ACQUISITION OF REVERE BANK	3 Months Ended
Mar. 31, 2020
Acquisition of Revere bank [Abstract]
Acquisition of Revere bank	Note 2 – Acquisition of revere bank On September 23, 2019, the Company and Revere Bank (“Revere”) entered into a definitive agreement for the Company to acquire the Maryland-based Revere. The acquisition of Revere was completed on April 1, 2020. With the completion of the merger, former Revere shareholders received 1.05 shares of the Sandy Spring common stock for each share of Revere common stock they held. Based on the $22.64 per share closing price of Sandy Spring common stock on March 31, 2020, the total transaction value is approximately $287 million. Upon completion of the acquisition, Sandy Spring shareholders owned approximately 74 percent of the combined company, and former Revere shareholders owned approximately 26 percent. As of March 31, 2020, Revere had more than $2.8 billion in assets and operated 11 full-service community banking offices throughout the Washington D.C. metropolitan region.

ACQUISITION OF REVERE BANK

3 Months Ended

Mar. 31, 2020

Acquisition of Revere bank [Abstract]

Note 2 – Acquisition of revere bank

On September 23, 2019, the Company and Revere Bank (“Revere”) entered into a definitive agreement for the Company to acquire the Maryland-based Revere. The acquisition of Revere was completed on April 1, 2020. With the completion of the merger, former Revere shareholders received 1.05 shares of the Sandy Spring common stock for each share of Revere common stock they held. Based on the $22.64 per share closing price of Sandy Spring common stock on March 31, 2020, the total transaction value is approximately $287 million. Upon completion of the acquisition, Sandy Spring shareholders owned approximately 74 percent of the combined company, and former Revere shareholders owned approximately 26 percent.

As of March 31, 2020, Revere had more than $2.8 billion in assets and operated 11 full-service community banking offices throughout the Washington D.C. metropolitan region.