Severn Bancorp facing scrutiny 

Posted: 1:03 pm Tue, November 24, 2009
By Danielle Ulman

One banking analyst said it is troubling that much of Severn’s loan portfolio is made up of construction, Severn Bancorp Inc. and Severn Savings Bank FSB entered into supervisory agreements with federal regulators Tuesday, the result of concerns over the companies’ operating results in a tough economic climate. The agreements with the Office of Thrift Supervision, ...