Severn Bancorp, Inc. (NASDAQ:SVBI) Files An 8-K Results of Operations and Financial Condition
ITEM 2.02
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RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
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announcing financial results for the quarter ended March 31,
2017. A copy of this press release is being furnished as Exhibit
99.1 to this report.
| ITEM 9.01. |
FINANCIAL STATEMENTS AND EXHIBITS.
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99.1
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Press Release of Severn Bancorp, Inc., dated April 26,
2017 announcing financial results for the quarter ended March 31, 2017. |
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. Severn Bancorp, Inc. (NASDAQ:SVBI) Recent Trading Information
Severn Bancorp, Inc. (NASDAQ:SVBI) closed its last trading session up +0.10 at 7.20 with 0 shares trading hands.