Severn to take $4M charge on loan sale
Baltimore Business Journal
Severn Bancorp Inc. will take a $4 million charge in the fourth quarter as it continues to remove bad loans from its balance sheet. Severn (NASDAQ: SVBI), the parent company of Severn Savings Bank, sold $15 million worth of underperforming loans for ...
Severn Bancorp loses $4 million on sale of loans