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July 24, 2020
August 13, 2020Severn Bancorp, Inc. Announces Second Quarter Earnings
evern Bancorp, Inc. (the Company) (NASDAQ: SVBI), the parent company of Severn Bank (the Bank), reported net income of $1.7 million for the second quarter ended June 30, 2020 and $2.3 million for the six months ended June 30, 2020 compared to $2.2 million and $4.8 million for the same periods in 2019. Earnings per share on a fully diluted basis were $0.14 for the second quarter and $0.18 per share for the first six months of 2020, down from $0.17 and $0.37 per share, respectively, from the second quarter and first six months of 2019.
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May 27, 2020
August 13, 2020Severn Bancorp, Inc. Announces Dividend
ANNAPOLIS, Md., May 27, 2020 /PRNewswire/ — Severn Bancorp, Inc. (the Company) (NASDAQ: SVBI), the parent company of Severn Bank (the Bank) today announced that the Board of Directors approved a cash dividend to its shareholders. The cash dividend of four cents ($0.04) per share of common stock, will be payable on June 19, 2020 …
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April 27, 2020
August 13, 2020Severn Bancorp, Inc. Announces First Quarter Earnings – Strong Noninterest Income Growth
Severn Bancorp, Inc. (the Company) (NASDAQ: SVBI), the parent company of Severn Bank (the Bank), reported net income available to common shareholders for the first quarter ended March 31, 2020 of $565 thousand versus $2.6 million for the first quarter of 2019. Earnings per share on a fully diluted basis were $0.04 versus $0.20 for the quarters ended March 31, 2020 and 2019, respectively.
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February 26, 2020
August 13, 2020Severn Bancorp, Inc. Announces Dividend
Severn Bancorp, Inc., (NASDAQ: SVBI) (the “Company”), parent company of Severn Bank today announced that the Board of Directors approved a cash dividend to its shareholders. The cash dividend of four cents ($0.04) per share of common stock, will be payable on March 17, 2020 to shareholders of record at the close of business on March 6, 2020.
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January 28, 2020
July 24, 2020Severn Bancorp, Inc. Announces Annual Earnings – Strong Noninterest Income Growth
Severn Bancorp, Inc., (NASDAQ: SVBI), the parent company of Severn Bank, reported net income available to common shareholders for the 2019 year of $8.4 million vs. $8.5 million for the 2018 year. Net Income available to common shareholders for fourth quarter was $1.2 million vs. $2.6 million for the fourth quarter of 2018.
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October 31, 2019
October 31, 2019Severn Bank Opens New Full-Service Branch in Crofton
Annapolis, MD (October 31, 2019) – Severn Bank (“Severn”) has announced the opening of a new branch at 2151 Defense Highway in the Priest Bridge Shopping Center in Crofton, Maryland. This is the seventh branch in Anne Arundel County for the bank. The 1,263 square foot branch includes tellers and drive-through teller windows, an ATM, …
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October 31, 2019
October 31, 2019Severn Bancorp, Inc. Reports Strong Third Quarter and Year-To-Date Earnings
Annapolis, MD, October 28, 2019 (PRNewswire) – Severn Bancorp, Inc., (NASDAQ: SVBI), the parent company of Severn Bank, reported net income available to common shareholders of $2.4 million for the third quarter ended September 30, 2019 and $7.2 million for the nine months ended September 30, 2019 versus $2.2 million and $5.9 million for the …
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August 30, 2019
August 30, 2019Severn Bank Appoints Vance W. Adkins Chief Financial Officer
ANNAPOLIS, MD (August 29, 2019) — The Board of Directors of Severn Bancorp, Inc. (the “Company”), and its subsidiary, Severn Bank (the “Bank”) appointed Vance W. Adkins, Executive Vice President and Chief Financial Officer of the Company and the Bank effective September 16, 2019. Mr. Adkins brings years of experience in financial management, and in …
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August 29, 2019
August 29, 2019Severn Bancorp, Inc. Announces Increased Dividend for Second Quarter
Annapolis, MD (August 28, 2019) – Severn Bancorp, Inc., (NASDAQ: SVBI) (the “Company”), parent company of Severn Bank today announced that the Board of Directors approved a cash dividend to its shareholders. The cash dividend of four cents ($0.04) per share of common stock, a 33% increase from the previous quarter payment of three cents …
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July 29, 2019
July 30, 2019Severn Bancorp, Inc. Announces Second Quarter Earnings
Annapolis, MD (July 26, 2019) – Severn Bancorp, Inc., (Nasdaq: SVBI) parent company of Severn Bank, today announced net income of $2.2 million for the three months ending June 30, 2019 versus $1.9 million for the same quarter in 2018. On a diluted per share basis, earnings were $0.17 versus $0.15 for the quarters ending …
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