Sandy Spring Bancorp, Inc. (NASDAQ: SASR, “Sandy Spring”), the parent company of Sandy Spring Bank, announced that it has received the requisite regulatory approvals from the Board of Governors of the Federal Reserve System and the Maryland Office of the Commissioner of Financial Regulation to complete the merger of Revere Bank (OTCQX: REVB, “Revere”) into Sandy Spring Bank.
Company Announces Fifth Consecutive Record Year and $116.4 Million in Annual Net Income. Sandy Spring Bancorp, Inc., (Nasdaq-SASR), the parent company of Sandy Spring Bank, today reported net income for the fourth quarter of 2019 of $28.5 million ($0.80 per diluted share) compared to net income of $25.6 million ($0.72 per diluted share) for the fourth quarter of 2018 and net income of $29.4 million ($0.82 per diluted share) for the third quarter of 2019.
Mark DuHamel Sandy Spring Bank Treasurer
Division Executive Brings More Than 30 Years of Experience Sandy Spring Bank announced today that Mark DuHamel has joined the company as treasurer and division executive. DuHamel’s key responsibilities include providing leadership related to balance sheet management, loan and deposit pricing, and investment and funding strategies. He will lead the...
Sandy Spring Bank recently opened a full-service community office at 10985 Baltimore Avenue in Beltsville, Maryland. With $8.4 billion in assets, the bank currently operates over 50 locations throughout Maryland, Northern Virginia, and Washington D.C. In addition to the Beltsville location, Sandy Spring Bank has Prince George’s County locations in...