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.
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Bailout Bank Bio: Severn Bancorp Inc.
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Federal Equity Investment |
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Total Revenue |
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Net Income |
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Number of Employees |
118 |
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Corporate Headquarters |
Annapolis, Maryland |
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Business Sector |
Financial |
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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 |
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Corporate Website |
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Executive Compensation |
No records found at USAspending.gov (last accessed 12/09/2008)
No federal contributions found
November 28, 2008 Local banks report steep earnings drop Maryland Gazette
November 26, 2008 List Of Cos Planning To Participate In US Govt's TARP CNNMoney
November 18, 2008 Severn Bancorp expecting $23.5M from US Bizjournals.com
Last Updated December 9, 2008
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