{"id":388066,"date":"2020-11-24T16:08:32","date_gmt":"2020-11-24T21:08:32","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=388066"},"modified":"2020-11-24T16:08:32","modified_gmt":"2020-11-24T21:08:32","slug":"severn-bancorp-inc-announces-dividend-4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/severn-bancorp-inc-announces-dividend-4\/","title":{"rendered":"Severn Bancorp, Inc. Announces Dividend"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">ANNAPOLIS, Md.<\/span>, <span class=\"xn-chron\">Nov. 24, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0Severn Bancorp, Inc. (the Company) (NASDAQ: SVBI), the parent company of Severn Bank (the Bank)\u00a0announced that the Board of Directors approved a cash dividend to its shareholders. The cash dividend of <span class=\"xn-money\">four cents<\/span><span class=\"xn-money\">($0.04)<\/span> per share of common stock will be payable on <span class=\"xn-chron\">December 15, 2020<\/span> to shareholders of record at the close of business on <span class=\"xn-chron\">December 8, 2020<\/span>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/241973\/Severn_Bank_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/241973\/Severn_Bank_Logo.jpg\" title=\"Severn Bank logo\" alt=\"Severn Bank logo\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\n        <span class=\"xn-person\">Alan J. Hyatt<\/span>, President and Chief Executive Officer said,\u00a0&#8220;We are pleased to announce our fourth quarterly dividend at the close of a year unlike any other. We not only survived a roller-coaster market, but also an economic challenge requiring quick pivoting and constant\u00a0 thoughtful action. We have also continuously increased both personal and business accounts while generating substantial residential mortgage originations to keep Severn Bank strong, and reached out to our community to remain relevant and distinctive. Our priority continues to be delivering shareholder value and positioning the company for continued success and strength.&#8221; <\/p>\n<p>\n        <b>About Severn Bank: <\/b>Founded in 1946, <span class=\"xn-location\">Severn<\/span> is a full-service community bank offering a wide array of personal and commercial banking products as well as residential and commercial mortgage lending. It has seven branches located in <span class=\"xn-location\">Annapolis<\/span>, <span class=\"xn-location\">Crofton<\/span>, <span class=\"xn-location\">Edgewater<\/span>, <span class=\"xn-location\">Glen Burnie<\/span>, <span class=\"xn-location\">Lothian<\/span>\/Wayson&#8217;s Corner, and <span class=\"xn-location\">Severna Park<\/span>. The bank specializes in exceptional customer service and holds itself and its employees to a high standard of community contribution. <span class=\"xn-location\">Severn<\/span> is on the Web at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2992143-1&amp;h=3122605097&amp;u=http%3A%2F%2Fwww.severnbank.com%2F&amp;a=www.severnbank.com\" rel=\"nofollow noopener noreferrer\">www.severnbank.com<\/a>.<\/p>\n<p>\n        <b>Forward Looking Statements<\/b><br \/>\n        <br \/>In addition to the historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties that may be affected by various factors that may cause actual results to differ materially from those in the forward-looking statements. The forward-looking statements contained herein include, but are not limited to, those with respect to management&#8217;s determination of the amount of loan loss reserve and statements about the economy. The words &#8220;anticipate,&#8221; &#8220;believe,&#8221; &#8220;estimate,&#8221; &#8220;expect,&#8221; &#8220;intend,&#8221; &#8220;may,&#8221; &#8220;plan,&#8221; &#8220;will,&#8221; &#8220;would,&#8221; &#8220;could,&#8221; &#8220;should,&#8221; &#8220;guidance,&#8221; &#8220;potential,&#8221; &#8220;continue,&#8221; &#8220;project,&#8221; &#8220;forecast,&#8221; &#8220;confident,&#8221; and similar expressions are typically used to identify forward-looking statements. <span class=\"xn-location\">Severn&#8217;s<\/span> operations and actual results could differ significantly from those discussed in the forward-looking statements. Some of the factors that could cause or contribute to such differences include, but are not limited to, changes in the economy and interest rates both in the nation and in <span class=\"xn-location\">Severn&#8217;s<\/span> general market area, federal and state regulation, competition and other factors detailed from time to time in <span class=\"xn-location\">Severn&#8217;s<\/span> filings with the Securities and Exchange Commission (the &#8220;SEC&#8221;), including &#8220;Item 1A. Risk Factors&#8221; contained in <span class=\"xn-location\">Severn&#8217;s<\/span> Annual Report on Form 10-K for the fiscal year ended <span class=\"xn-chron\">December 31, 2019<\/span>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=AQ02428&amp;sd=2020-11-24\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/severn-bancorp-inc-announces-dividend-301180048.html\">http:\/\/www.prnewswire.com\/news-releases\/severn-bancorp-inc-announces-dividend-301180048.html<\/a><\/p>\n<p>SOURCE  Severn Bancorp, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=AQ02428&amp;Transmission_Id=202011241605PR_NEWS_USPR_____AQ02428&amp;DateId=20201124\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire ANNAPOLIS, Md., Nov. 24, 2020 \/PRNewswire\/ &#8212;\u00a0Severn Bancorp, Inc. (the Company) (NASDAQ: SVBI), the parent company of Severn Bank (the Bank)\u00a0announced that the Board of Directors approved a cash dividend to its shareholders. The cash dividend of four cents($0.04) per share of common stock will be payable on December 15, 2020 to shareholders of record at the close of business on December 8, 2020. Alan J. Hyatt, President and Chief Executive Officer said,\u00a0&#8220;We are pleased to announce our fourth quarterly dividend at the close of a year unlike any other. We not only survived a roller-coaster market, but also an economic challenge requiring quick pivoting and constant\u00a0 thoughtful action. We have also continuously increased both personal and business &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/severn-bancorp-inc-announces-dividend-4\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Severn Bancorp, Inc. Announces Dividend&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-388066","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Severn Bancorp, Inc. Announces Dividend - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/severn-bancorp-inc-announces-dividend-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Severn Bancorp, Inc. Announces Dividend - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire ANNAPOLIS, Md., Nov. 24, 2020 \/PRNewswire\/ &#8212;\u00a0Severn Bancorp, Inc. (the Company) (NASDAQ: SVBI), the parent company of Severn Bank (the Bank)\u00a0announced that the Board of Directors approved a cash dividend to its shareholders. The cash dividend of four cents($0.04) per share of common stock will be payable on December 15, 2020 to shareholders of record at the close of business on December 8, 2020. Alan J. Hyatt, President and Chief Executive Officer said,\u00a0&#8220;We are pleased to announce our fourth quarterly dividend at the close of a year unlike any other. We not only survived a roller-coaster market, but also an economic challenge requiring quick pivoting and constant\u00a0 thoughtful action. We have also continuously increased both personal and business &hellip; Continue reading &quot;Severn Bancorp, Inc. 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