• Severn Bancorp, Inc. Announces Dividend

    Severn Bancorp, Inc. (the Company), the parent company of Severn Bank (the Bank) 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 December 15, 2020 to shareholders of record at the close of business on December 8, 2020.

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  • Severn Bancorp, Inc. Announces Third Quarter Earnings

    Severn Bancorp, Inc. (the Company), the parent company of Severn Bank (the Bank), reported net income of $1.9 million for the third quarter ended September 30, 2020 and $4.2 million for the nine months ended September 30, 2020 compared to $2.4 million and $7.2 million for the same periods in 2019. Earnings per share on a fully diluted basis were $0.15 for the third quarter and $0.33 per share for the first nine months of 2020, down from $0.19 and $0.56 per share, respectively, from the third quarter and first nine months of 2019.

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  • Severn Bancorp, Inc. Announces Dividend

    Severn Bancorp, Inc. (the Company), the parent company of Severn Bank (the Bank) 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 September 15, 2020 to shareholders of record at the close of business on September 8, 2020.

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  • Severn Bancorp, Inc. Announces Second Quarter Earnings

    Severn Bancorp, Inc., 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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  • Severn Bancorp, Inc. Announces Dividend

    Severn Bancorp, Inc. (the Company), 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 to shareholders of record at the close of business on June 8, 2020.

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  • Severn Bancorp, Inc. Announces First Quarter Earnings – Strong Noninterest Income Growth

    Severn Bancorp, Inc. (the Company), 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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  • Severn Bancorp, Inc. Announces Dividend

    Severn Bancorp, Inc., (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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  • Severn Bancorp, Inc. Announces Annual Earnings – Strong Noninterest Income Growth

    Severn Bancorp, Inc., 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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  • Severn Bank Opens New Full-Service Branch in Crofton

    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.

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  • Severn Bancorp, Inc. Reports Strong Third Quarter and Year-To-Date Earnings

    Severn Bancorp, Inc., 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 same periods in 2018. Total assets were down slightly in the third quarter 2019 from the prior quarter to $826 million and also down $148 million from the prior year-end of $974 million at December 31, 2018. Earnings per share on a fully diluted basis were $0.19 for the third quarter and $0.56 per share for the first nine months of 2019, up nicely from $0.17 and $0.46 per share, respectively, from the third quarter and first nine months of 2018.

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