Bailout Bank Bio: Sandy Spring Bancorp

Jan 27, 2009 | 1 min read | Print Article

Sandy Spring Bancorp, Inc. is the holding company for Sandy Spring Bank, a community banking organization. The company is involved in community banking, insurance, leasing, and investment. Sandy Spring Bancorp operates 42 community offices in Anne Arundel, Carroll, Frederick, Howard, Montgomery, and Prince George’s Counties in Maryland; and Fairfax and Loudoun counties in Virginia. The company is based in Olney, Maryland. Sandy Spring received $83 million through the Treasury Department’s Capital Purchase Program.

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Bailout Bank Bio: Sandy Spring Bancorp


Federal Equity Investment	$83 million
Total Revenue	$225.26 million (2007)
Net Income	$32.262 million (2007)
Number of Employees	749
Corporate Headquarters	Olney, Maryland
Business Sector	Banking
Officers and Directors	Hollar, Hunter, Chairman of the Board, Chief Executive Officer of the Company and the Bank Other Officers and Directors
Corporate Website	http://www.sandyspringbank.com/
Executive Compensation	Sandy Spring Bancorporation