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United States
1946 (80 Years)
Last online: No recent activity
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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.
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This company is currently Unproved.
Please be cautious of the potential risks!
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.
Get to know Severn Bancorp
Company Information
Get to know Severn Bancorp
Founded in 1990, Severn Bancorp, Inc. operated as the holding company for Severn Savings Bank, FSB, a community bank headquartered in Annapolis, Maryland. The bank provided a full range of commercial and retail banking services, including various deposit products, commercial real estate loans, residential mortgage loans, and construction loans. Its primary focus was serving individuals, families, and businesses in Anne Arundel County and the surrounding areas. In November 2021, Severn Bancorp was officially acquired by Shore Bancshares, Inc., the parent company of Shore United Bank, and its operations were merged and rebranded under the Shore United Bank name.
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