ANNAPOLIS – The board of directors of Severn Bancorp, Inc., parent company of Severn Savings Bank FSB, has declared a regular quarterly dividend of $.03 per share for the first quarter of 2009. This dividend is payable on April 15, 2009 to shareholders of record as of the close of business on March 31, 2009 and represents a reduction of $.03 per share from the dividend declared for the fourth quarter of 2008.
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