The company said the appointment is subject to the approval of the Federal Reserve Bank of Richmond and the Office of the Comptroller of the Currency, Bancorp’s and the Bank’s primary regulators.
Bevivino joined Bancorp in August 2004 as controller, and has served as the CFO since July 2005. He will also remain as acting CFO until a replacement has been identified.
Bevivino was a financial consultant from 2002 until 2004, and served as CFO of Luminant Worldwide Corporation from 1999 until 2002.
Severn Savings Bank is a full-service community bank offering a wide array of personal and commercial banking products as well as residential and commercial mortgage lending. It has assets of approximately $930m and four branches located in Annapolis, Edgewater and Glen Burnie.
