WASHINGTON, June 29, 2016 (GLOBE NEWSWIRE) -- Today Sandy Spring Bank celebrated its first Washington, D.C.,
branch with a ribbon cutting ceremony. Bank President and CEO, Daniel Schrider, and Executive Vice President for Commercial
and Retail Banking, Jay O’Brien, presided over the occasion. Margaret Singleton, Interim President and CEO of the D.C. Chamber of
Commerce; and Neil Albert, Executive Director of the DowntownDC Business Improvement District (BID), also participated in the event
and voiced their support for the bank’s expansion into D.C.
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/38984835-2ecc-45d6-a612-03b880ee4c77
With the opening of the new Penn Quarter office earlier this year at 1299 Pennsylvania Avenue, NW, the bank operates 45 branches
and six financial centers across Maryland, Northern Virginia and Washington, D.C. While the bank’s first D.C. office is an
important milestone in its nearly 150-year history, the bank has been serving clients and businesses in the district for
decades.
“Since we opened our doors in D.C., we have received a tremendous amount of support from our clients, the business community,
and the D.C. government,” said Dan Schrider. “We look forward to continuing to work together to promote economic growth and
stability in this market, not only through our comprehensive product and service offerings, but also through our robust community
service and financial literacy efforts.”
The new branch features an open layout that is free of the traditional teller line. Universal Bankers provide consultative
support and help connect clients to a range of valuable services, including mortgage, insurance, commercial banking, trust and
investment services, and more. Clients can conveniently deposit cash and checks using an image enabled ATM, and complimentary
meeting spaces are available for public use. In an effort to best meet the needs of the D.C community, members of the bank’s
Mortgage, Business Banking and Trust teams are also onsite in the new branch.
In recognition of the new Penn Quarter community office, the bank presented a donation to Students Organized to Understand
Leadership (SOUL). This non-profit works with DC Public Schools and other community groups to provide disadvantaged youth
with academic, athletic, character, and professional enrichment opportunities. The donation will award college book
scholarships to four high school seniors who participate in SOUL’s “Graduate with a Plan” program.
As a community bank with deep local roots, Sandy Spring Bank is committed to improving the communities it serves. Last year the
bank supported more than 300 non-profits across the region, and employees volunteered thousands of service hours. Recognizing the
important role of financial literacy and community education, the bank facilitates more than 100 educational opportunities for its
clients and the community each year. From seminars for first-time homebuyers, to roundtable discussions with the bank’s Trust and
Private Banking experts, Sandy Spring is committed to equipping individuals with the knowledge they need to make informed financial
decisions.
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 $4.7 billion in assets, the bank operates 45 community offices and six financial centers
across the region. Visit www.sandyspringbank.com for more information.
Member FDIC. An Equal Housing Lender.
Contact: Jen Schell 240-755-7834 jschell@sandyspringbank.com
