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Severn Bancorp CFO to retire

Annapolis, Md.-based SevernBancorp Inc. and unit SevernSavings Bank FSB Executive Vice President and CFO Thomas Bevivino intends to retire, according to a May3 news release.

Bevivino will step down once a replacement has been appointed,and he will stay on for some time before his planned retirement at the end of Juneto assist with the transition of CFO responsibilities.

The company is now looking for Bevivino's replacement.