Severn Savings Bank is a federally chartered savings bank. The bank functions as a retail depository offering a variety of savings products, certificates of deposit, retirement accounts and personal checking accounts, as well as commercial checking accounts. It functions as a community mortgage lender, emphasizing all types of residentially related mortgage loans to refinance, purchase, construct or rehabilitate. The bank also originates commercial mortgages. Severn Savings Bank is a subsidiary of Severn Bancorp, a savings and loan holding company. Severn Savings Bank is located in Annapolis, Md.
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