Severn Savings Bank, FSB, based in Annapolis, reported a net income of $418,000 for the six months ended June 30, 1991, the best January-to-June profit in the history of the bank.
In addition, Severn wasthe only Annapolis-based savings bank included in recent nationwide listing of savings institutions that, during 1990, met all regulatorycapital levels and showed profits.
The list was published in National Mortgage News.
A federal savings bank, Severn has branches at 1726 West Street,
Annapolis, and 413 Crain Highway, S.E., Glen Burnie.