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Severn Bancorp, Inc. - Company Profile Snapshot

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Company Profile: Severn Bancorp, Inc.
Ticker: SVBI
Exchanges: NAS
2008 Sales: 65,263,000
Major Industry: Financial
Sub Industry: Savings & Loan
Country: UNITED STATES
Employees: 106

Business Description
Severn Bancorp, Inc.. The Group's principal activity is that of a commercial bank. It functions as a holding company for Severn Savings Bank FSB, a federally charted savings bank. Its depositary products consist of fixed-term certificates, regular savings, money market, individual retirement accounts and NOW accounts. Loans offered include home equity, multi-family loans, commercial real estate loans, mortgage-backed securities and construction and land loans. The other services offered include title insurance and real estate settlement services. The primary area of operations is Anne Arundel County, Maryland where it operates three full branches. It operates through three subsidiaries Saving Bank, FSB and Louis Hyatt Inc. Louis Hyatt Inc is a real estate brokerage and property management company. The other subsidiary, SBI Mortgage Company originates mortgages to borrowers with credit backgrounds.

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