Shore United Bank and Severn Savings Bank almost agreed to a deal in December 2018, but then the stock market crashed. Alan Hyatt, CEO of Severn, and Lloyd L. “Scott” Beatty, CEO of Shore, kept talking and got close to finalizing an agreement in February last year. Then the Covid-19 pandemic happened, and the stock market tanked again. As the old saying goes, if at first you don’t succeed, try and try again.
Third time’s the charm for Shore United, Severn Savings Bank merger
March 11, 2021