Severn Savings Bank Named Corporate Philanthropist of the Year

Severn Savings Bank is pleased to announce they have been named Corporate Philanthropist of the Year by the Community Foundation of Anne Arundel County. The award is presented to a corporation that demonstrates exceptional generosity, donates time, talent, and financial resources, and plays a key role in providing services to the Anne Arundel County community. Severn is being recognized for its charitable donations, employee volunteer efforts, and philanthropic leadership.

Severn Savings Bank and its leadership have always made it a priority to give back to the community they serve.  Severn donates more than $150,000 a year to local non-profits, and its employees contributed over 2,000 volunteer hours last year. The organization was recently named by the Baltimore Business Journal to its list of 25 Most Generous Corporations in the Baltimore Area and its list of 25 Largest Corporate Philanthropists in the Baltimore Area. Severn Savings Bank supports numerous organizations in the region including: Wellness House, Anne Arundel County Community Action Agency, Anne Arundel Community College Foundation, Boys & Girls Club of Annapolis, Chesapeake Bay Foundation, Habitat for Humanity of the Chesapeake, the Light House, Hospice of the Chesapeake, Maryland Hall for the Creative Arts, the YWCA of Annapolis & Anne Arundel County among many others. Severn employees also participate on the boards and committees of many area nonprofits.

“Severn Savings Bank was an obvious choice for the YWCA as they share our commitment to helping our neighbors in Anne Arundel County,” said Molly Knipe, Executive Director of the YWCA of Annapolis & Anne Arundel County, one of the organizations that nominated Severn.  Knipe added, “Severn’s engagement with the community extends far beyond their financial support to almost 50 local nonprofits and into the company’s culture by way of volunteerism and in-kind support. We, along with many other nonprofit organizations, have made great strides in our mission related work based on the support of Severn Savings Bank.”  Severn was also nominated for this award by Dr. Jane Snider of the Summit School who noted the efforts of the company, “Severn Savings Bank has made its mark as a leader by its giving, participation on Boards of nonprofits, and the time its leadership takes to support the mission of nonprofits.  They have developed a personal relationship with each nonprofit rather than “sending a check”. This single institution is helping hundreds and hundreds of lives each year.”

“We are proud and humbled to receive this honor,” said Alan J. Hyatt president and chief executive officer of Severn. “It is nice to be recognized for doing what you believe is the right thing to do.  It is confirmation that our mission of reinvesting in the climate, culture, commerce, and people of the Chesapeake region is a well-founded one.  While it is distressing to see such a great need in our community, it is satisfying to make a difference.  We would like to thank the Community Foundation for the award.”  Bess Langbein, Executive Director of the Community Foundation commented on the award, “The Community Foundation is extremely pleased to recognize Severn Savings Bank as the 2012 Corporate Philanthropist of the Year.  Severn Savings Bank has demonstrated exceptional community leadership through its philanthropy and volunteerism.  Severn Savings is an excellent community partner for many local nonprofits and I want to personally thank their Chairman and President Alan Hyatt and all of the employees of Severn Savings Bank for their commitment to our local community.”