Severn Bancorp, Inc.

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is a savings and loan holding company. Its primary subsidiary, Severn Savings Bank, FSB ("Severn") is a federally chartered, FDIC insured savings bank.Severn Bancorp, Inc. ("Bancorp") is a savings and loan holding company. Its primary subsidiary, Severn Savings Bank, FSB ("Severn") is a federally chartered, FDIC insured savings bank. Severn began its operation as a neighborhood building and loan association in Baltimore, Maryland in 1946. Then known as Pompei Permanent Building Association, it operated on Tuesday nights form 7 p.m. to 9 p.m. in the “Highlandtown” section of Baltimore City.In 1984, Severn converted from a mutual savings and loan association to a Maryland chartered stock savings and loan association. Deposits were insured by the Maryland Savings Share Insurance Corporation (“MSSIC”).

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