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Sandy Spring appoints WashingtonFirst directors ahead of merger

Sandy Spring Bank in Columbia, Md. (Sandy Spring Bank photo)

Sandy Spring Bank in Columbia, Md. (Sandy Spring Bank photo)

Sandy Spring Bancorp Inc., a community bank based in Olney, added four directors to its board related to its acquisition, announced in May, of Reston, Virginia-based WashingtonFirst Bank.

Once the acquisition is complete, WashingtonFirst Chairman Joseph S. Bracewell, CEO Shaza L. Andersen, and directors Mark C. Michael and Joe R. Reeder will join the Sandy Spring board. At that time, Sandy Spring director Susan D. Goff will retire from the board after 23 years of service.

Reeder, a shareholder in Greenberg Traurig LLP, has been a director of WashingtonFirst since 2004. He was the 14th Under Secretary of the Army and a past chairman of the Panama Canal Commission’s board of directors. Michael is the co-founder and CEO of Occasions Caterers Inc. and the co-founder and president of Protocol Staffing Services LLC, and Menus Catering Inc. He joined the WashingtonFirst board in 2005.

Sandy Spring expects the acquisition to close Jan. 1, 2018, giving the bank assets of about $7.5 billion.

 


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