Severn Bancorp, Inc. (NASDAQ:SVBI) Files An 8-K Regulation FD DisclosureITEM 7.01
REGULATION FD DISCLOSURE.
Severn Bancorp, Inc. (NASDAQ:SVBI) Files An 8-K Regulation FD Disclosure
On November 27, 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 December 19, 2018 to shareholders of record at the close of business on December 7, 2018. A copy of our press release is attached hereto as Exhibit 99.1 and hereby incorporated by reference.
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ITEM 9.01. |
FINANCIAL STATEMENTS AND EXHIBITS. |
(d) Exhibits:
99.1 Press Release of Severn Bancorp, Inc., dated November 27, 2018 announcing a cash dividend.
SEVERN BANCORP INC ExhibitEX-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,…To view the full exhibit click here
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.
