Severn Bancorp, Inc. (NASDAQ:SVBI) Files An 8-K Regulation FD Disclosure

Severn Bancorp, Inc. (NASDAQ:SVBI) Files An 8-K Regulation FD Disclosure
ITEM 7.01

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REGULATION FD DISCLOSURE.

On August 28, 2018 Severn Bancorp, Inc. issued a press release announcing that the Board of Directors declared a cash dividend of three cents ($0.03) per share of common stock. The dividend is payable on September 18, 2018 to shareholders of record at the close of business on September 7, 2018. A copy of our press release is attached hereto as Exhibit 99.1 and hereby incorporated by reference.

ITEM 9.01.

FINANCIAL STATEMENTS AND EXHIBITS.


SEVERN BANCORP INC Exhibit
EX-99.1 2 ex99_1.htm EXHIBIT 99.1 Exhibit 99.1   FOR IMMEDIATE RELEASE Contact:   Paul B. Susie   Chief Financial Officer &   Executive Vice President   Email: [email protected]   Phone: 410.260.2000 Severn Bancorp,…
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About Severn Bancorp, Inc. (NASDAQ:SVBI)

Severn Bancorp, Inc. is a savings and loan holding company. The Company conducts business through its subsidiaries, Severn Savings Bank, FSB (the Bank) and SBI Mortgage Company (SBI). The Bank offers a range of deposit products and originates mortgages in its market of Anne Arundel County, Maryland and in other parts of Maryland, Delaware and Virginia. SBI is engaged in the origination of mortgages not suitable for the Bank. SBI owns subsidiary companies that purchase real estate for investment purposes. The Bank provides a range of personal and commercial banking services. Personal services include mortgage lending and various other lending services, as well as checking, savings, money market, time deposit and individual retirement accounts. Commercial services include commercial secured and unsecured lending services, as well as business Internet banking, corporate cash management services and deposit services.

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