0000891554-01-505259.txt : 20011009 0000891554-01-505259.hdr.sgml : 20011009 ACCESSION NUMBER: 0000891554-01-505259 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010921 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20010927 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SANDY SPRING BANCORP INC CENTRAL INDEX KEY: 0000824410 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 520312970 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-19065 FILM NUMBER: 1745800 BUSINESS ADDRESS: STREET 1: 17801 GEORGIA AVE CITY: OLNEY STATE: MD ZIP: 20832 BUSINESS PHONE: 3017746400 MAIL ADDRESS: STREET 1: 17801 GEORGIA AVENUE CITY: OLNEY STATE: MD ZIP: 20832 8-K 1 edg1167.txt 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): September 21, 2001 SANDY SPRING BANCORP, INC. (Exact name of registrant as specified in its charter) Maryland 0-19065 52-1532952 -------- ------- ---------- (State or other jurisdiction of (Commission file number) IRS Employer incorporation or organization) Identification No.) 17801 GEORGIA AVENUE OLNEY, MARYLAND 20832 --------------------- (Address of principal executive offices) (Zip Code) (301) 774-6400 -------------- (Registrant's telephone number, including area code) N/A --- (Former Name or Former Address, if Changed Since Last Report) ITEM 5. Other Event SANDY SPRING NATIONAL BANK OF MARYLAND BECOMES STATE-CHARTERED INSTITUTION September 25, 2001 Sandy Spring National Bank of Maryland, a wholly-owned subsidiary of Sandy Spring Bancorp, Inc., announced today that its application to become a state-chartered trust company, filed on June 20, 2001, was recently approved by the Maryland State Commissioner of Financial Regulation. The bank commenced operations as Sandy Spring Bank, a state-chartered trust company, effective September 21, 2001. ITEM 7. Financial Statements and Exhibits. (c) Exhibit 99.1 -- Press Release dated September 25, 2001. SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. SANDY SPRING BANCORP, INC. (REGISTRANT) Dated: September 25, 2001 By: /s/ Hunter R. Hollar ------------------------------ Hunter R. Hollar President and CEO EXHIBIT INDEX Exhibit Number Description ------- ----------- 99.1 Press Release dated September 25, 2001. EX-99.1 3 oth1180.txt PRESS RELEASE [COMPANY LOGO] Press Release NASDAQ NATIONAL MARKET - SASR Web Site - www.ssnb.com FOR IMMEDIATE RELEASE SANDY SPRING BANK APPROVED FOR STATE CHARTER Olney, Maryland, September 25, 2001 -- Sandy Spring Bancorp (NASDAQ-SASR) announced today that the Maryland State Commissioner of Financial Regulation has approved the application of its wholly-owned subsidiary, Sandy Spring National Bank of Maryland, to be a state chartered trust company, to be known as Sandy Spring Bank. "The Bank will continue as a member of the Federal Reserve system and all deposits will remain FDIC insured," said President and Chief Executive Officer, Hunter R. Hollar. "The charter conversion will result in a meaningful reduction in supervisory costs. Recent changes in legislation have created parity between state chartered and national banks, permitting essentially the same range of activities for both types of institutions. As an independent community bank operating within Maryland, we believe the expense associated with a national charter is no longer warranted." About Sandy Spring Bancorp/Sandy Spring Bank With just under $2 billion in assets, Sandy Spring Bancorp is the holding company for Sandy Spring Bank and its principal subsidiaries, Sandy Spring Insurance Corporation and The Equipment Leasing Company. Sandy Spring Bancorp is the third 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 traces its origin to 1868 and offers a broad range of commercial banking, retail banking and trust services through 30 community offices and 46 ATMs located in Anne Arundel, Howard, Montgomery, and Prince George's counties in Maryland. Visit us at www.ssnb.com for our online banking products and services. For additional information or questions please contact: Hunter R. Hollar, President & Chief Executive Officer or Ronald E. Kuykendall, Secretary & General Counsel Sandy Spring Bancorp 17801 Georgia Avenue Olney, Maryland 20832 301-774-6400, 410-792-2450, 800-399-5919 E-mail: Hhollar@ssnb.com Rkuykendall@ssnb.com Web site: www.ssnb.com