Severn Bancorp Onboards Vance W.Adkins as its CFO

The Board of Directors of Severn Bancrop and its bank subsidiary, appoint Vance W. Adkins as its Executive Vice President and Chief Financial Officer.

Vance possesses about 15 years of experience in financial management, and in particular banking, to Severn Bank. Previously, he served as the Chief Financial Officer at HomeTown Bankshares and its banking subsidiary, HomeTown Bank, which is located in Roaoake, Virginia. There he served for a period of three years, from 2016 until the completion of its merger in April 2019. Prior to that, Vance held the position of Senior Risk Officer in the HomeTown Bank from 2010 to 2016. He is a Certified Public Accountant and has obtained his Bachelor of Science in Business and Master of Science in Accounting and Information Systems from Virginia Tech in Blacksburg, VA.

Alan J. Hyatt, President & Chief Executive Officer, remarks, “We are looking forward to having Vance join the Severn Bank team.

He brings knowledge and experience to our organization as we undertake growth. He comes from a community bank background similar to ours so he will have a good understanding of our commitment to the community we serve. His background as a CPA and Bank Risk Officer will also prove invaluable in this period of chaning regulations”.

We are looking forward to having Vance join the Severn Bank team. He brings knowledge and experience to our organization as we undertake growth. He comes from a community bank background similar to ours so he will have a good understanding of our commitment to the community we serve.

Severn Bank was established in 1946, as a full service community bank. It offers a wide array of personal and commercial banking products as well as residential and commercial mortgage lending. Severn has assets of about $882 million. The company’s branches are located in Annapolis, Edgewater, Glen Burnie, Lothian/Wayson’s Corner and Severna Park.