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Severn Bancorp Inc, also called Severn Savings Bank, is a savings and loan holding company, which engages in the provision of financial services through its subsidiaries, Severn Savings Bank, FSB, Mid-Maryland Title Company, Inc., SBI Mortgage Company, and Louis Hyatt, Inc. Its subsidiaries offer personal banking, commercial banking, mortgage lending, and commercial real estate. Read More The company was founded in 1946 and is headquartered in Annapolis, MD.
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Yahoo FinanceMay 13
Severn Bancorp, Inc. Announces a 38% Increase in First Quarter Earnings
ANNAPOLIS, Md., May 13, 2019 /PRNewswire/ -- Severn Bancorp, Inc., (SVBI) parent company of Severn Bank, today announced net income of $2.6 million for the three months ending March 31, 2019 versus $1.9 million for the same quarter in 2018, which is a 38% increase in earnings. On a diluted per share basis, earnings were $0.20 versus $0.15 for the quarters ended March 31, 2019 and 2018, respectively. "Earnings look great for this quarter again," stated Alan J. Hyatt, President and Chief Executive Officer. M...
$0.20 per share