Sandy Spring Bancorp Increases Quarterly Dividend to $0.14 Per Share
OLNEY, Md., Nov. 1, 2012 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (SASR), (Nasdaq:SASR), the parent company of Sandy Spring Bank, announced that the board of directors has declared a quarterly common stock dividend of $0.14 per share payable November 14, 2012 to shareholders of record on November 7, 2012. This dividend represents an increase of $0.02 to the dividend paid in the third quarter of 2012. With the payment of this dividend, the total dividend to shareholders year-to-date is $0.48 per share compared to $0.34 per share in 2011, an increase of $0.14 or 41.2%.
About Sandy Spring Bancorp, Inc. /Sandy Spring Bank
With $3.9 billion in assets, Sandy Spring Bancorp is the holding company for Sandy Spring Bank and its principal subsidiaries, Sandy Spring Insurance Corporation and West Financial Services, Inc. Sandy Spring Bancorp is the largest publicly traded banking company headquartered and operating in Maryland. Sandy Spring is a community banking organization that focuses its lending and other services on businesses and consumers in the local market area. Independent and community-oriented, Sandy Spring Bank was founded in 1868 and offers a broad range of commercial banking, retail banking and trust services through 49 community offices in Anne Arundel, Carroll, Frederick, Howard, Montgomery, and Prince George's counties in Maryland, and Arlington, Fairfax, and Loudoun counties in Virginia. Through its subsidiaries, Sandy Spring Bank also offers a comprehensive menu of insurance and wealth management services. Visit www.sandyspringbank.com for more information about Sandy Spring Bank.
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CONTACT: For additional information or questions, please contact: Daniel J. Schrider, President & Chief Executive Officer, or Philip J. Mantua, Executive V.P. & Chief Financial Officer Sandy Spring Bancorp 17801 Georgia Avenue Olney, Maryland 20832 1-800-399-5919 E-mail: DSchrider@sandyspringbank.com PMantua@sandyspringbank.com Web site: www.sandyspringbank.com