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Sandy Spring Bancorp Announces 3rd Quarter Dividend.

OLNEY, Md., Aug. 28 /PRNewswire-FirstCall/ -- Sandy Spring Bancorp, Inc., the parent company of Sandy Spring Bank, announced that its Board of Directors has declared a regular quarterly dividend of $0.24 per share for the 3rd quarter of 2008. Compared to the 3rd quarter of 2007, this 3rd quarter dividend for 2008 represents an increase of $0.01 per share. Sandy Spring's annualized dividend yield is 5.30% (annualized 3rd Quarter Declared Dividend/Closing Stock Price reported on August 27, 2008). The dividend is payable on September 18, 2008 to shareholders of record as of the close of business on September 8, 2008.
 (Logo: http://www.newscom.com/cgi-bin/prnh/20010424/SSPRINGLOGO-a )

 About Sandy Spring Bancorp/Sandy Spring Bank



With $3.2 billion in assets, Sandy Spring Bancorp is the holding company for Sandy Spring Bank and its principal subsidiaries, Sandy Spring Insurance Corporation, The Equipment Leasing Company and West Financial Services, Inc. Sandy Spring Bancorp is the second largest publicly traded banking company headquartered 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 42 community offices in Anne Arundel, Carroll, Frederick, Howard, Montgomery, and Prince George's counties in Maryland, and in Fairfax and Loudoun counties in Virginia. Through its subsidiaries, Sandy Spring Bank also offers a comprehensive menu of leasing, insurance and investment management services. Visit http://www.sandyspringbank.com/ to locate an ATM near you or for more information about Sandy Spring Bank.

CONTACT: Hunter R. Hollar, Chief Executive Officer, HHollar@sandyspringbank.com, Daniel J. Schrider, President & Chief Revenue Officer, DSchrider@sandyspringbank.com, or Philip J. Mantua, Executive V.P. & Chief Financial Officer, PMantua@sandyspringbank.com, all of Sandy Spring Bancorp, Inc., +1-800-399-5919

Web site: http://www.sandyspringbank.com/
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Publication:PR Newswire
Date:Aug 28, 2008
Words:321
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