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Severn Promotes Senior Leader to CFO

Community financial institution ""Severn Savings Bank"":http://www.severnbank.com/ has named a new chief financial officer. The Maryland-based bank recently promoted Stephen W. Lilly to the leadership role.

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Prior to his appointment at CFO, Lilly performed as Severn's senior vice president. Lilly joined the bank in November of last year. Lilly is well prepared for his new role with Severn, having previously served as CFO for ""Bay-Vanguard"":http://www.bayvanguard.com/ Federal Savings

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Bank in Baltimore, Maryland. Additionally, he boasts extensive industry experience in diverse banking sectors for a variety of financial institutions across the eastern United States.

Lilly, a certified public accountant, has acted in financial officer positions for banks throughout Maryland and the District of Columbia. The ""University of Maryland"":http://www.umd.edu/ graduate began his career in public accounting, before moving on to roles in banking.

Severn's executive vice president and chief operating officer, Thomas G. Bevivino, said of Lilly's promotion to CFO, ""We are pleased to have Steve as a key player on our team.""

Bevivino went on to add, ""His experience, depth of knowledge and integrity are a perfect complement to Severn's management team already in place.""

Severn, which is a subsidiary of Severn Bancorp Inc., functions as a full-service community bank and offers a wide range of personal and commercial banking products, as well as residential and commercial mortgage loans. Currently, Severn has four branches located in Annapolis, Edgewater, and Glen Burnie, Maryland.

About Author: Abby Gregory

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