Sandy Spring Bancorp, Inc. (NASDAQ: SASR) was founded in 1868 and is headquartered in Olney, Maryland, USA. It has 932 full-time employees. It is a bank holding company. Through controlling Sandy Spring Bank, it is Individuals and businesses in the Virginia and Washington DC markets provide commercial and retail banking services.
Sandy Spring Bancorp (SASR):
Sandy Spring Bank is divided into three departments to operate: Community Banking (community bank), Insurance (insurance), and Investment Management (investment management).
- Community Banking -through Sandy Spring Bank to provide individuals and businesses with financial products and services, including various loans and deposit products. Its deposit products include on-demand accounts, money market savings, time savings and time deposits. The loan portfolio includes residential real estate loans; commercial real estate loans, commercial construction loans, leases and other commercial loans; consumer loans include housing loans and loans, installment loans and personal credit lines.
- Insurance -Provide general insurance agency services and annuities through Sandy Spring Insurance.
- Investment Management -through West Financial Services to provide individuals, families, small businesses and associations with comprehensive investment management and financial planning, including cash flow analysis, investment review, tax planning, retirement planning, insurance analysis and real estate planning. Sandy Spring Bancorp, Inc. also provides trust services.
As of December 31, 2018, Sandy Spring Bancorp, Inc. had 55 community banks and 6 financial centers.