OLNEY, Md., Dec. 13, 2018 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc., (Nasdaq- SASR), the parent company of
Sandy Spring Bank, today announced that the Company’s board of directors has authorized the repurchase of up to 1,800,000 shares of
the Company'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 Bank
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. Visit www.sandyspringbank.com for more information.
For additional information or questions, please contact:
Daniel J. Schrider, President & Chief Executive Officer, or
Philip J. Mantua, Executive Vice President & Chief Financial Officer
Sandy Spring Bancorp
17801 Georgia Avenue
Olney, Maryland 20832
1-800-399-5919
E-mail: DSchrider@sandyspringbank.com
PMantua@sandyspringbank.com
Website: www.sandyspringbank.com
Media Contact:
Jen Schell
Sandy Spring Bank
301-570-8331
JSchell@sandyspringbank.com
Forward-Looking Statements
Sandy Spring Bancorp makes forward-looking statements in this news release. These forward-looking statements may
include: statements of goals, intentions, earnings expectations, and other expectations; estimates of risks and of future costs and
benefits; assessments of probable loan and lease losses; assessments of market risk; and statements of the ability to achieve
financial and other goals.
Forward-looking statements are typically identified by words such as “believe,” “expect,” “anticipate,”
“intend,” “outlook,” “estimate,” “forecast,” “project” and other similar words and expressions. Forward-looking statements are
subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the
date they are made. Sandy Spring Bancorp does not assume any duty and does not undertake to update its forward-looking statements.
Because forward-looking statements are subject to assumptions and uncertainties, actual results or future events could differ,
possibly materially, from those that Sandy Spring Bancorp anticipated in its forward-looking statements and future results could
differ materially from historical performance.
Sandy Spring Bancorp’s forward-looking statements are subject to the following principal risks and
uncertainties: 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’s loan or investment portfolios;
changes in competitive pressures among financial institutions or from non-financial institutions; the Company’s ability to retain
key members of management; changes in legislation, regulations, and policies; 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, 2017 including in the Risk Factors section of that report, and in its other SEC
reports. Sandy Spring Bancorp’s 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’s Web site at www.sec.gov.