Citing merger, pandemic costs, Sandy Spring reports $14.3M Q2 loss

The parent company of Sandy Spring Bank today reported a $14.3 million net loss for the second quarter of 2020, the result of merger and acquisition expenses and the economic impact of the coronavirus in determining the allowance for credit losses, the bank said. Sandy Spring Bancorp reported $22.5 million in expenses to acquire Revere Bank, a deal ...

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