PENDING AQUISITION	9 Months Ended
Sep. 30, 2019
PENDING AQUISITION [Abstract]
Pending acquisition	Note 17 – PENDING AQUISITION On September 24, 2019, the Company and Revere Bank (“Revere”) entered into a definitive agreement for the Company to acquire the Maryland-based Revere. Under the terms of the agreement, Revere shareholders will receive 1.05 shares of Sandy Spring common stock for each share of Revere common stock. The transaction has a value of $460.7 million in the aggregate, based on Sandy Spring’s closing price of $35.33 on September 23, 2019. Upon closing, Sandy Spring shareholders will own approximately 74% of the combined company and Revere shareholders will own approximately 26% of the combined company. Completion of the transaction is subject to receipt of regulatory and shareholder approvals and satisfaction of customary closing conditions. As of June 30, 2019, Revere had more than $2.6 billion in assets and operated 11 full-service community banking offices throughout the Washington D.C. metropolitan region.

PENDING AQUISITION

9 Months Ended

Sep. 30, 2019

Note 17 – PENDING AQUISITION

On September 24, 2019, the Company and Revere Bank (“Revere”) entered into a definitive agreement for the Company to acquire the Maryland-based Revere.

Under the terms of the agreement, Revere shareholders will receive 1.05 shares of Sandy Spring common stock for each share of Revere common stock. The transaction has a value of $460.7 million in the aggregate, based on Sandy Spring’s closing price of $35.33 on September 23, 2019. Upon closing, Sandy Spring shareholders will own approximately 74% of the combined company and Revere shareholders will own approximately 26% of the combined company. Completion of the transaction is subject to receipt of regulatory and shareholder approvals and satisfaction of customary closing conditions.

As of June 30, 2019, Revere had more than $2.6 billion in assets and operated 11 full-service community banking offices throughout the Washington D.C. metropolitan region.