{"id":401616,"date":"2020-12-17T07:03:25","date_gmt":"2020-12-17T12:03:25","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=401616"},"modified":"2020-12-17T07:03:25","modified_gmt":"2020-12-17T12:03:25","slug":"sandy-spring-bancorp-announces-stock-repurchase-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sandy-spring-bancorp-announces-stock-repurchase-program\/","title":{"rendered":"Sandy Spring Bancorp Announces Stock Repurchase Program"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">OLNEY, Md., Dec.  17, 2020  (GLOBE NEWSWIRE) &#8212; Sandy Spring Bancorp, Inc., (Nasdaq- SASR), the parent company of Sandy Spring Bank, today announced that the Company\u2019s board of directors has authorized the repurchase of up to 2,350,000 shares of the Company&#8217;s common stock, or approximately 5% of currently outstanding shares. Repurchases, which will be conducted through open market purchases or privately negotiated transactions, will be made from time to time depending on market conditions and other factors.<\/p>\n<p>\n        <strong>About Sandy Spring Bancorp, Inc. \/ Sandy Spring Bank<br \/><\/strong>Sandy Spring Bancorp, Inc., headquartered in Olney, Maryland, is the holding company for Sandy Spring Bank, a premier community bank in the Greater Washington, D.C. region. With\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=5GK5Yf73T3lmdTj29vumbwgnka23J7BYkYz9oKcFG6QnhDFzJeTarv0AMHtTFtCQcyClEtp0RpyaKz4BRmP0nMAzD2ewKcPSI-Xee_CacrE=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">over 65 locations<\/a>, the bank offers a broad range of\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=H-tuiifFqona7WKVIMNur9wm6piUSiFFH2OayY1dxptPKRvDv8A7DAvCY7k7YaCmy1cn2_zg_CNBQ8hdsWqpg3qMOYM_v62ZVawDtRZ9HB4=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">commercial<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=0oooJzpyjJqOfA0eHLWeFLRpWUZ8IdH-BSLooIV699YpoABpy6AQ_PyBKFN9u9OP5UxnIP5fPgDfa2kdkUBzKlalePuAYMfCoefRu8H6H-A=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">retail banking<\/a>,\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=H4Ep6kXKP4SL9XtxTOOXUlyKSXA6M7nPSVZK_N7mlP1064FlXTnq8dxN56dosy6AbchfXZ0yAbnmwSKbExcBeQIKvSD3r9UEXTxUjxn9PRLs3ynTzrQszgB5TB3xRxcE\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">mortgage<\/a>,\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=28ecsrLYi-_7UUJ3CtuQfD79PW7lfBMIWNSivcbAgda0dIzM80_8i7cmdgIEXp5yihwpPvJGBU3aFHeMlHLbosb3kADiJj__iN-cZkFl3CqpV_oGdf30l1xjIvzgpPuU\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">private banking<\/a>, and\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=K2xmonW1MxMv1SE778v7vux_eOw5V4P5y3CB0HOVsRRiWCqdPyP0DO5CaOtYIvIh7KAuGLHzRcHA8NTI6Nz7QjlKdE__ZXu-2jx-c-hK0Aw=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">trust<\/a>\u00a0services throughout Maryland, Northern Virginia, and Washington, D.C. Through its subsidiaries,\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=acjcu9Wor3z8V1H_YeeGJW8d44oeFht81xkQm4MNYNpxo441UyRBgxUO-399aKZQ6TatABybIotYX1QVxsdgNUY767bcQUzSA7KmsqTNVqs=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Rembert Pendleton Jackson<\/a>,\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=afc9V8lJ5bq-5k6sTIOMmxzeduTjvQ0iR5dYfNHSe-5dThAkMH8JEcQfXMGQC7KGZ9YM4EhbA7NfMZa5WYvd2GqlZxlvCH7JWC0M6enmgDBH-YC_D1CXbA12EQ83ILCva85bB7xLbBiQCKncHbCbazT9bREFcz0BskI8Hr6tvdAUlQ3O5Qk9JrCdHQc8SZir\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Sandy Spring Insurance Corporation<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=41dGmXTAWibOpZ3IfIu1ALKw0KenT8_3dJpwWARZrikRdDuixo-e_Dsze_JQMs00qTJXSHDDh_8KbzieXgH09Mufj8vgnPXNUCqn5xQ1_jJQW-xi5CGe817ZUACyTon5\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">West Financial Services, Inc.<\/a>, Sandy Spring Bank also offers a comprehensive menu of\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=wMKbkq-xlAIPdjleYnNpoAiB62Qm3NpqG2DvdcmcoVuMWSHWvW1xe4Wan7idCaw4qqLa_uDZLwIGmbhHvsOC5feWarRVxBQQi5hqjUHxHZTm_h6V7VCrb9MNk45uz9dP6K_MEaO7o2XXHrwqh9aLnQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">insurance<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=6zqR3o779tGBEoY2ATqO52J0rVPv3s1UcB_sqMXPOaJ2gAX_9bKoLD_-ACCxZhik3I4C3w_Wuq2avzUG_LDmZXxt0PKDUFNX6XMKlHzhmHI=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">wealth management services<\/a>.<\/p>\n<p>For additional information or questions, please contact:<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Daniel J. Schrider, President &amp; Chief Executive Officer, or<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Philip J. Mantua, Executive Vice President &amp; Chief Financial Officer<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Sandy Spring Bancorp<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a017801 Georgia Avenue<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Olney, Maryland 20832<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01-800-399-5919<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0E-mail:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0DSchrider@sandyspringbank.com<br \/>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 PMantua@sandyspringbank.com<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/>Website: <em><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9L4IQMKPQQHqsGpfuw6Ydj3j3iz36bLDzIMrv3QhM79H9GJFNbqdXUPBJZQ3rVvR8E0nl9eJkKxgAw_RmGCLW5b_0M-tH6Wja0uQ5fyHsxI=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.sandyspringbank.com<\/a><\/em><\/p>\n<p>Media Contact:<br \/>Sam Price<br \/>Vice President, Marketing<br \/>Sandy Spring Bank<br \/>301.260.3614<br \/>sprice@sandyspringbank.com<\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">Sandy Spring Bancorp\u2019s forward-looking statements are subject to the following principal risks and uncertainties: risks, uncertainties and other factors relating to the COVID-19 pandemic, including the length of time that the pandemic continues, the imposition or re-imposition of stay-at-home orders and restrictions on business activities or travel\u037e the effect of the pandemic on the general economy and on the businesses of our borrowers and their ability to make payments on their obligations; the remedial actions and stimulus measures adopted by federal, state and local governments; the inability of employees to work due to illness, quarantine, or government mandates; general economic conditions and trends, either nationally or locally; conditions in the securities markets; changes in interest rates; changes in deposit flows, and in the demand for deposit, loan, and investment products and other financial services; changes in real estate values; changes in the quality or composition of the Company\u2019s loan or investment portfolios; changes in competitive pressures among financial institutions or from non-financial institutions; the Company\u2019s ability to retain key members of management; changes in legislation, regulations, and policies; the possibility that any of the anticipated benefits of acquisitions will not be realized or will not be realized within the expected time period; and a variety of other matters which, by their nature, are subject to significant uncertainties. Sandy Spring Bancorp provides greater detail regarding some of these factors in its Form 10-K for the year ended December 31, 2019, including in the Risk Factors section of that report, and in its other SEC reports. Sandy Spring Bancorp\u2019s forward-looking statements may also be subject to other risks and uncertainties, including those that it may discuss elsewhere in this news release or in its filings with the SEC, accessible on the SEC\u2019s Web site at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9BMfw6gRG8p1zvjQgm3kD0_zyMx5LKC4Op0-RxkeBlXN8KaRmsgKI8ka7t0i-8ZkwSOapMd3FgpRr4ekUb1v8A==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.sec.gov<\/u><\/a>.<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExMzcyNSMzODg1Njc0IzIwMjA4NDA=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/04609fa0-a484-420e-8d17-fe8f7b99633f\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>OLNEY, Md., Dec. 17, 2020 (GLOBE NEWSWIRE) &#8212; Sandy Spring Bancorp, Inc., (Nasdaq- SASR), the parent company of Sandy Spring Bank, today announced that the Company\u2019s board of directors has authorized the repurchase of up to 2,350,000 shares of the Company&#8217;s common stock, or approximately 5% of currently outstanding shares. Repurchases, which will be conducted through open market purchases or privately negotiated transactions, will be made from time to time depending on market conditions and other factors. About Sandy Spring Bancorp, Inc. \/ Sandy Spring BankSandy Spring Bancorp, Inc., headquartered in Olney, Maryland, is the holding company for Sandy Spring Bank, a premier community bank in the Greater Washington, D.C. region. With\u00a0over 65 locations, the bank offers a broad range &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sandy-spring-bancorp-announces-stock-repurchase-program\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Sandy Spring Bancorp Announces Stock Repurchase Program&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-401616","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sandy Spring Bancorp Announces Stock Repurchase Program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sandy-spring-bancorp-announces-stock-repurchase-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sandy Spring Bancorp Announces Stock Repurchase Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"OLNEY, Md., Dec. 17, 2020 (GLOBE NEWSWIRE) &#8212; Sandy Spring Bancorp, Inc., (Nasdaq- SASR), the parent company of Sandy Spring Bank, today announced that the Company\u2019s board of directors has authorized the repurchase of up to 2,350,000 shares of the Company&#8217;s common stock, or approximately 5% of currently outstanding shares. Repurchases, which will be conducted through open market purchases or privately negotiated transactions, will be made from time to time depending on market conditions and other factors. About Sandy Spring Bancorp, Inc. \/ Sandy Spring BankSandy Spring Bancorp, Inc., headquartered in Olney, Maryland, is the holding company for Sandy Spring Bank, a premier community bank in the Greater Washington, D.C. region. With\u00a0over 65 locations, the bank offers a broad range &hellip; Continue reading &quot;Sandy Spring Bancorp Announces Stock Repurchase Program&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/sandy-spring-bancorp-announces-stock-repurchase-program\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-17T12:03:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExMzcyNSMzODg1Njc0IzIwMjA4NDA=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sandy-spring-bancorp-announces-stock-repurchase-program\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sandy-spring-bancorp-announces-stock-repurchase-program\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Sandy Spring Bancorp Announces Stock Repurchase Program\",\"datePublished\":\"2020-12-17T12:03:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sandy-spring-bancorp-announces-stock-repurchase-program\\\/\"},\"wordCount\":532,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sandy-spring-bancorp-announces-stock-repurchase-program\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODExMzcyNSMzODg1Njc0IzIwMjA4NDA=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sandy-spring-bancorp-announces-stock-repurchase-program\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sandy-spring-bancorp-announces-stock-repurchase-program\\\/\",\"name\":\"Sandy Spring Bancorp Announces Stock Repurchase Program - 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Repurchases, which will be conducted through open market purchases or privately negotiated transactions, will be made from time to time depending on market conditions and other factors. About Sandy Spring Bancorp, Inc. \/ Sandy Spring BankSandy Spring Bancorp, Inc., headquartered in Olney, Maryland, is the holding company for Sandy Spring Bank, a premier community bank in the Greater Washington, D.C. region. With\u00a0over 65 locations, the bank offers a broad range &hellip; Continue reading \"Sandy Spring Bancorp Announces Stock Repurchase Program\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/sandy-spring-bancorp-announces-stock-repurchase-program\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-17T12:03:25+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExMzcyNSMzODg1Njc0IzIwMjA4NDA=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sandy-spring-bancorp-announces-stock-repurchase-program\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sandy-spring-bancorp-announces-stock-repurchase-program\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Sandy Spring Bancorp Announces Stock Repurchase Program","datePublished":"2020-12-17T12:03:25+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sandy-spring-bancorp-announces-stock-repurchase-program\/"},"wordCount":532,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sandy-spring-bancorp-announces-stock-repurchase-program\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExMzcyNSMzODg1Njc0IzIwMjA4NDA=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sandy-spring-bancorp-announces-stock-repurchase-program\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/sandy-spring-bancorp-announces-stock-repurchase-program\/","name":"Sandy Spring Bancorp Announces Stock Repurchase Program - 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