Sandy Spring Bancorp / SASR
About Sandy Spring Bancorp
17801 Georgia Ave., Olney, Md. 20832
www.sandyspringbank.com
| 301-774-6400
| Founded: 1868
Industry: Banking | Category: Banks
Sandy Spring Bancorp, a bank holding company, is the parent of Sandy Spring Bank and three subsidiaries: Sandy Spring Insurance, Equipment Leasing and West Financial Services. The bank, which has 42 branches in suburban Maryland and Northern Virginia, spent much of 2007 digesting a pair of recent bank acquisitions. By year-end, the uncertain economy forced the company to impose a hiring freeze, cut discretionary expenses and reduce employee benefits.
President and CEO: Dan Schrider
CFO: Phil Mantua
2007 Financial Data
Net Income: $32,262,000Asssets: $3,043,953,000 | Earnings Per Share: $2.01
Stockholder Equity: $315,640,000 | Annual Dividend: $0.92
Total employees: 748 | Local employees: 748
Company Leadership
| Mark E. Friis | Director |
| Susan D. Goff | Director |
| Solomon Graham | Director |
| Marshall H. Groom | Director |
| Gilbert L. Hardesty | Director |
| Hunter R. Hollar | Chairman and Chief Executive Officer |
| Pamela A. Little | Independent Director |
| Charles F. Mess | Director |
| Robert L. Orndorff Jr. | Director |
| David E. Rippeon | Director |
| Craig Ruppert | Director |
| Lewis R. Schumann | Director |
Source: Compensation data provided by Equilar, Inc..
Did You Know
FRIENDS INDEED: Sandy Spring was established in 1868 by Quaker farmers who wanted to pool their savings to make home loans to neighbors. The first day of deposits totaled $383.
