ANNAPOLIS, Md., Aug. 29, 2019 /PRNewswire/ -- The Board of
Directors of Severn Bancorp, Inc. (the "Company"), and its
subsidiary, Severn Bank (the "Bank") appointed Vance W. Adkins, Executive Vice President and
Chief Financial Officer of the Company and the Bank effective
September 16, 2019.
Mr. Adkins brings years of experience in financial management,
and in particular banking, to Severn Bank. From 2016 until the
completion of its merger in April
2019, Mr. Adkins served as Chief Financial Officer of
HomeTown Bankshares Corporation and its banking subsidiary,
HomeTown Bank, located in Roanoke, Virginia. Before serving
as Chief Financial Officer he held the position of Senior Risk
Officer of HomeTown Bank from 2010 until 2016. Mr. Adkins is a
Certified Public Accountant and received his Bachelor of Science in
Business and Masters of Science in Accounting and Information
Systems from Virginia Tech in
Blacksburg, VA.
Alan J. Hyatt, President and
Chief Executive Officer, remarked, "We are looking forward to
having Vance join the Severn Bank team. He brings knowledge and
experience to our organization as we undertake growth. He comes
from a community bank background similar to ours so he will have a
good understanding of our commitment to the community we serve. His
background as a CPA and Bank Risk Officer will also prove
invaluable in this period of changing regulations."
About Severn Bank
Founded in 1946, Severn Bank is a
full-service community bank offering a wide array of personal and
commercial banking products as well as residential and commercial
mortgage lending. It has assets of approximately $882 million and six branches located in
Annapolis, Edgewater, Glen
Burnie, Lothian/Wayson's
Corner, and Severna Park, and a
seventh scheduled to open in Crofton in 2019. The bank specializes in
exceptional customer service and holds itself and its employees to
a high standard of community contribution.
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SOURCE Severn Bancorp, Inc.