SA News • Today, 5:01 PM
- Severn Bancorp was able to post third quarter earnings of $0.05 per share.
- This quarter's earnings break a streak of long-term losses that are rooted in the bank's poor asset quality.
- I'm still bearish on the bank's outlook, but this quarter's results were a big step in the right direction.
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Today, 5:01 PM
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Severn Bancorp Inc is a savings & loan holding company. It offers savings, money market, time deposit, individual retirement accounts & mortgage banking services. It also provides safe deposit boxes, ATMs, internet banking & debit cards, among others.
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