Sandy Spring Bancorp Increases Dividend to $0.16 Per Share
OLNEY, Md., April 25, 2013 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (SASR), (Nasdaq:SASR), the parent company of Sandy Spring Bank, announced that the board of directors declared a quarterly common stock dividend of $0.16 per share payable May 15, 2013 to shareholders of record on May 8, 2013. This dividend is an increase of $0.02 compared to the dividend paid in the first quarter of 2013 and is an increase of $0.04 compared to the dividend paid in the second quarter of 2012.
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.
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