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EX-99.1 - EXHIBIT 99.1 - SEVERN BANCORP INCex_195107.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

 

Date of Report (Date of earliest event report):  July 24, 2020

 

Severn Bancorp, Inc.

(Exact name of registrant as specified in its charter)

 

Maryland

0-49731

52-1726127

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification Number)

 

200 Westgate Circle, Suite 200, Annapolis, Maryland

 

21401

(Address of principal executive offices)

 

(Zip Code)

 

410-260-2000

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former name or former address, if change since last report)

 

 

Check the appropriate box below if the Form8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

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))

 


 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange on which registered

Common Stock, $0.01 par value

 

SVBI

 

The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

Item 2.02

Results of Operations and Financial Condition

 

On July 24, 2020 Severn Bancorp, Inc. issued a press release announcing financial results for the quarter ended June 30, 2020.  A copy of this press release is being furnished as Exhibit 99.1 to this report.

 

Item 9.01

Financial Statements and Exhibits

 

(d) Exhibits:

 

99.1 Press Release of Severn Bancorp, Inc., dated July 24, 2020 announcing financial results for the quarter ended June 30, 2020.

 

 

 

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.

 

 

 

Dated:  July 24, 2020

By: 

 /s/Vance W. Adkins

 

 

Vance W. Adkins

 

 

Executive Vice President & Chief Financial Officer