SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of Severn Bancorp, Inc. (Nasdaq – SVBI)

BALA CYNWYD – March 4, 2021 /Access Wire/ – Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Severn Bancorp, Inc. (“Severn” or the “Company”) (Nasdaq – SVBI) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the agreement to be acquired by Shore Bancshares, Inc. (“Shore”) (Nasdaq – SHBI). Under the terms of the agreement, Severn shareholders will receive only $1.59 in cash and 0.6207 of a Shore common stock for each Severn share that they own, representing implied per-share merger consideration of approximately $11.30 based upon Shore’s March 2, 2021 closing price of $15.64.

The investigation concerns whether the Severn Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether Shore is paying too little for the Company.

If you own shares of Severn stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, or call toll free 855-576-4847.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.