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ECA2021-230 – Information Regarding the Merger of Severn Bancorp, Inc. (SVBI)

At a special meeting to be held on October 22, 2021 the shareholders of Severn Bancorp, Inc. (SVBI) will vote on a proposed merger with Shore Bancshares, Inc (SHBI). If approved, the merger is tentatively scheduled to close on Friday, October 29, 2021, subject to the completion of the closing. The suspension details are as follows:

Company/Issue: Severn Bancorp Inc Common Stock
CUSIP#: 81811M100
Symbol: SVBI
Anticipated Last Trading Date: October 29, 2021
Anticipated Marketplace Effective Date for Suspension: November 1, 2021
Merger Consideration: $1.59 & .6207 of a share of Shore Bancshares, Inc (SHBI) for each share held.

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