Sandy Spring Bancorp

Description

Sandy Spring Bancorp, Inc. operates as the bank holding company for Sandy Spring Bank that provides commercial and retail banking services to individuals and businesses in central Maryland, Northern Virginia, and Washington D. C. markets. It operates through three segments: Community Banking, Insurance, and Investment Management. The Community Banking segment provides financial products and services, including various loan and deposit products to individuals and businesses. Its deposit products include demand, money market savings, regular savings, and time deposits. This segments loan portfolio comprises residential real estate loans; commercial real estate loans, commercial construction loans, leases, and other commercial loans; and consumer loans comprising home equity loans and lines, installment loans, and personal lines of credit. The Insurance segment provides general insurance agency services and annuities. The Investment Management segment provides comprehensive investment management and financial planning to individuals, families, small businesses, and associations, including cash flow analysis, investment review, tax planning, retirement planning, insurance analysis, and estate planning. Sandy Spring Bancorp, Inc. also provides trust services. As of January 19, 2017, it operated 44 community offices and 6 financial centers. The company was founded in 1868 and is headquartered in Olney, Maryland.