Severn Savings Bank, Fsb Dba Severn Bank
FDIC #32367
📍 Annapolis, Maryland
Severn Savings Bank, Fsb Dba Severn Bank is a savings bank, state charter, supervised by the fdic. established in 04/04/1949. With assets of $1.11 Billion, it operates 0 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: N/A
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
💰 Financial Strength
Total Assets$1.11 Billion
Total Deposits$971.59 Million
Equity Capital$126.91 Million
Net Income$8.49 Million
📈 Performance
ROA1.05%
ROE9.08%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📞 Contact & Location
Address200 Westgate Circle, Suite 200
Annapolis, Maryland 21401
Annapolis, Maryland 21401
📋 Corporate Structure
Established04/04/1949
FDIC Cert32367
Holding CoSevern Bcorp Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeNovember 12, 2021
Foreign Offices0
SAIF InsuredNo
State CharteredNo
🕰️ Lobby Hours
Monday9:00 AM - 5:00 PM
Tuesday9:00 AM - 5:00 PM
Wednesday9:00 AM - 5:00 PM
Thursday9:00 AM - 5:00 PM
Friday9:00 AM - 5:00 PM
SaturdayClosed
SundayClosed
📜 Institutional History
2019
Name Change
Name became: Changed Institution Name To Severn Savings Bank, Fsb Dba Severn Bank.
2011
Relocation
Moved HQ to: 200 Westgate Circle, Suite 200, Annapolis, MD 21401.
2005
Relocation
Moved HQ to: 1917 West St, Annapolis, MD 21401.
1994
Name Change
Name became: Changed Institution Name To Severn Savings Bank, Fsb.