SEVERN SAVINGS BANK, FSB DBA SEVERN BANK

Status:Inactive as of 11/01/2021
 Absorption - Without Assistance
Successor Bank:Shore United Bank, N.A.
Headquarters:SEVERN SAVINGS BANK, FSB DBA SEVERN BANK
200 Westgate Circle, Suite 200
Annapolis, MD 21401
Established:04/04/1949
FDIC Insurance:08/09/1989
FDIC Cert:#32367
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$1,113,906,000
Total Deposits:$971,589,000

History

1949-04-04Institution established: Original name:Severn Savings Association
1987-06-30Changed organization type to STOCK SAVINGS BANK
1987-06-30Changed name to Severn Savings Bank, FSB
2011-07-21Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to COMPTROLLER OF THE CURRENCY
2018-08-28Changed name to SEVERN SAVINGS BANK, FSB DBA SEVERN BANK
2021-11-01Merged into and subsequently operated as part of Shore United Bank (4832)

Financial Information (2021-09-30 and Older)