SVBI - Dividend announcements

ANNAPOLIS, Md., Aug. 24, 2021 /PRNewswire/ -- Severn Bancorp, Inc. (the Company) (NASDAQ:SVBI), the parent company of Severn Bank (the Bank) announced that the Board of Directors declared a cash dividend to its shareholders. The cash dividend of five cents ($0.05) per share of common stock will be payable on September 15, 2021 to shareholders of record at the close of business on September 3, 2021. "Despite the continuing efforts to move forward with the merger of the Company and Shore Bancshares, Inc., net income was sufficient to allow the Company to once again pay a five ce

ANNAPOLIS, Md., May 25, 2021 /PRNewswire/ -- Severn Bancorp, Inc. (the Company) (NASDAQ:SVBI), the parent company of Severn Bank (the Bank) announced that the Board of Directors declared a cash dividend to its shareholders. The cash dividend of five cents ($0.05) per share of common stock will be payable on June 15, 2021 to shareholders of record at the close of business on June 8, 2021. Alan J. Hyatt, President and Chief Executive Officer said, "We are glad to announce that the Company is able to pay another five cent ($.05) dividend this quarter based on our year to date ear

Shore Bancshares Logo (PRNewsfoto/Shore Bancshares, Inc.) Severn Bank logo EASTON, Md. and ANNAPOLIS, Md., March 3, 2021 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) ( "Shore"), the holding company of Shore United Bank, and Severn Bancorp, Inc. (NASDAQ: SVBI) ("Severn"), the holding company of Severn Savings Bank, FSB, today announced they have entered into a definitive agreement under which Severn will merge with and into Shore in a stock and cash transaction valued at approximately $146 million (including common stock and stock options), or $11.30 per share of Severn common stock, based on a closing price for Shore's common stock of $15.64 as of March 2, 202

ANNAPOLIS, Md., Feb. 24, 2021 /PRNewswire/ -- Severn Bancorp, Inc. (NASDAQ: SVBI), the parent company of Severn Bank announced that the Board of Directors declared a 25% increase in the quarterly cash dividend to its shareholders. The cash dividend of five cents ($0.05) per share of common stock will be payable on March 15, 2021 to shareholders of record at the close of business on March 8, 2021. Alan J. Hyatt, President and Chief Executive Officer said: "We are pleased to increase our dividend to our shareholders.  This has been a challenging time for the economy, and Severn Bank has met the challenges.  We continue to support our community through the second round of the PPP program for lo