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Severn Bank posts loss in 2Q

BY: Daily Record Staff
POSTED: July 15, 2011
Tags: , , , , , , , ,

Severn Bancorp Inc. of Annapolis, parent company of Severn Savings Bank, said second-quarter net loss was $846,000, or 13 cents per diluted share, compared to net income of $593,000, or 2 cents per share, for the second quarter of 2010. In a statement, the company said the loss stemmed from a decision to add $3 [...]


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Newsmakers – Doug Gansler

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