Severn Bancorp Inc. agrees to buy Hyatt Real Estate One...

BUSINESS NOTES

April 02, 2001

Severn Bancorp Inc. agrees to buy Hyatt Real Estate

One Annapolis institution announced last week that it was buying another.

Severn Bancorp Inc., parent company of Severn Savings Bank, has entered into an agreement to buy Hyatt Real Estate. Bank executives said the move is a logical extension of the mortgage-oriented company's real estate commitment.

Hyatt's properties include residential listings in the Annapolis and Chesapeake Bay area and office condominiums and space in strip shopping centers. The company also manages properties.

The deal is subject to regulatory approval, and is expected to be final in the second quarter of this year.

Facilities, stores to open at Village at Waugh Chapel

A day care facility, a spa and a few restaurants and stores will set up shop at Village at Waugh Chapel in the next few months.

The site, at Route 3 and Waugh Chapel Road, will soon get two anchor businesses -- a Marshall's and Homegoods decor store. Both will open in fall.

Andrews Day Spa, which is moving from its Crofton facility, will take over 20,000 square feet in one of the village's new buildings. Another will house the day care center.

Job fair to be held Friday at AACC's Arnold campus

A free job fair will be held from 11 a.m. to 3 p.m. Friday in Anne Arundel Community College's Jenkins Gymnasium on the Arnold campus.

The Anne Arundel County Job Service Employer Committee Job Fair will include employers seeking to fill entry-level positions and to attract people who are in the work force. The college recommends that applicants bring a resume.

More than 1,000 people attended a similar event last spring.

The fair will include seminars on interviewing, at 10:30 a.m., and preparing resumes, at 1:30 p.m. Both will be presented by Nancy Fink, manager of counseling and training at the Professional Outplacement Assistance Center in Columbia.

Information: 410-315-8873.

Watermark Cruises prepares for harbor tours

Watermark Cruises is gearing up for its tours of Annapolis Harbor and the Chesapeake Bay. The 29-year-old company's 90-minute tours to Thomas Point start at the end of this month, and St. Michaels cruises start late next month.

All tours leave from City Dock in downtown Annapolis.

Information: www.watermarkcruises.com, or 410-268-7600.

People

New president: Scott Kerridge has been promoted from general manager to president of Admiral Cleaners, based on Taylor Avenue in Annapolis. Admiral has 25 locations in Maryland.

Chamber director: Cathy Belcher has been named the new executive director of West Anne Arundel County Chamber of Commerce. She replaces Marcia Hall, who is leaving after 11 years.

Car dealer honored: Bob Bell, chairman of Bob Bell Automotive Group, was among five nationwide named as a finalist for the 2001 Time Magazine Quality Dealer Award. Sponsored by Time in association with Goodyear Tire & Rubber Co., the award recognizes new-car dealers for performance in their business and distinguished community service.

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