Sandy Spring Bank to Open Its First Washington, D.C. Branch in 2016

OLNEY, Md., Nov. 05, 2015 (GLOBE NEWSWIRE) — Sandy Spring Bank announced today that it will open its first community office in the District of Columbia in the first quarter of 2016. With $4.6 billion in assets, the bank currently operates 44 branches and six financial centers across Maryland and Northern Virginia.

“Sandy Spring Bank has been serving individuals, families, businesses and communities in this region for nearly 150 years,” said Dan Schrider, President and CEO of the bank. “With a physical presence in the heart of the business district, we will not only be able to better serve our clients who work or live in the city, but we will have the opportunity to reach new clients with our personalized service and competitive products and services.”

Located at 1299 Pennsylvania Avenue, NW, the new branch will feature an open layout, free of the traditional teller line, and Universal Bankers who stand ready to provide comprehensive financial support. Clients will also enjoy the extended service hours and convenience of depositing cash and checks using an image enabled ATM, as well as complimentary meeting spaces, free Wi-Fi and charging stations.

“We want to create a banking experience that is more personalized and pleasant, and encourages more consultative interactions with our clients,” added Schrider.

In addition to full-service retail capabilities, members of the bank’s Mortgage and Business Banking teams will also be onsite in the new D.C. location.

“As a community bank, we know that small businesses play an important role in creating jobs and building a strong local economy. We also know that helping people achieve their homeownership dreams is essential to building vibrant and engaged communities,” said Jay O’Brien, Executive Vice President for Commercial and Retail Banking. “That is why we are bringing experts in these fields to our new D.C. branch, so that they can help connect our clients with an array of special products and services.”

Sandy Spring Bank has a proven record of developing products to meet the needs of its communities. Last year the bank introduced a Civil Service Mortgage Loan Program, which was developed to help military, law enforcement, firefighters, and schoolteachers achieve homeownership.

“We know that people in D.C. have a lot of choices. For those who don’t yet know us, we’re excited to introduce Sandy Spring Bank and to make our mark,” added O’Brien.  “We are in the business of helping our personal and business clients to achieve their financial goals throughout their lifetime: from savings and student accounts, to trust and investment services, commercial loans up to $50 million, and small business loans. We know our market, we make decisions locally, and we are uniquely positioned to be agile and responsive in support of our clients’ needs.”

About Sandy Spring Bancorp, Inc.

Sandy Spring Bancorp, Inc., headquartered in Olney, Maryland, is the holding company for Sandy Spring Bank. Independent and community-oriented, Sandy Spring Bank offers a broad range of commercial banking, retail banking, mortgage and trust services throughout central Maryland, Northern Virginia, and the greater Washington, D.C. market. Through its subsidiaries, Sandy Spring Insurance Corporation and West Financial Services, Inc., Sandy Spring Bank also offers a comprehensive menu of insurance and wealth management services. With $4.6 billion in assets, the bank operates 44 community offices and six financial centers across the region. Visit www.sandyspringbank.com for more information.

 

CONTACT: Contact: Jen Schell 
301-570-8331
jschell@sandyspringbank.com