MD-based Sandy Spring Bank, Atlantic Union Bank complete merger

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Atlantic Union Bank, a financial establishment headquartered in Richmond, Va., has officially completed a merger integration with Olney-based Sandy Spring Bancorp Inc., the company announced Wednesday.

About a year ago, the two institutions issued a merger announcement after Atlantic Union Bankshares Corp. acquired Sandy Spring Bancorp for $1.6 billion. This February, Atlantic Union received regulatory approval for the Sandy Spring merger and completed the acquisition in April. 

According to Atlantic Union executives, this merger strengthens the bank’s presence in Maryland, building the largest regional bank headquartered in the lower Mid-Atlantic.

“Following our detailed merger integration playbook used to seek to ensure a smooth transition, our teammates have worked diligently on the data conversion and systems integration of Sandy Spring since the merger announcement last fall,” Atlantic Union Bank President Maria Tedesco said.

“Not only does this successful integration result in a unified bank presence across Virginia, Maryland, North Carolina and Washington, D.C., but also helps us build on our commitment to provide the conveniences, services and products that are most important to our customers.”

With the integration of Sandy Spring’s operations and branches, the combined company’s Mid-Atlantic presence will effectively double its wealth business by increasing assets under management by more than $6.5 billion, according to a Daily Record report published October 2024.

Founded in 1868, Sandy Spring Bank offered deposit, loan and investment products, trust services, mortgage and construction loans, and telephone and PC banking. Prior to the merger, the company was a member of the Montgomery County Chamber of Commerce since 1991.