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BUSINESS
By Laura Smitherman and Laura Smitherman,sun reporter | December 15, 2006
Sandy Spring Bancorp announced yesterday that it has agreed to acquire CN Bancorp Inc. for $44.1 million in cash and stock in an effort to expand the bank's presence in the Anne Arundel County market dominated by larger, out-of-state banks. Olney-based Sandy Spring has been expanding its footprint in the affluent suburbs of the Baltimore-Washington corridor. With the CN Bancorp deal, Sandy Spring picks up four County National Bank branches in Glen Burnie, Pasadena, Odenton and Millersville, and an administrative center.
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NEWS
By Jacques Kelly, The Baltimore Sun | December 27, 2013
Virginia Bates, a poet and artist who opposed the Vietnam War and was a founder of the Howard County Peace Action Community, died of complications from the flu Dec. 9 at Bridgepoint of Los Altos, an assisted-living facility in California. The former Woodbine resident was 88. Virginia Neumann was born in Baltimore. She was the daughter of William Neumann, a plumber, and Elinor Neumann, a homemaker. She was a 1942 graduate of Western High School and earned a degree in literature from Case-Western Reserve University in Cleveland.
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BUSINESS
By Laura Smitherman and Laura Smitherman,Sun reporter | October 18, 2006
First Mariner Bancorp and Sandy Spring Bancorp, two of Maryland's largest independent banks, reported slumping earnings yesterday as the housing market slowed demand for residential mortgages and development loans, and as interest rates remained at levels that make it harder for banks to profit. Baltimore-based First Mariner announced that its third-quarter net income declined 8 percent to $2 million, or 31 cents a share, from $2.2 million, or 34 cents a share, a year ago. Edwin F. Hale Sr., chairman and chief executive officer, blamed an "overall real estate slowdown" and noted that accruing loans that were 90 days or more past due jumped to $8 million from $1.3 million last year.
NEWS
November 18, 2013
Prince George's County police report violent crimes and property crimes. Prince George's County Larchdale Road, 13100 block, Nov. 10. Break-in report. Hunting Lane, 8800 block, Nov. 10. Theft. Blue Ponds Terrace, 12500 block, Nov. 9. Theft from auto. Larchdale Road, 13100 block, Nov. 8. Break-in report. Old Gunpowder Road, 15200 block, Nov. 8. Theft. Larchdale Road, 13200 block, Nov. 8. Theft. Bowie Road, 14800 block, Nov. 7. Robbery.
BUSINESS
By Hanah Cho and Hanah Cho,Sun reporter | October 12, 2006
Sandy Spring Bancorp of Olney said yesterday that it was entering the Virginia banking market with the acquisition of Potomac Bank in a deal worth $64.7 million. Sandy Spring's acquisition comes on the heels of a proposed acquisition of Mercantile Bankshares Corp. of Baltimore by a Pittsburgh bank as institutions seek to grow in an increasingly competitive market. After Mercantile's deal with PNC Financial is completed, Sandy Spring would become the second-largest, publicly traded independent bank based in Maryland.
BUSINESS
By Paul Adams and Paul Adams,SUN STAFF | July 16, 2004
Two Maryland community banks reported second-quarter earnings results yesterday, with Columbia Bancorp posting a 9.7 percent increase in net income and Olney-based Sandy Spring Bancorp recording a 27 percent decrease as low interest rates and a suffering securities portfolio sapped profits. Sandy Spring had net income of $6.4 million, or 43 cents per share, in the quarter that ended June 30, down from $8.7 million, or 60 cents per share, posted for second-quarter 2003. Year over year, deposits were up 6 percent to $1.7 billion and total assets climbed 2 percent to $2.4 billion.
BUSINESS
By Eileen Ambrose and Eileen Ambrose,SUN STAFF | January 15, 2003
Sandy Spring Bancorp reported record fourth-quarter earnings of $8.7 million yesterday, thanks partly to investment gains and fee income from its mortgage, trust and insurance business. That was up 45 percent from the $6 million the Olney holding company for Sandy Spring Bank earned in the same quarter of 2001. On a per share basis, Sandy Spring earned 59 cents for the quarter ended Dec. 31, compared with 41 cents a year earlier. Analysts had predicted the company would earn 51 cents.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | October 15, 2004
Sandy Spring Bancorp, which revealed this week that two top finance executives departed amid problems with its large securities portfolio, said yesterday that profit slipped 22 percent in the third quarter from a year earlier. The Olney-based company made $6.4 million, or 44 cents per diluted share, in the quarter that ended Sept. 30, compared with $8.2 million, or 56 cents per diluted share, in 2003's third quarter. Profit fell because of a sharp decline in gains on investment securities, a falloff in demand for mortgage refinancing and increasing competition from large banks that are soliciting Sandy Spring customers.
NEWS
By Alice Lukens and Alice Lukens,Sun Staff | November 8, 1999
As a reporter and editor for National Geographic magazine, Thomas Y. Canby traveled the world, visiting six of the seven continents and scribbling his observations in narrow reporter's notebooks that he stored in his back pocket.When he retired from the Geographic eight years ago, Canby cut back his traveling -- but not his penchant for scribbling. Instead of wandering the globe to find stories, he turned his attention to Sandy Spring, a Quaker stronghold in Montgomery County, where he grew up.Recently, Canby finished a pictorial history of Sandy Spring, "Sandy Spring Legacy," published by the town's historical museum.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | October 14, 2004
The chief executive of Maryland's third-largest independent banking company says it will refocus on making money from traditional banking activities, a day after the company disclosed two top finance executives had departed amid problems with its unusually large bond portfolio. Hunter R. Hollar, president and CEO of Sandy Spring Bancorp, said the company will look to increase loans and deposits and generate income from fees, with "less emphasis on the investment portfolio," and is committed to remaining independent.
BUSINESS
Lorraine Mirabella | October 4, 2013
If you are a furloughed government employee or member of the military who is struggling financially, Sandy Spring Bank is offering help. The bank  launched several programs Friday targeted at workers affected by the shutdown. "Because of our close proximity to Washington DC, a large number of our clients and local community members are feeling the effects of the government shutdown," said CEO Dan Schrider in the announcement. "We understand the gravity of this situation, and it is our goal to help all citizens, both existing clients and community members through this process.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | March 17, 2013
A decade ago, Maryland's three largest banks were based in Baltimore. Allfirst, the biggest with nearly $17 billion in assets, fell victim to a foreign-exchange trading scandal that resulted in the bank being sold to a New York institution. Out-of-state competitors bought out the other two several years later. Throughout that time, Sandy Spring Bank in Olney operated and grew in their shadow. Today, it's the largest bank headquartered in Maryland, with assets at nearly $4 billion as of the end of last year.
NEWS
By Joe Burris, The Baltimore Sun | September 13, 2012
Dan Schrider laughs heartily when he thinks back on it now. The morning he was to take the SAT, the then-Atholton High School student overslept. A student who, as he put it, was as focused on fun as he was on schoolwork, he didn't bother to reschedule the college entrance exam. It wasn't until the Fulton resident enrolled at Howard Community College - after hearing the detailed plans of classmates bound for four-year schools - that he began taking his education more seriously. Though he never earned a degree from HCC, Schrider credits his year-and-a-half stint there with helping him understand how far a quality education could take him. In fact, he says, it placed him on the road to becoming CEO of Olney-based Sandy Spring Bancorp, which according to NASDAQ is the largest publicly traded banking company headquartered and operating in Maryland.
NEWS
By Kevin Rector, The Baltimore Sun | June 14, 2012
At least seven people were arrested at the annual Starscape Festival at Fort Armistead Park last week on drug charges, Anne Arundel police announced Thursday. The June 9-10 event, in Baltimore near the Arundel line, consisted of an outdoor music festival and laser light show and attracted thousands of young revelers and dancers. The following seven people were arrested in the vicinity of the park by Anne Arundel police or Maryland Transportation Authority Police, who were working together on drug enforcement: Two men, James Donald Ruffin, 26, of Sandy Spring, Ga., and Jacob Asa Windeagle Ridgeway, 20, of Silver Spring, were each arrested and charged with possession, possession with intent to distribute and distributing LSD, police said.
NEWS
By Hanah Cho, The Baltimore Sun | March 21, 2012
Olney-based Sandy Spring Bancorp said Wednesday that it had received final regulatory approvals of its acquisition of CommerceFirst Bancorp in Annapolis. The stock-and-cash deal — which is valued at $25.4 million and still requires the approval of CommerceFirst shareholders — is expected to close in the second quarter. For Sandy Spring, the acquisition adds CommerceFirst's $205 million in total assets, $181 million in gross loans and $180 million in total deposits. It also expands Sandy Spring's footprint in Anne Arundel, Howard and Prince George's counties, where CommerceFirst Bank operates five branches.
BUSINESS
By Gus G. Sentementes, The Baltimore Sun | December 20, 2011
Sandy Spring Bancorp, an Olney-based banking company, said Tuesday it will buy CommerceFirst Bancorp of Annapolis in a cash and stock deal valued at $25.4 million. Both Sandy Spring, which has $3.6 billion in assets, and CommerceFirst, with $205 million in assets, trade on the Nasdaq stock market. CommerceFirst shareholders will be allowed to choose Sandy Spring common stock or cash, or a combination of both, the companies said. The transaction is expected to close in the second quarter of 2012.
NEWS
September 22, 2005
On Friday, September 16, 2005 SUSAN M. MANION Ph D., of Laurel MD and formerly of New Orleans, LA; loving partner of Deborah Rizzo and beloved friend of Katherine Hofmann; sister of William Manion. Dr Manion was a former Sister of Mercy, St. Louis Missouri Region. Friends may call at the Laurel Presbyterian Church, 7610 Old Sandy Spring Road, Laurel, MD 20707, on Friday, from 7 to 9 P.M. Mass of Christian burial will be offered on Saturday, September 24, at 1 P.M. at St. Louis Catholic Church, 12500 Clarksville Pike, Clarksville, MD. Entombment Glenn Eden Cemetery Mausoleum, Lavonia, MI. In lieu of flowers, memorial contributions may be made to the Sandy Spring Friends School, 16923 Norwood Road, Sandy Spring, MD 20860.
NEWS
October 22, 2006
On Monday, October 16, 2006, CAROLYN LOUISE SCOTT MOSLEY, age 99, beloved wife of the late Hezekiah Mosley, loving sister of Paul F. Scott and his wife Roberta Woodlon Scott, cherished aunt of Sandra S. Days and her husband John, Dr. Paul F. Scott, Jr., and his wife Ann, Michael P. Scott and Jonathan J. Scott, numerous great nieces and nephews, great-great nieces and nephews, cousins, friends and neighbors. Family hour will be held 11 A.M., Tuesday, October 24. Funeral will follow at 12 noon at the Sharp Street United Methodist Church, 1310 Olney - Sandy Spring Road, Sandy Spring, MD, 20860.
ENTERTAINMENT
By Richard Gorelick and The Baltimore Sun | August 29, 2011
John Lindner reviews Urban Bar-B-Que in Sandy Spring. That's near Olney, looks like. See if Lindner thinks this barbecue restaurant, the third in a group that also has locaitons in Silver Spring and Rockville, is worth the drive.
ENTERTAINMENT
By John Lindner, Special to The Baltimore Sun | August 28, 2011
Next time you're near Sandy Spring, check out Urban Bar-B-Que, 805 Olney Sandy Spring Road (Highway 108). It's that easy to recommend. If you look the place up online, you may be turned off by the redneck motif. Don't be. Urban's approach tips its hat and decor to that often-derided cohort, but they treat the style gently, with tongue in cheek. Everywhere you look in the dining room, you'll see details paying homage to redneckism. The Elvis painting, the camo hunter's cap, the framed tattoo designs and John Deere are all here.
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