Severn Bank posts loss in 2Q
BY: Daily Record Staff 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 [...] |






