Severn Bancorp, Inc. ("Bancorp") is a savings and loan holding company. Its primary subsidiary, Severn Savings Bank, FSB ("Severn") is a federally chartered, FDIC insured savings bank. Severn began its operation as a neighborhood building and loan association in Baltimore, Maryland in 1946. Then known as Pompei Permanent Building Association, it operated on Tuesday nights from 7 p.m. to 9 p.m. in the "Highlandtown" section of Baltimore City.