Severn Bancorp Inc. / SVBI
Branch manager and assistant vice president branch operations, Terri Rose and senior vice president of retail and business banking, Mark Barker meet to discuss plans for the day in the Westgate Branch, Severn's newest branch located in the new Severn Bank Building in Annapolis. (Photo: Courtesy of company.)
About Severn Bancorp Inc.
200 Westgate Cir., Suite 200, Annapolis, Md. 21401
www.severnbank.com
| 410-260-2000
| Founded: 1946
Industry: Banking | Category: Top Financial Companies
Severn Bancorp is the parent of Severn Savings Bank; SBI Mortgage; and Hyatt Commercial, a real estate broker and property manager. The bank has four branches and owns Homeowner's Title and Escrow. The bank originated $251.7 million of mortgages in 2007, down from $285.8 million in 2006. Nonperforming assets totaled $10.7 million (1.1 percent of total assets) as of Dec. 31, up from $6.9 million (0.8 percent) a year earlier.
President and chairman: Alan J. Hyatt
2007 Financial Data
Total employees: 118 | Local employees: 118Company Leadership
| Louis Dipasquale Jr. | Director |
| Alan J. Hyatt | Chairman, Chief Executive Officer and President |
| Melvin Hyatt | Director |
| S. Scott Kirkley | Executive Vice President and Director |
| Melvin E. Meekins Jr. | Vice Chairman |
| Ronald P. Pennington | Director |
| T. Theodore Schultz | Director |
| Albert W. Shields | Director |
| Keith Stock | Director |
Source: Compensation data provided by Equilar, Inc..
Did You Know
BANKER'S HOURS: When Severn began in Baltimore in 1946 as the Pompeii Permanent Building Association, it was open only on Tuesdays from 7 to 9 p.m.
