Severn Bancorp, Inc. (NASDAQ:SVBI) Files An 8-K Results of Operations and Financial ConditionITEM 2.02
RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
Severn Bancorp, Inc. (NASDAQ:SVBI) Files An 8-K Results of Operations and Financial ConditionITEM 2.02
RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On October 27, 2017 Severn Bancorp, Inc. issued a press release announcing financial results for the quarter ended September 30, 2017. A copy of this press release is being furnished as Exhibit 99.1 to this report.
ITEM 9.01. |
FINANCIAL STATEMENTS AND EXHIBITS. |
Press Release of Severn Bancorp, Inc., dated October 27, 2017 announcing financial results for the quarter ended September 30, 2017. |
SEVERN BANCORP INC ExhibitEX-99.1 2 ex99_1.htm EXHIBIT 99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE Contact: Paul 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.