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Severn Bancorp history
Severn Bancorp company history timeline
In 1980 Severn relocated its headquarters to Annapolis, MD and began a fulltime operation, though total assets were still less than half-a-million dollars.
Starting in 1984 changes in legal designations began.
He shepherded it through the savings and loan crisis of the ’80s, the real estate bust of 2007 that tanked many financial institutions, and was just starting to see profits rise again during the coronavirus recession.
Severn Savings acquired the firm founded by Hyatt’s father in 2007 and sold for an undisclosed price to Reliable Group.
In 2016, it raised $11 million through a sale of shares for unpaid interest and dividends on outstanding stock.
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Severn Bancorp competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Yadkin Financial | - | - | 7 | 7 |
| Home Federal Bank | 1924 | $40.0M | 150 | - |
| Carolina Bank Holdings | 1996 | $40.0M | 165 | - |
| First Fidelity Bank | 1920 | $91.0M | 401 | 18 |
| River Bank | - | $1.2M | 15 | 9 |
| Brookline Bank | 1871 | $338.5M | 826 | 20 |
| Integrity Bank | - | - | - | - |
| Evans Bancorp, Inc. | 1920 | $87.1M | 309 | - |
| Anchor Bank WA | 1907 | $26.3M | 89 | - |
| Kennebunk Savings | 1871 | $53.0M | 350 | 10 |
Severn Bancorp history FAQs
Zippia gives an in-depth look into the details of Severn Bancorp, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Severn Bancorp. The employee data is based on information from people who have self-reported their past or current employments at Severn Bancorp. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Severn Bancorp. The data presented on this page does not represent the view of Severn Bancorp and its employees or that of Zippia.
Severn Bancorp may also be known as or be related to SEVERN BANCORP INC, Severn Bancorp, Severn Bancorp Inc, Severn Bancorp, Inc., Severn Bank and Severn Savings Bank.