Sandy Spring Bank - M&A Summary and Business Overview

Financial ServicesCompany

Sandy Spring Bank M&A Summary

Sandy Spring Bank has acquired 6 companies, including 2 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

Sandy Spring Bank’s largest acquisition to date was in 2019, when it acquired Revere Bank for $461M. Sandy Spring Bank has acquired in 2 different US states. The Company’s most targeted sectors include financial services (100%).

Sandy Spring Bank Business Overview

Where is Sandy Spring Bank headquartered?

Sandy Spring Bank is headquartered in Olney, Maryland.

What is Sandy Spring Bank’s revenue?

Sandy Spring Bank disclosed revenue of 419M USD for 2023 and 495M USD for 2022.

How many employees does Sandy Spring Bank have?

Sandy Spring Bank has 1,084 employees.

What sector is Sandy Spring Bank in?

Sandy Spring Bank is a financial services company.

When was Sandy Spring Bank founded?

Sandy Spring Bank was founded in 1868.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity6
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 5

Sandy Spring Bank

Sandy Spring Bancorp, Inc.

17801 Georgia Avenue,
Olney, Maryland 20832
United States,
(301) 774-6400
www.sandyspringbank.com

Sandy Spring Bank is a provider of financial services to individuals and companies in US. Sandy Spring Bank was founded in 1868 and is based in Olney, Maryland.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 6 - - - - - 6
vol $596M $596M
Sell (0.2/yr) # - - - 1 - - 1
  7

Most Recent M&A

Company Date Value Type
Sandy Spring Insurance Corp. 2022-06-02 - Divestiture
Annapolis, Maryland · www.sandyspringbank.com/insurance/
Rembert Pendleton Jackson 2019-11-06 - Add-on Acquisition
Falls Church, Virginia · www.rpjadvisors.com
Revere Bank 2019-09-24 461M USD Add-on Acquisition
Rockville, Maryland · www.reverebank.com
WashingtonFirst Bankshares, Inc. 2017-11-22 - Add-on Acquisition
Reston, Virginia · www.wfbi.com
CommerceFirst Bancorp, Inc. 2012-05-31 25M USD Add-on Acquisition
Annapolis, Maryland
CN Bancorp, Inc. 2007-06-01 44M USD Add-on Acquisition
Glen Burnie, Maryland
Potomac Bank of Virginia 2007-02-16 66M USD Add-on Acquisition
Vienna, Virginia
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 6 (100%) 596M (100%) - -
Insurance - - 1 (100%) -
Total 6 $596M 1 -

By Geo

State/Country Buy Value Sell Value
United States 6 596M 1 -
  Maryland 3 530M 1 -
  Virginia 3 66M - -
Total 6 $596M 1 -

Top M&A Advisors

Financial Deals
Baird
 2
Boenning & Scattergood
 1
The Kafafian Group
 1
Legal Deals
Dickstein Shapiro
 2
Kilpatrick Townsend & Stockton
 1

Deal Values

buy # Total
$100M to $1B 1 $461M
< $100M 3 $136M
TOTAL $596M
Largest Revere Bank
$461M (2019-09-24)

M&A Connections

Deals
Acquired from
Investor(s)
17%
1 (17%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Financial Services

Revenue

419   16% 2023
495   6% 2022
524   14% 2021
463   38% 2020
337   5% 2019
321   46% 2018
220   10% 2017
201   2016
(millions of USD) Show More Show Less

Employees

1,084

Established

1868

Public

NASDAQ: SASR

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Maryland Companies , Financial Services Companies , United States Companies , Maryland Financial Services Companies , Maryland Financial Services with Acquisitions , Maryland Financial Services with Divestitures

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