ANNAPOLIS – Severn Bancorp/Severn Savings Bank announced a Q4 2009 net loss of $2.7 million, a smaller amount than the $4.4 million loss recorded in Q3 and $6.9 in Q2.  Still considered “well capitalized” under the federal government’s definition, the bank is in a better position and CEO Alan Hyatt says he is “cautiously optimistic that the worst of the economic recession is behind us.”

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