Sandy Spring Bancorp, Inc. (NASDAQ: SASR) ("Sandy Spring" or “the company”) is a $14.0 billion asset bank holding company headquartered in Olney, MD. The primary subsidiary, Sandy Spring Bank, operates 55 community offices and six financial centers in the demographically attractive Central Maryland, Northern Virginia, and the District of Columbia areas, primarily lending to commercial real estate (CRE), commercial and industrial (C&I), and residential borrowers.
Sandy Spring Bancorp has been moderately acquisitive in its pursuit of growth with eight bank acquisitions since 1993, including Revere Bank in 2Q20, adding ~$2.6 billion in assets throughout the Washington, D.C. Metro Area; SASR is the largest Maryland-headquartered bank in the state by deposit market share.
The bank provides investment management services through West Financial Services and Rembert Pendleton Jackson (“RPJ”) (acquired during 2Q20); the combined reported AUM…
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