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These 2 Md. banks just wrapped up acquisitions
Two banks headquartered in Maryland completed acquisitions of other banks on Monday.
Sandy Spring appoints WashingtonFirst directors ahead of merger
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. […]
Sandy Spring Bancorp reports net income drop
The Olney-based parent company of Sandy Spring Bank said its fourth-quarter net income was $9.1 million, down from $11.1 million in the third quarter and from $9.6 million in the fourth quarter of 2013.
Sandy Spring’s net income drops
Sandy Spring Bancorp Inc., the parent company of Sandy Spring Bank, Thursday reported an 8 percent drop in net income for the third quarter, which ended Sept. 30. Net income was $11.1 million, or 44 cents per diluted share, compared to $12.1 million and 48 cents for the third quarter of 2013. However, this year’s […]
Sandy Spring profit drops due to litigation expense
Olney-based Sandy Spring Bancorp Inc. reported Thursday that it made $7 million net income in the second quarter.
Sandy Spring Bancorp reports record net for year
Olney-based Sandy Spring Bancorp Inc., the parent company of Sandy Spring Bank, reported net income for the fourth quarter of 2013 Thursday of $9.6 million, or $0.38 per diluted share, compared with $9.9 million, or $0.40 per diluted share, for the fourth quarter of 2012.
Sandy Spring’s 3Q earnings dip 2.7%
Sandy Spring Bancorp, of Olney, the largest publicly traded banking company headquartered and operating in Maryland, and the holding company for Sandy Spring Bank, reported a 2.7 percent drop in third-quarter earnings compared to the 2011 period. Net income totaled $11 million, or 44 cents per diluted share, versus net income of $11.3 million, or […]
Sandy Spring to acquire CommerceFirst
Sandy Spring Bancorp Inc. of Olney will acquire CommerceFirst Bancorp of Annapolis, and its subsidiary, CommerceFirst Bank, under a definitive agreement signed by the two companies that was announced Tuesday. Sandy Spring will pay approximately $25.4 million in stock and cash. The acquisition will add approximately $205 million in total assets, $181 million in gross […]
Sandy Spring Bancorp has $11.3M profit in 3rd quarter
Sandy Spring, the largest bank headquartered in Maryland, reported an $11.3 million profit in the third quarter as well as a reduction in the amount it had set aside for bad loans. Olney-based Sandy Spring Bancorp, parent company of Sandy Spring Bank, said Thursday that it had a profit of 47 cents per diluted share, […]
Sandy Spring Bancorp’s 2nd quarter profit up
The parent company of Sandy Spring Bank said Thursday it had a profit of $8.3 million, or 34 cents per share, in the second quarter, up from $6.3 million in the corresponding period last year as the company decreased the amount of money set aside for bad loans. Sandy Spring Bancorp Inc., headquartered in Olney, […]
Sandy Spring turns profit, repays $83M in TARP funds
Sandy Spring Bancorp Inc., the parent company of Sandy Spring Bank, not only reported a profit for the fourth quarter of 2010, but said Thursday it had paid off the $83 million in preferred stock issued to the U.S. Treasury under the TARP Capital Purchase Program. With $3.5 billion in assets, Olney-based Sandy Spring is […]
Sandy Spring Bancorp posts $6.4M 3Q profit
The parent company of Sandy Spring Bank on Wednesday reported a profit of $6.4 million in the third quarter, up from $5.1 million in the second quarter due to drops in the amount of money set aside for bad loans. Sandy Spring Bancorp Inc. also reported a profit for the first nine months of 2010 […]
