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 annualized

Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. 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 Equipment Leasing is a financing option to lease equipment for a certain amount of time. Leasing Benefits

Control secondary market, offer the ability to up-grade and trade-in.
Converts cash buyers of small machines to larger, more expensive purchases.

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 This is a list of the twenty-four counties and county-equivalents in the U.S. state of Maryland. Though an independent city rather than a county, the City of Baltimore is considered the equal of a county for most purposes and is a county-equivalent. , and in Fairfax and Loudoun counties in Virginia The Commonwealth of Virginia is divided into 95 counties and 39 independent cities, which are considered county-equivalents for census purposes. Note that the map in this article, taken from the official United States Census Bureau site, includes Clifton Forge as an independent city. . 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 Mantua (măn`ch

ə, –t

ə), Ital. Mantova, city (1991 pop. 53,065), capital of Mantova prov. , 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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