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November 5, 2018
November 5, 2018Severn Bancorp, Inc. Announces Third Quarter Earnings
Annapolis, MD (October 29, 2018) – Severn Bancorp, Inc., (Nasdaq: SVBI) parent company of Severn Bank, today announced net income of $2.2 million for the three months ending September 30, 2018 versus $1.3 million for the same quarter in 2017. This is an increase of 72% year over year for the period. On a diluted …
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September 5, 2018
October 3, 2018Severn Bancorp, Inc. Announces Dividend
Severn Bancorp, Inc., (Nasdaq: SVBI) (the “Company”), parent company of Severn Savings Bank, FSB, today announced that the Board of Directors approved a cash dividend to its shareholders. The cash dividend of three cents ($0.03) per share of common stock will be payable on September 18, 2018 to shareholders of record at the close of business on September 7, 2018.
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July 27, 2018
July 27, 2018Severn Bancorp, Inc. Announces Substantial Increase in Second Quarter Earnings
Annapolis, MD (July 27, 2018) – Severn Bancorp, Inc., (Nasdaq: SVBI) parent company of Severn Bank, today announced net income of $1.9 million for the three months ending June 30, 2018 versus $982 thousand for the same quarter in 2017. This is an increase of 95% year over year for the period. On a diluted …
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February 26, 2018
May 16, 2018Severn Bancorp, Inc. Announces Dividend
Annapolis, MD (February 26, 2018) – Severn Bancorp, Inc., (Nasdaq: SVBI) (the “Company”), parent company of Severn Savings Bank, FSB, today announced that the Board of Directors approved a cash dividend to shareholders. The cash dividend of three cents ($0.03) per share of common stock will be payable on March 19, 2018 to shareholders of record at the close of business on March 8, 2018.
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February 1, 2018
February 1, 2018Severn Bancorp Announces Fourth Quarter and Year End Earnings
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October 27, 2017
October 27, 2017Severn Bancorp, Inc. Announces Double Digit Percentage Increase in Earnings
Annapolis, MD (October 27, 2017) – Severn Bancorp, Inc., (Nasdaq: SVBI) parent company of Severn Savings Bank, FSB, today announced net income of $1.26 million, or $0.09 per diluted share for the third quarter of 2017. This is an increase of 19% over the third quarter of 2016 results of $1.06 million, or $0.04 per …
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August 8, 2017
August 8, 2017Severn Bancorp, Inc. Announces Second Quarter Earnings
Annapolis, MD (July 28, 2017) – Severn Bancorp, Inc., (Nasdaq: SVBI) parent company of Severn Savings Bank, FSB, today announced net income of $982 thousand or $0.07 per share for the second quarter of 2017. In comparison, the net income for the second quarter of 2016 was $12.5 million. However, in 2016 there was a …
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July 11, 2017
July 11, 2017Severn Bancorp, Inc. Announces Purchase of Title Company
Annapolis, MD (July 10, 2017) – Severn Bancorp, Inc., (Nasdaq: SVBI) (the “Company”) parent company of Severn Savings Bank, FSB (“Severn”), announced that it has entered into a definitive agreement to purchase Mid Maryland Title Company, a real estate settlement company that handles commercial and residential real estate settlements in Maryland. The purchase is subject …
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April 28, 2017
April 28, 2017Severn Bancorp, Inc. Announces First Quarter Earnings
Annapolis, MD (April 26, 2017) – Severn Bancorp, Inc., (Nasdaq: SVBI) parent company of Severn Savings Bank, FSB (“Severn”), today announced net income of $925 thousand or $0.06 per share for the first quarter of 2017, a 2.0% increase from net income of $907 thousand or $0.03 per share for the first quarter of 2016. …
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January 27, 2017
January 31, 2017Severn Bancorp, Inc. Announces Fourth Quarter Earnings and Year End Results
FOR IMMEDIATE RELEASE Annapolis, MD (January 26, 2017) – Severn Bancorp, Inc., (“the Company”),(Nasdaq: SVBI) parent company of Severn Bank (“Severn”), today announced net income of $1,103,000 or $.08 per diluted share for the fourth quarter of 2016, a slight increase compared to net income of $1,078,000 or $.05 per diluted share for the fourth …
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