Sandy Spring Bancorp, Inc.
Sandy Spring Bancorp, Inc. is the bank holding company for Sandy Spring Bank
(the "Bank"). The Company is registered as a bank holding company
pursuant to the Bank Holding Company Act of 1956, as amended (the "Holding
Company Act"). As such, the Company is subject to supervision and regulation
by the Board of Governors of the Federal Reserve System (the "Federal Reserve").
The Company began operating in 1988. Sandy Spring Bank traces its origin to
1868, making it among the oldest banking institutions in the region. The Bank
is independent, community oriented, and conducts a full-service commercial banking
business through 45 community offices located in Central Maryland, Northern
Virginia, and Washington D. C. The Bank is a state chartered bank subject to
supervision and regulation by the Federal Reserve and the State of Maryland.
The Bank's deposit accounts are insured by the Deposit Insurance Fund administered
by the Federal Deposit Insurance Corporation (the "FDIC") to the maximum
permitted by law. The Bank is a member of the Federal Reserve System and is
an Equal Housing Lender. The Company, the Bank, and its other subsidiaries are
Affirmative Action/Equal Opportunity Employers.
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