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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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October 28, 2016
October 28, 2016Severn Bancorp Announces Third Quarter Earnings
Annapolis, MD (October 27, 2016) – Severn Bancorp, Inc., (“the Company”),(Nasdaq: SVBI) parent company of Severn Bank (“Severn”), today announced net income of $1,055,000 or $.04 per diluted share for the third quarter of 2016 down just slightly compared to net income of $1,227,000 or $.06 per diluted share for the third quarter of 2015. …
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October 28, 2016
October 28, 2016Severn Bancorp, Inc. Announces Full Redemption of all TARP Preferred Stock
Annapolis, MD (September 8, 2016) – Severn Bancorp, Inc., (Nasdaq: SVBI) (the “Company”) parent company of Severn Savings Bank, FSB (“Severn”), announced the redemption of the remaining portion of the 23,393 original shares of preferred stock sold in 2008 to the U.S. Department of the Treasury (the “TARP Shares”), now owned by third parties. The …
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July 29, 2016
July 29, 2016Severn Bancorp, Inc. Announces Second Quarter Net Income and Reversal of Net Deferred Tax Asset Valuation Allowance
Annapolis, MD (July 27, 2016) – Severn Bancorp, Inc., (“the Company”),(Nasdaq: SVBI) parent company of Severn Bank (“Severn”), today announced net income of $12,475,000 or $1.02 per diluted share for the second quarter of 2016 compared to a net income of $1,365,000 or $.08 per diluted share for the second quarter of 2015. Earnings for …