Severn Bancorp in Annapolis, Md., will take a $4 million pretax charge in the fourth quarter after selling troubled loans.
Severn in Maryland to Take $4 Million Hit on Loan Sales
- Full access to banking's most comprehensive daily report
- Daily, weekly, and topic-based newsletters and alerts
- Award-winning analysis and insight, focused on bankers' key concerns
- Bimonthly industry research reports
- Morning Scan Plus (Premium e-newsletter)
- American Banker mobile app