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|
|Chairman||Mr. Alan J. Hyatt|
|CEO||Mr. Alan J. Hyatt|