Bailout Bank Bio: Severn Bancorp Inc.

Dec 9, 2008 | 1 min read | Print Article

Severn Bancorp is a savings and loan holding company. Its principal subsidiary is Severn Savings Bank. Severn operates in Maryland, Virginia, and Delaware, and is headquartered in Annapolis, Maryland. Severn Bancorp will receive $23.4 million through the Treasury Department’s Capital Purchase Program.

Resources

Bank Bio Chart | Financial Documents | Federal contracts
Lobbying reports | Political Contributions | Related Articles

Bailout Bank Bio: Severn Bancorp Inc.


Federal Equity Investment	$23.4 million
Total Revenue	$769.15 million (2007)
Net Income	$11.11 million (2007)
Number of Employees	118
Corporate Headquarters	Annapolis, Maryland
Business Sector	Financial
Officers and Directors	Alan J. Hyatt, Chairman of the Board, President, Chief Executive Officer Melvin E. Meekins Jr., Vice Chairman of the Board Thomas G. Bevivino, Chief Financial Officer
Corporate Website	http://www.severnbank.com
Executive Compensation	Severn Bancorp Inc.