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Severn Savings, the last bank based in Annapolis, sold to Shore United

Severn Savings, the last bank based in Annapolis, sold to Shore United
capitalgazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capitalgazette.com Daily Mail and Mail on Sunday newspapers.

Wicomico County , United States , Accomack County , Baltimore County , Dorchester County , Caroline County , Talbot County , Howard County , Kent County , Anne Arundel County , Hyatt Weber , Lloydl Scott Beatty , Glen Burnie , Francesg Hyatt , Stevenm Heinl , Alan Hyatt , Anne Arundel , Federal Reserve Bank , Farmers Bank , Reliable Group , Vanguard Group , Shore United Bank , Annapolis National Bank , Annapolis Bank , Severn Savings Bank , Severn Savings ,

Shore Bancshares, Inc. and Severn Bancorp, Inc. Announce Execution of Merger Agreement Creates 3rd Largest Bank Headquartered in Maryland

Severn Bank logo
EASTON, Md. and ANNAPOLIS, Md., March 3, 2021 /PRNewswire/ Shore Bancshares, Inc. (NASDAQ: SHBI) ( Shore ), the holding company of Shore United Bank, and Severn Bancorp, Inc. (NASDAQ: SVBI) ( Severn ), the holding company of Severn Savings Bank, FSB, today announced they have entered into a definitive agreement under which Severn will merge with and into Shore in a stock and cash transaction valued at approximately $146 million (including common stock and stock options), or $11.30 per share of Severn common stock, based on a closing price for Shore s common stock of $15.64 as of March 2, 2021 and $1.59 per share in cash. Shore expects the transaction to be over 30% accretive to EPS in 2022, based on anticipated cost savings of approximately 35%. ....

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Shore United Bank to acquire Severn Savings Bank for $146 million - Baltimore Business Journal

Shore United Bank to acquire Severn Savings Bank for $146 million - Baltimore Business Journal
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

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Shore Bancshares, Inc. and Severn Bancorp, Inc. Announce Execution of Merger Agreement Creates 3rd Largest Bank Headquartered in Maryland

Shore Bancshares, Inc. and Severn Bancorp, Inc. Announce Execution of Merger Agreement Creates 3rd Largest Bank Headquartered in Maryland
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

United States , Wicomico County , Accomack County , Baltimore County , Dorchester County , Caroline County , Talbot County , Howard County , Kent County , Anne Arundel County , Lloydl Scott Beatty , Glen Burnie , Edwardc Allen , Vance Adkins , Severna Park , Alan Hyatt , Maryland Title Company , Severn Bank Investors Relation , Shore United Bank , Janney Montgomery Scott , Exchange Commission , Piper Sandler Co , Shore Bancshares Inc , Severn Bancorp Inc , Prnewswire Shore Bancshares Inc , Holland Knight ,

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