Privacy Policy

Why?Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.
What?The types of personal information we collect and share depend on the product or service you have with us. This information can include:
- Social Security number and Income
- Account balances and Payment history
- Credit history and Credit scores
When you are no longer a customer, we continue to share your information as described in this notice.
How?All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons Severn Savings Bank, FSB chooses to share; and whether you can limit this sharing.
Reasons we can share your personal informationDoes Severn Savings Bank, FSB share?Can you limit this sharing?
For our everyday business purposes –
such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus
For our marketing purposes –
to offer our products and services to you
For joint marketing with other financial companiesNoWe don’t share
For our affiliates’ everyday business purposes – information about your transactions and experiencesYesNo
For our affiliates’ everyday business purposes – information about your creditworthinessNoWe don’t share
For our affiliates to market to youNoWe don’t share
For nonaffiliates to market to youNoWe don’t share
Questions?Call toll-free 800-752-5854
Who we are
Who is providing this notice?Severn Savings Bank, FSB
What we do
How does Severn Savings Bank, FSB protect my personal information?To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.

These security standards and procedures are routinely tested to verify the integrity of our systems.
How does Severn Savings Bank, FSB collect my personal information?We collect your personal information, for example, when you:

- Open an account or deposit money;
- Pay your bills or apply for a loan;
- Make a wire transfer

We also collect your personal information from others, such as credit bureaus, affiliates or other companies.
Why can’t I limit all sharing?Federal law gives you the right to limit only
- Sharing for affiliates’ everyday business purposes – information about your creditworthiness
- Affiliates from using your information to market to you
- Sharing for nonaffiliates to market to you

State laws and individual companies may give you additional rights to limit sharing.
AffiliatesCompanies related by common ownership or control. They can be financial and nonfinancial companies.

- Our affiliates include financial companies such as Severn Financial Services Corporation; nonfinancial companies, such as Louis Hyatt, Inc. (trading as Hyatt Commercial), Mid-Maryland Title Company, Inc. and Hyatt and Weber P.A.
NonaffiliatesCompanies not related by common ownership or control. They can be financial and nonfinancial companies.

- Severn Savings Bank, FSB does not share with nonaffiliates so they can market to you
Joint MarketingA formal agreement between nonaffiliated financial companies that together market financial products or services to you.

- Severn Savings Bank, FSB doesn’t jointly market.
Posted on