Company Release - 06/29/2016 14:49
WASHINGTON, June 29, 2016 (GLOBE NEWSWIRE) -- Today Sandy Spring Bank celebrated its first Washington, D.C., branch with a ribbon cutting ceremony. Bank President and CEO, Daniel Schrider, and Executive Vice President for Commercial and Retail Banking, Jay O’Brien, presided over the occasion. Margaret Singleton, Interim President and CEO of the D.C. Chamber of Commerce; and Neil Albert, Executive Director of the DowntownDC Business Improvement District (BID), also participated in the event and voiced their support for the bank’s expansion into D.C.
| Left to right: Jay O’Brien, Executive Vice President, Commercial and Retail Banking, Sandy Spring Bank; Neil Albert, Executive Director, DowntownDC Business Improvement District; Margaret Singleton, Interim President and CEO, D.C. Chamber of Commerce; Dan Schrider, President and CEO, Sandy Spring Bank |
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/38984835-2ecc-45d6-a612-03b880ee4c77
With the opening of the new Penn Quarter office earlier this year at 1299 Pennsylvania Avenue, NW, the bank operates 45 branches and six financial centers across Maryland, Northern Virginia and Washington, D.C. While the bank’s first D.C. office is an important milestone in its nearly 150-year history, the bank has been serving clients and businesses in the district for decades.
“Since we opened our doors in D.C., we have received a tremendous amount of support from our clients, the business community, and the D.C. government,” said Dan Schrider. “We look forward to continuing to work together to promote economic growth and stability in this market, not only through our comprehensive product and service offerings, but also through our robust community service and financial literacy efforts.”
The new branch features an open layout that is free of the traditional teller line. Universal Bankers provide consultative support and help connect clients to a range of valuable services, including mortgage, insurance, commercial banking, trust and investment services, and more. Clients can conveniently deposit cash and checks using an image enabled ATM, and complimentary meeting spaces are available for public use. In an effort to best meet the needs of the D.C community, members of the bank’s Mortgage, Business Banking and Trust teams are also onsite in the new branch.
In recognition of the new Penn Quarter community office, the bank presented a donation to Students Organized to Understand Leadership (SOUL). This non-profit works with DC Public Schools and other community groups to provide disadvantaged youth with academic, athletic, character, and professional enrichment opportunities. The donation will award college book scholarships to four high school seniors who participate in SOUL’s “Graduate with a Plan” program.
As a community bank with deep local roots, Sandy Spring Bank is committed to improving the communities it serves. Last year the bank supported more than 300 non-profits across the region, and employees volunteered thousands of service hours. Recognizing the important role of financial literacy and community education, the bank facilitates more than 100 educational opportunities for its clients and the community each year. From seminars for first-time homebuyers, to roundtable discussions with the bank’s Trust and Private Banking experts, Sandy Spring is committed to equipping individuals with the knowledge they need to make informed financial decisions.
About Sandy Spring Bancorp, Inc.
Sandy Spring Bancorp, Inc., headquartered in Olney, Maryland, is the holding company for Sandy Spring Bank. Independent and community-oriented, Sandy Spring Bank offers a broad range of commercial banking, retail banking, mortgage and trust services throughout central Maryland, Northern Virginia, and the greater Washington D.C. market. Through its subsidiaries, Sandy Spring Insurance Corporation and West Financial Services, Inc., Sandy Spring Bank also offers a comprehensive menu of insurance and wealth management services. With $4.7 billion in assets, the bank operates 45 community offices and six financial centers across the region. Visit www.sandyspringbank.com for more information.
Member FDIC. An Equal Housing Lender.
Contact: Jen Schell 240-755-7834 jschell@sandyspringbank.com
Source: Sandy Spring Bank