18,990,170  0.00%     14.9%   $ 16,973,088    0.00%    18.8%
Interest bearing demand
Deposit ....................          12,584,295   0.93%     8.1%     10,494,030  1.23%      8.2%     10,879,750    1.46%    12.0%
Savings ....................          86,944,375   2.34%    56.2%     66,744,275  3.38%     52.5%     42,697,244    3.74%    47.3%
                                    ----------------------------    ----------------------------    -----------------------------

Total Transaction Accounts           119,705,219            77.3%     96,228,475            75.6%     70,550,082             78.1%

Certificates:

2.00% and less..............           3,310,813             2.1%        305,518             0.3%              -                -
2.01% - 3.00%...............          19,765,656            12.8%        761,314             0.6%              -                -
3.01% - 4.00%...............           6,773,247             4.4%      9,106,635             7.2%              -                -
4.01% - 5.00%...............           2,041,629             1.3%     10,699,846             8.4%      2,693,253              3.0%
5.01% - 6.00%...............           1,017,722             0.7%      3,719,161             2.9%      6,408,086              7.1%
6.01% - 7.00%...............           2,208,354             1.4%      6,399,702             5.0%     10,034,286             11.1%
7.01% - 8.00%...............                   -               -               -               -         618,143              0.7%
                                    ----------------------------    ----------------------------    -----------------------------

Total Certificate accounts..          35,117,421   3.67%    22.7%     30,992,176  5.60%     24.4%     19,753,768    5.63%    21.9%
                                    ----------------------------    ----------------------------    -----------------------------

Total Deposits..............        $154,822,640   2.56%   100.0%   $127,220,651  3.81%    100.0%   $ 90,303,850    3.85%   100.0%
                                    ============================    ============================    =============================
</TABLE>

                                       12

<PAGE>

BORROWINGS

         Deposits, repayment of loan principal and federal funds are the primary
source of funds for the Corporation's lending activities and other general
business purposes. However, during periods when the supply of lendable funds or
funds available for general business purposes cannot meet the demand for loans
or such general business purposes, the Bank may obtain funds through loans
(advances) from the Federal Home Loan Bank of Cincinnati (FHLB). The FHLB
generally limits advances to 25% of assets with a total borrowing limit of 40%
of assets from all borrowing sources. Advances are collateralized by any
combination of the following assets and collateralization rates: one- to
four-family first mortgage loans, not past due greater than 90 days, pledged on
a blanket basis at 135% of the advance amount, specifically identified mortgage
loans at 135% of the advance amount and various types of investment and
mortgage-backed securities at rates ranging from 101-110% of the advance amount.
FHLB stock owned by the Bank is pledged as additional collateral but is not
available as primary collateral.

         The following table sets forth certain information as to FHLB advances
and other borrowings at the dates indicated.

<TABLE>
<CAPTION>
                                                                             YEAR ENDED DECEMBER 31,
                                                           ---------------------------------------------------------
                                                                 2002                2001               2000
                                                           ------------------  -----------------  ------------------
<S>                                                        <C>                 <C>                <C>
Maximum amount outstanding at month-end
  during the year ..................................       $    10,643,900      $  18,643,900     $    12,543,900

Average amount outstanding during the year..........             9,248,067         14,567,831          10,631,258

Weighted average interest rate during the year......                  5.60%              6.03%               6.51%

Actual amount outstanding at year end...............             8,143,900         10,643,900          12,543,900

Weighted average interest rate at year end..........                  5.45%              5.75%               6.54%
</TABLE>

EMPLOYEES

         As of December 31, 2002, the Bank had 91 full-time and 24 part-time
employees. None of the Bank's employees are represented by any collective
bargaining group. Management considers its employee relations to be good. The
Holding Company currently has no paid employees.

REGULATION AND SUPERVISION

         The Corporation is a bank holding company within the meaning of the
Bank Holding Company ("BHC") Act. As such, the Corporation is subject to
regulation, supervision and examination by the Board of Governors of the Federal
Reserve Bank of Cleveland. The Corporation is required to file quarterly and
annual reports with the FRB and to provide the FRB such additional information
as the FRB may require. The Act requires the prior approval of the Federal
Reserve Board for a bank holding company to acquire or hold more than a 5%
voting interest in any bank and restricts interstate banking activities.

                                       13

<PAGE>

         The Bank is an Ohio-chartered commercial bank. The deposits of the Bank
are insured to a maximum of $100,000 per depositor through the Bank Insurance
Fund ("BIF") administered by the FDIC. As a state-chartered, non-member bank,
the Bank is primarily regulated by the FDIC and the Division of Financial
Institutions.

         The Corporation and the Bank are extensively regulated under federal
and state law. These federal and state laws are intended to protect depositors,
not shareholders. Federal and state laws applicable to bank holding companies
and banks regulate, among other things, the range of permissible business
activities, investments, reserves against deposits, capital levels, lending
activities and practices, the nature and amount of collateral for loans,
establishment of branches, mergers, dividends and a variety of other important
matters.

         The Federal Deposit Insurance Corporation Improvement Act of 1991
("FDICIA") expanded significantly the authority of federal agencies to regulate
the activities of federal and state banks and their holding companies. The FRB
and the FDIC have extensive authority to prevent and to remedy unsafe and
unsound practices and violations of applicable laws by depository institutions
and their holding companies. The agencies may assess civil money penalties,
issue cease-and-desist or removal orders, seek injunctions, and publicly
disclose such actions.

BANK HOLDING COMPANY REGULATION

         The BHC Act also prohibits a bank holding company, with certain
exceptions, from acquiring more than five percent of the voting shares of any
Corporation that is not a bank and from engaging in any business other than
banking or managing or controlling banks. Under the BHC Act, the Federal Reserve
is authorized to approve the ownership of shares by a bank holding company in
any Corporation, the activities of which the Federal Reserve has determined to
be so closely related to banking or to managing or controlling banks as to be a
proper incident thereto. The Federal Reserve has by regulation determined that
certain activities are closely related to banking within the meaning of the BHC
Act. These activities include: operating a savings association, mortgage
company, finance company, or credit card company; performing certain data
processing operations; providing investment and financial advice; and acting as
an insurance agent for certain types of credit-related insurance.

         It is the FRB's policy that bank holding companies serve as a source of
strength for their subsidiary banking institutions. The FRB considers the
adequacy of a bank holding company's capital on essentially the same
risk-adjusted basis as capital adequacy is determined by the FDIC at the bank
subsidiary level. In general, bank holding companies are required to maintain a
minimum ratio of total capital to risk-weighted assets of 8% and Tier 1 capital
(consisting principally of shareholders' equity) of at least 4%. Bank holding
companies are also subject to a leverage ratio requirement. The minimum required
leverage ratio for the highest rated companies is 3%. The minimum required
leverage ratio for all other bank holding companies is 4% or higher.

         As a bank holding company subject to regulation by the FRB, the
Corporation must comply with policy statements issued by the FRB. The FRB's
policy statement governing payment of cash dividends provides that a bank
holding company should not pay cash dividends on common stock unless (i) the
organization's net income for the past year is sufficient to fully fund the
dividends and (ii) the prospective rate of earnings retention appears consistent
with the organization's capital needs, asset quality and overall financial
condition.

                                       14

<PAGE>

         On July 30, 2002, the Sarbanes-Oxley Act of 2002 was signed into law by
the 107th Congress of the United States of America. It was enacted to protect
investors by improving the accuracy and reliability of corporate disclosures
made pursuant to the securities laws, to increase corporate responsibility and
to provide for enhanced penalties for accounting and auditing improprieties at
publicly traded companies. Under the corporate governance of this act, the
Corporation through its Audit Committee established a Code of Ethics for all
Board members and officers and a disclosure sub-committee to provide written
guidelines for the disclosure and review of financial reporting.

         The Gramm-Leach-Bliley Act (the "Act") was enacted into law on November
12, 1999. It repeals key provisions of the Glass Steagall Act to permit
commercial banks to affiliate with investment banks, substantially modifies the
Bank Holding Company Act of 1956 to permit companies that own commercial banks
to engage in any type of financial activity, and allows subsidiaries of banks to
engage in a broad range of financial acitivites that are not permitted by banks
themselves. The result is that banks of all sizes will be able to offer a wide
range of financial products and services without the prior restraints of
outdated laws. Also, banking companies and other financial service companies,
such as insurance and securities companies will be able to combine more readily.
Other important provisions include restrictions on the privacy of customer
information, increased access to the Federal Home Loan Bank System by community
banks, and changes to the requirements imposed by the Community Reinvestment
Act. Effective March 11, 2000, Financial Holding Companies could be established,
whereby banks, other depository institutions, insurance companies and securities
firms could enter into combinations that would permit a single financial service
organization to offer customers a more complete array of products and services.
At this time, GLB Bancorp has not elected this option.

ITEM 2.  DESCRIPTION OF PROPERTIES

         The Corporation conducts its business at its main office headquartered
in Mentor, Ohio, it has twelve branches located in Lake County and one branch in
Cuyahoga County (opened in April 2002). The Corporation owns four of its offices
and leases nine offices. The total net book value of the Corporation's premises
and equipment was $3,151,128 at December 31, 2002. See Note 4 of Notes to
Consolidated Financial Statements included under Item 6 of this document for
further information.

Listed below are the branches of the Bank and their locations:

<TABLE>
<CAPTION>
        BRANCH                                LOCATION                       OWNED/LEASED
---------------------------------------------------------------------------------------------
<S>                              <C>                                         <C>
Main Office                      7001 Center Street, Mentor                      Owned
Heisley                          9365 Mentor Avenue, Mentor                      Owned
Painesville Township             1522 Mentor Avenue, Mentor                      Leased
Wickliffe                        29933 Euclid Avenue, Wickliffe                  Leased
Willoughby                       38600 Lakeshore Boulevard, Willoughby           Owned
Willoughby Hills                 28500 Chardon Road, Willoughby Hills            Leased
Mentor Lakeshore                 7742 Lakeshore Boulevard, Mentor                Owned
Eastlake                         34580 Lakeshore Boulevard, Eastlake             Leased
Painesville                      58 South Park Place, Painesville                Leased
Downtown Willoughby              4012 Erie Street, Willoughby                    Leased
Madison                          6550 N. Ridge Road, Madison                     Leased
Concord                          7529 Crile Road, Concord                        Leased
Mayfield                         1220 SOM Center Road, Mayfield Hts.             Leased
</TABLE>

                                       15

<PAGE>

ITEM 3.  LEGAL PROCEEDINGS

         The nature of the Bank's business generates a certain amount of
litigation involving matters arising in the ordinary course of business.
However, in the opinion of management, any liabilities that may result would not
be expected to have a material adverse effect on the consolidated financial
statements of the Corporation. Current information is incorporated by reference
from the Corporation's Definitive proxy Statement to be filed with the
Securities and Exchange Commission in March 2003.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

         No matters were submitted to a vote of the security holders during the
fourth quarter of 2002.

                                     PART II

ITEM 5. MARKET FOR THE REGISTRANT'S COMMON STOCK AND RELATED STOCKHOLDER MATTERS

         The Corporation's common stock is currently traded on the Nasdaq Small
Cap Market under the symbol "GLBK." The approximate number of shareholders at
December 31, 2002 was 203 which does not include the number of persons whose
stock is held in nominee or "street name" accounts through brokers.

         The Board of Directors of GLB Bancorp, Inc. declared a ten percent
stock dividend payable on September 17, 2002 to shareholders of record on
September 3, 2002. This was the first dividend paid by the Corporation since
going public in 1998. The Corporation's philosophy to grow through branch
expansion and acquisitions has made a limited amount of capital available,
particularly with the guidelines established by federal bank regulatory
authorities requiring capital levels to be above certain levels and regulatory
guidelines which could limit the amounts subsidiaries can pay as dividends and
the amount of dividends which holding companies and their subsidiaries may pay.

         The following table shows the high and low sales prices of GLB common
stock for 2002 and 2001.

<TABLE>
<CAPTION>
                                                        GLB COMMON STOCK PRICE
                                                ----------------------------------------
                                                       HIGH                  LOW
                                                ------------------    ------------------
<S>                                             <C>                   <C>
2002:      First Quarter......................        $ 9.16                $ 8.41
           Second Quarter.....................        $10.17                $ 8.81
           Third Quarter......................        $11.00                $ 9.09
           Fourth Quarter.....................        $10.75                $ 9.40

2001:      First Quarter......................        $ 9.75                $ 7.50
           Second Quarter.....................        $10.00                $ 7.00
           Third Quarter......................        $10.75                $ 9.20
           Fourth Quarter.....................        $10.00                $ 9.15
</TABLE>

                                       16

<PAGE>

ITEM 6. MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS

         The Management's Discussion and Analysis is incorporated by reference
to the Annual Report to Shareholders for the year ended December 31, 2002,
included here with as Exhibit 13.

ITEM 7. FINANCIAL STATEMENTS

         The Financial Statements are incorporated by reference to the Annual
Report to Shareholders for the year ended December 31, 2002, included here with
as Exhibit 13.

ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURES

None

                                    PART III

ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS: COMPLIANCE
WITH SECTION 16 (a) OF THE EXCHANGE ACT

         The information concerning Directors and Executive officers of the
Registrant is incorporated herein by reference from the Corporation's Definitive
Proxy Statement to be filed with the Securities and Exchange Commission in March
2003.

ITEM 10. EXECUTIVE COMPENSATION

         The information concerning Executive Compensation of the Registrant is
incorporated herein by reference from the Corporation's Definitive Proxy
Statement to be filed with the Securities and Exchange Commission in March 2003.

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

         The information concerning Security Ownership of Certain Beneficial
Owners and Management of the Registrant is incorporated herein by reference from
the Corporation's Definitive Proxy Statement to be filed with the Securities and
Exchange Commission in March 2003.

ITEM 12. CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS

         The information concerning Certain Relationships and Related Party
Transactions of the Registrant is incorporated herein by reference from the
Corporation's Definitive Proxy Statement to be filed with the Securities and
Exchange Commission in March 2003 and Item 7 of this report.

                                       17

<PAGE>

ITEM 13. CONTROLS AND PROCEDURES

         Within the ninety days prior to the filing of this report, the
Corporation's management, under the supervision and with the participation of
the Corporation's Chief Executive Officer and Chief Financial Officer, evaluated
the effectiveness of the design and operation of the Corporation's disclosure
controls and procedures, as defined in Rule 13a-14 under the Securities Exchange
Act of 1934. Based on that evaluation, the Chief Executive Officer and Chief
Financial Officer concluded that as of that date the Corporation's disclosure
controls and procedures were adequate. There were no significant changes
(including corrective actions with regard to significant deficiencies or
material weaknesses) in the Corporation's internal controls or in other factors
subsequent to the date of the evaluation that could significantly affect those
controls.

ITEM 14. EXHIBITS AND REPORTS ON FORM 8-K

(a)       Exhibits

<TABLE>
<CAPTION>
EXHIBIT
NUMBER                                            DESCRIPTION
------            -------------------------------------------------------------------------------
<S>               <C>
*        3.a      Amended and Restated Articles of Incorporation of GLB Bancorp, Inc.
                  (incorporated by reference to Exhibit 3.a to the Registration Statement on Form
                  SB-2 filed by GLB Bancorp, Inc. on March 20, 1998, Commission File No.
                  333-48387)

*        3.b      Code of Regulations, as amended, of GLB Bancorp, Inc. (incorporated by reference
                  to Exhibit 3.b to the Registration Statement on Form SB-2 filed by GLB Bancorp,
                  Inc. on March 20, 1998, Commission File No. 333-48387)

**       4        Instruments defining the rights of holders

**       9        Voting trust agreement

*        10.a     1998 Stock Option and Incentive Plan of GLB Bancorp, Inc. (incorporated by
                  reference to Exhibit 10.a to the Registration Statement on Form SB-2 filed by
                  GLB Bancorp, Inc. on March 20, 1998, Commission File No. 333-48387)

*        10.b     Indenture of Lease dated March 1, 1998 between Richard M. Osborne, Trustee,
                  and Great Lakes Bank, for the 58 South Park Place branch (Painesville, Ohio)
                  (incorporated by reference to Exhibit 10.b to the Registration Statement on Form
                  SB-2 filed by GLB Bancorp, Inc. on March 20, 1998, Commission File No.
                  333-48387)

*        10.c     Indenture of Lease dated May 1, 1997 between Richard M. Osborne, Trustee,
                  and Great Lakes Bank, for the 29933 Euclid Avenue branch (Wickliffe, Ohio)
                  (incorporated by reference to Exhibit 10.c to the Registration Statement on Form
                  SB-2 filed by GLB Bancorp, Inc. on March 20, 1998, Commission File No.
                  333-48387)

*        10.d     Indenture of Lease dated October 30, 1999 between Shoreway Circle, Inc. and Great
                  Lakes
                  Bank for the 34580 Lakeshore Blvd branch (Mentor, Ohio) (incorporated by
                  reference to Exhibit 10.g to the 10KSB filed by GLB Bancorp, Inc. on March 29,
                  2000, Commission File No. 24255)

*        10.e     Federal Home Loan Bank of Cincinnati Blanket Agreement for Advances and
                  Security Agreement, dated July 22, 1996 (incorporated by reference to Exhibit
                  10.e to the Registration Statement on form SB-2 filed by GLB Bancorp, Inc. on
                  March 20, 1998,Commission File No. 333-48387)
</TABLE>

                                       18

<PAGE>

<TABLE>
<S>               <C>
*        10.f     Lease Agreement by and between Great Lakes Bank and Collinwood Properties
                  Co., LLC dated September 16, 1998, for the 28500 Chardon Road branch (Willoughby
                  Hills, Ohio) (incorporated by reference to Exhibit 10.f included in Part II of
                  GLB Bancorp, Inc.'s Form S-4 Registration Statement on February 4, 1999,
                  Commission File No. 333-71771)

*        10.g     Indenture of Lease dated December 15, 1998 between First Merit Bank and Great
                  Lakes Bank for the 4012 Erie Street branch (Willoughby, Ohio) (incorporated by
                  reference to the 10KSB filed by GLB Bancorp, Inc. on March 29, 2000, Commission
                  File No.24255)

*        10.h     Indenture of Lease dated May 1, 2000 between Wiles and Victor, Inc. and Great
                  Lakes Bank for the 6550 N. Ridge Rd. branch (Madison, Ohio)

*        10.i     Indenture of Lease dated January 3, 2001 between Madison/Route 20, LLC and Great
                  Lakes Bank for the 7529 Crile Rd, branch (Concord, Ohio)

*        10.j     Indenture of Lease dated May 24, 2001 between C.R. Green L.P. and Great Lakes Bank
                  for the 1220 SOM Center Rd,branch (Mayfield Heights, Ohio)

***      11       Statement re: computation of per share earnings

***      13       GLB Bancorp, Inc.'s Annual Report to Shareholders for the year ended December
                  31, 2002

**       16       Letter on change in certifying accountant

**       18       Letter on change in accounting principles

*        21       Subsidiaries of GLB Bancorp, Inc. (incorporated herein by reference to Exhibit
                  21 included in Part II of GLB Bancorp, Inc.'s Form S-4 Registration  Statement
                  (commission File No. 333-71771) filed on February 4, 1999)

**       22       Published report regarding matters submitted to vote

**       23       Consent of experts and counsel

**       24       Power of Attorney

***      25       Change of Control Agreement dated February 3, 2003 by and between GLB
                  Bancorp, Inc. and Richard T. Flenner, Jr.

***      99.1     Section 906 Certification of the Chief Executive Officer

***      99.2     Section 906 Certification of the Chief Financial Officer
</TABLE>

*        Incorporated by reference

**       Not applicable

***      Filed herewith

(b)      Reports on Form 8-K.

         January 27, 2003-GLB Bancorp, Inc. issued a news release announcing a
         cash dividend of $.05 per share payable February 24, 2003 to
         shareholders of record on February 10, 2003.

                                   SIGNATURES

Pursuant to the requirements of Sections 13 and 15 (d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
                                GLB BANCORP, INC.

By: /s/ Richard T. Flenner, Jr.                    Date: March 18, 2003
        -----------------------
        Richard T. Flenner, Jr., President, CEO

                                       19

<PAGE>

          (Duly Authorized Representative)

By: /s/   Cheryl J. Mihitsch                         Date: March 18, 2003
          ------------------
          Cheryl J. Mihitsch, Treasurer
          (Duly Authorized Representative)

         Pursuant to the requirements of the Securities Exchange Act of 1934,
this report has been signed below by the following persons on behalf of the
Registrant and in the capacities and on the dates indicated.

By: /s/   Jerome T. Osborne                          Date: March 18, 2003
          -----------------
           Jerome T. Osborne,
           Chairman of the Board

By: /s/   Richard M. Osborne                         Date: March 18, 2003
          ------------------
           Richard M. Osborne,
           Vice Chairman of the Board

By: /s/   Richard T. Flenner, Jr.                    Date: March 18, 2003
          -----------------------
           Richard T. Flenner, Jr., Director
           President,CEO

By: /s/   Gerorge X. Mechir                          Date: March 18, 2003
          -----------------
           George X. Mechir, Director

By: /s/   George C. Lott                             Date: March 18, 2003
          --------------
           George C. Lott, Director

By: /s/   Thomas J. Smith                            Date: March 18, 2003
          ---------------
           Thomas J. Smith, Director

By: /s/   Edward R. Pike                             Date: March 18, 2003
          --------------
           Edward R. Pike, Director

By: /s/   Joseph T. Svete                            Date: March 18, 2003
          ---------------
           Joseph T. Svete, Director

By: /s/   Thomas Wheeler                             Date: March 18, 2003
          --------------
           Thomas Wheeler, Director

By: /s/   James V. Fryan                             Date: March 18, 2003
          --------------
           James V. Fryan, Director

By: /s/   Umberto Fedeli                             Date: March 18, 2003
          --------------
           Umberto Fedeli, Director

                                       20
<PAGE>

SECTION 302 CERTIFICATIONS

I, Richard T. Flenner, Jr., certify that:

1. I have reviewed this annual report on Form 10-KSB of GLB Bancorp, Inc.;

2. Based on my knowledge, this annual report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this annual
report;

3. Based on my knowledge, the financial statements, and other financial
information included in this annual report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this annual report;

4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

         (a) designed such disclosure controls and procedures to ensure that
         material information relating to the registrant, including its
         consolidated subsidiaries, is made known to us by others within those
         entities, particularly during the period in which this annual report is
         being prepared;

         (b) evaluated the effectiveness of the registrant's disclosure controls
         and procedures as of a date within 90 days prior to the filing date of
         this annual report (the "Evaluation Date"); and

         (c) presented in this annual report our conclusions about the
         effectiveness of the disclosure controls and procedures based on our
         evaluation as of the Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation, to the registrant's auditors and the audit committee of
registrant's board of directors (or persons performing the equivalent
functions):

         (a) All significant deficiencies in the design or operation of internal
         controls which could adversely affect the registrant's ability to
         record, process, summarize and report financial data and have
         identified for the registrant's auditors any material weaknesses in
         internal controls; and

         (b) Any fraud, whether or not material, that involves management or
         other employees who have a significant role in the registrant's
         internal controls; and

6. The registrant's other certifying officers and I have indicated in this
annual report whether or not there were significant changes in internal controls
or in other factors that could significantly affect internal controls subsequent
to the date of our most recent evaluation, including any corrective actions with
regard to significant deficiencies and material weaknesses.

Date: March 18, 2003
                                     By: /s/ Richard T. Flenner, Jr.
                                         -------------------------------

                                              Richard T. Flenner, Jr.,
                                              President, Chief Executive Officer
                                              and Director

                                       22

<PAGE>

I, Cheryl J. Mihitsch, certify that:

1. I have reviewed this annual report on Form 10-KSB of GLB Bancorp, Inc.;

2. Based on my knowledge, this annual report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this annual
report;

3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this annual report;

4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

         (a) designed such disclosure controls and procedures to ensure that
         material information relating to the registrant, including its
         consolidated subsidiaries, is made known to us by others within those
         entities, particularly during the period in which this annual report is
         being prepared;

         (b) evaluated the effectiveness of the registrant's disclosure controls
         and procedures as of a date within 90 days prior to the filing date of
         this annual report (the "Evaluation Date"); and

         (c) presented in this annual report our conclusions about the
         effectiveness of the disclosure controls and procedures based on our
         evaluation as of the Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation, to the registrant's auditors and the audit committee of
registrant's board of directors (or persons performing the equivalent
functions):

         (a) all significant deficiencies in the design or operation of internal
         controls which could adversely affect the registrant's ability to
         record, process, summarize and report financial data and have
         identified for the registrant's auditors any material weaknesses in
         internal controls; and

         (b) any fraud, whether or not material, that involves management or
         other employees who have a significant role in the registrant's
         internal controls; and

6. The registrant's other certifying officers and I have indicated in this
annual report whether or not there were significant changes in internal controls
or in other factors that could significantly affect internal controls subsequent
to the date of our most recent evaluation, including any corrective actions with
regard to significant deficiencies and material weaknesses.

Date: March 18, 2003
                                     By: /s/ Cheryl J. Mihitsch
                                         ---------------------------------

                                             Cheryl J. Mihitsch
                                             Chief Financial Officer
                                             and Treasurer

                                       23