Severn Bank can trace its lineage back to 1946 and a venerable old Baltimore City neighborhood called Highlandtown. That's where the bank started as the "Pompeii Permanent Building Association." Back then, its headquarters was a row house with very limited hours. Pompeii was only open for business two hours per week, between 7-9, Tuesday nights.
In 1980 Severn relocated its headquarters to Annapolis, MD and began a fulltime operation, though total assets were still less than half-a-million dollars.
Starting in 1984 changes in legal designations began. Severn evolved from a building and loan to a chartered stock savings and loan, with deposits insured by the Maryland Savings Share Insurance Corporation. Eventually Severn would make the move from a Federal Home Loan chartered bank to a Federal Stock Savings Bank.
In 1990, Severn’s board and stockholders approved a reorganization into a holding company with ownership of Severn Bancorp, Inc.
Today’s Severn Bank is a retail institution with products and services created and marketed specifically for the people of the Chesapeake Bay region.
Severn Bank wants to help educate you
View our Personal Banking Tutorials to get helpful assistance with many of the features offered at Severn Bank.
Watch our Business Banking Video Tutorials to learn more about the Business Banking offerings at Severn Bank.