Sandy Spring Bancorp Increased Quarterly Dividend to $0.12 Per Share

Published on Thursday, 26 April 2012 09:29 Written by TradersHuddle Staff

OLNEY, Md., April 26, 2012 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc., (Nasdaq:SASR), the parent company of Sandy Spring Bank, announced that the board of directors has declared a quarterly common stock dividend of $0.12 per share payable May 16, 2012 to shareholders of record on May 9, 2012. This dividend represents a $0.02 per share increase over the dividend paid in the first quarter of 2012.

About Sandy Spring Bancorp, Inc. /Sandy Spring Bank

With $3.7 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 43 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 investment management services. Visit www.sandyspringbank.com to locate an ATM near you or for more information about Sandy Spring Bank.

The Sandy Spring Bancorp, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4138

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: 
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         Web site: www.sandyspringbank.com