Severn Bancorp, Inc. operates as the holding company for Severn Savings Bank, FSB a full service bank conducting business primarily in Maryland, Virginia and Delaware. It accepts checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts, time deposit accounts, and individual retirement accounts, as well as offering passbook accounts. Severn Savings Bank is an FDIC insured institution. Severn Bank stock is not insured, not guaranteed by the bank and subject to investment risk. Severn also provides mortgage loans, including residential, residential construction, commercial construction, home equity lines of credit, commercial real estate loans, multi-family loans, and land and residential building lot loans; and non-mortgage loans, such as consumer, business, and commercial loans. In addition, the company offers additional services including title insurance and real estate settlement services, safety deposit boxes, automated teller machines, debit cards, and Internet and telephone banking. As of December 31, 2006, it operated four full-service branch offices in Anne Arundel County, Maryland. A new headquarters building was built December 2007 and includes the largest private green roof in the city of Annapolis. The company is based in Annapolis, Maryland with the mission to enhance the community by investing in the climate, culture, commerce and people of the Chesapeake Bay region.