Severn Savings Bank, the largest community bank based in Anne Arundel County, is celebrating 35 years of providing the community with exceptional banking services.
The company, originally named Pompeii Permanent Building and Loan Association, was started in the Highlandtown neighborhood of Baltimore City in 1946. In 1980 the company made its move to Anne Arundel County, and more specifically Annapolis, with the opening of headquarters in a former Dairy Queen building on West Street. The bank was long known as exclusively being a real estate and mortgage lender, but in recent years has become a full service community bank adding all facets of commercial banking, electronic and mobile banking. Severn has since grown to include a corporate headquarters building and four local branches in Annapolis, Edgewater and Glen Burnie.
“We have literally helped thousands of home owners and small businesses in our community get their start,” said Alan J. Hyatt, President of Severn Bancorp, Inc. “To this day, I’ve never gotten over how it feels to help families set their roots or earn their first dollar in Anne Arundel County. This county has been good for us, and we’re doing all we can to be good for it.”
Currently, Severn Savings Bank is a subsidiary of Severn Bancorp, Inc., which is traded on the NASDAQ. Severn is the largest community bank in Anne Arundel County at just under $800 million in assets and the only community bank headquartered in Annapolis. The bank also prides itself on being a good corporate citizen, supporting many area non-profits and local organizations serving those in need. Severn has received many awards including Corporate Philanthropist of the Year from the Community Foundation, Corporate Citizen Award from the Annapolis and Anne Arundel County Chamber of Commerce, What’s Up Magazine’s Best Bank Award, and the Capital Gazette Readers’ Choice Best Bank Award.