A Virginia banking company plans to acquire Maryland-based Sandy Spring Bancorp in a deal valued at about $1.6 billion, creating one of the mid-Atlantic region’s largest banks and cementing the merged ...

Richmond-based Atlantic Union Bank is one step closer to completing its $1.6 billion purchase of Maryland’s Sandy Spring Bank. The Federal Reserve Bank of Richmond, acting on delegated authority from ...

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of ...

Sandy Spring Bancorp is experiencing difficulties due to the Fed's tightening of monetary policy. The bank's cost of funds is rising, leading to a decrease in profitability and a decline in the ...

Sandy Spring Bank's net interest income/margin has plummeted due to lower rate cut expectations and rising deposit costs. The bank is focusing on improving relationships with existing customers rather ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The bank had been looking to ...

“We have a solid capital position and are seeing ongoing success with our core deposit strategies and our wealth management lines of business,” said Daniel Schrider, Chair, President & CEO of Sandy ...

OLNEY, Md., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc., (Nasdaq- SASR), the parent company of Sandy Spring Bank, announced that the board of directors declared a quarterly common ...

Hunter R. Hollar, 60, who served 15 years as chief executive and president of Olney-based Sandy Spring Bancorp, stepped down on Jan. 1. Hollar was succeeded by Daniel J. Schrider, 44, who was named ...

Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of ...