Severn Savings Bank to Provide Homes to 70 Families in the Annapolis Community

Annapolis, MD – The key to success as a community bank often lies within commitment to that community – It is because of this that Severn Savings Bank continues to work with a variety of charitable organizations to give back to the neighbors who make up this county that so many call home.

In April, as part of their strong commitment to the community, Severn Savings Bank announced a partnership with Habitat for Humanity of the Chesapeake that financed 5 homes on Clay Street in Annapolis. Since then, Severn has agreed to finance two more homes on Clay Street.

In addition to their partnership with Habitat, Severn has also made a long term commitment to provide the permanent financing for an additional 63 homes in the Obery Court — College Creek Terrace project. The revitalization of Obery Court – College Creek Terrace is being spearheaded by Pennrose Properties LLC and Severn has pledged a long-term commitment that will span 15 years.

“Our commitment to the area in which we live and work is a major part of who we are as an organization,” Alan J. Hyatt, Severn President and Chief Executive Officer, said. “We are proud of the opportunity to continue to be a part of the revitalization of our neighborhoods through both monetary contribution and volunteer service.”

To date, Severn’s commitment to the Habitat homes on Clay Street and the Obery Court – College Creek Terrace project includes a financial contribution totaling more than $2 million that will give 70 families a place to call home. Severn employees have also volunteered their time to participate in the construction of several of the homes on Clay Street.

Download Official Press Release Here.