Severn Bancorp Inc

In 1980 Severn relocated its headquarters to Annapolis, MD and began a fulltime operation, though total assets under management 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 Bank to a Federal Stock Savings Bank.

Bank Name Severn Bancorp Inc
Stock Exchange NASDAQ
Symbol SVBI
Sector Financial Services
Industry Major Banks
Country United States
World Region America
Chairman Mr. Alan J. Hyatt
CEO Mr. Alan J. Hyatt
Employees 141
Registered Year 1946