Saturday, February 11, 2012
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Business Notes

Published 07/20/10

Severn Bancorp, parent company of Severn Savings Bank, FSB, reported that it returned to profitability in the second quarter, posting $593,000 in net earnings compared to net loss of $6.9 million in the same period a year ago. Net income for the first half of the year was $65,000, compared to an $8.2 million loss in the first six months of 2009.

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Partners In Care, a Pasadena nonprofit that helps elderly residents remain independent, yesterday was named a winner of a $20,000 National Family Caregiving Award, sponsored by the National Alliance for Caregiving with support from MetLife Foundation.

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