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Severn Bancorp bounces back in quarter

Severn Bancorp Inc., parent company of Severn Savings Bank FSB, rebounded with a profit in the fourth quarter. Severn’s net income for the quarter ended Dec. 31 was $1.55 million, or 10 cents per share, compared with a net loss of $5.47 million, or 58 cents per share, during 2013’s fourth quarter. Severn said fourth-quarter ...