Attached files
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| EX-99.1 - EXHIBIT 99.1 - SEVERN BANCORP INC | ex99_1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported)
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February 2, 2016
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Severn Bancorp, Inc.
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(Exact name of registrant as specified in its charter)
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Maryland
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0-49731
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52-1726127
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification Number)
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200 Westgate Circle, Suite 200, Annapolis, Maryland
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21401
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(Address of principal executive offices)
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(Zip Code)
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410-260-2000
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(Registrant’s telephone number, including area code)
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(Former name or former address, if change since last report)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| ITEM 1.02 | TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT |
Severn Bancorp, Inc., (Nasdaq: SVBI) (“Company”) parent company of Severn Savings Bank, FSB (“Severn”), today announced that the Company was informed by the Federal Reserve Bank of Richmond (“FRB”), that the formal written agreement between the Company and FRB dated November 23, 2009 (the “Agreement”), was terminated effective January 21, 2016.
A copy of the press release announcing termination of the Agreement is furnished as Exhibit 99.1 to this Form 8-K.
| ITEM 9.01. | FINANCIAL STATEMENTS AND EXHIBITS |
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(c)
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Exhibits:
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Press Release of Severn Bancorp, Inc. dated February 2, 2016 announcing termination of Formal Agreement with the Federal Reserve.
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Severn Bancorp, Inc. | ||
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Dated: February 2, 2016
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By: |
/Alan J. Hyatt/
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Alan J. Hyatt, President
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