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