Severn Bancorp Annual Meeting
ANNAPOLIS, Md. , April 29, 2021 |PRNewswire| -- Filed by Severn Bancorp, Inc. Pursuant to Rule 425 under the Securities Act of 1933 And deemed filed pursuant to Rule 14a-12 Under the Securities Exchange Act of 1934 Subject Company: Severn Bancorp, Inc. Commission File No. 000-49731 Dear Severn Bancorp Stockholder, Severn Bancorp, Inc., the parent company of Severn Bank, has traditionally held its annual stockholders meeting in the spring. This year, the annual meeting has been postponed – and may not be held at all. Severn Bancorp, Inc. entered into a merger agreement with Shore Bancshares, Inc., the parent company of Shore United Bank. This will bring Severn Bank and Shore United Bank together. We will have an expanded community banking franchise, growing assets from $1 billion to $3 billion . In addition to Severn's 7 branches in Anne Arundel County , we will have an additional 22 branches throughout the Eastern Shore of Maryland , Delaware , the Eastern Shore of Virginia , Baltimore County , and Howard County .
Severn Bancorp Annual Meeting
ANNAPOLIS, Md. , April 29, 2021 |PRNewswire| -- Filed by Severn Bancorp, Inc. Pursuant to Rule 425 under the Securities Act of 1933 And deemed filed pursuant to Rule 14a-12 Under the Securities Exchange Act of 1934 Subject Company: Severn Bancorp, Inc. Commission File No. 000-49731 Dear Severn Bancorp Stockholder, Severn Bancorp, Inc., the parent company of Severn Bank, has traditionally held its annual stockholders meeting in the spring. This year, the annual meeting has been postponed – and may not be held at all. Severn Bancorp, Inc. entered into a merger agreement with Shore Bancshares, Inc., the parent company of Shore United Bank. This will bring Severn Bank and Shore United Bank together. We will have an expanded community banking franchise, growing assets from $1 billion to $3 billion . In addition to Severn's 7 branches in Anne Arundel County , we will have an additional 22 branches throughout the Eastern Shore of Maryland , Delaware , the Eastern Shore of Virginia , Baltimore County , and Howard County .