-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FBvqiWQ9iu/9olRturhVhYQNdF19wpY/IrElgJ9l4WzL4tja68HSaEfQmcz3a6pk LxLF0ols9Jx6R6gJPS/gKQ== 0000909654-10-000138.txt : 20100323 0000909654-10-000138.hdr.sgml : 20100323 20100323161551 ACCESSION NUMBER: 0000909654-10-000138 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100323 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100323 DATE AS OF CHANGE: 20100323 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: 10699501 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 sandyspring8kmar23-10.htm SANDY SPRING FORM 8-K sandyspring8kmar23-10.htm
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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):  March 23, 2010

SANDY SPRING BANCORP, INC.
(Exact name of registrant as specified in its charter)


Maryland
  
000-19065
  
52-1532952
(State or other jurisdiction
of incorporation)
  
(Commission File Number)
  
(IRS Employer
Identification No.)
 
 
17801 Georgia Avenue, Olney, Maryland  20832
(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code:  (301) 774-6400

Not Applicable
(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


 
 
 
 

Item 8.01                      Other Events.
  
On March 23, 2010, Sandy Spring Bancorp, Inc. (the “Company”) announced the closing of its previously announced underwritten public offering of 7,475,000 shares of its common stock at a public offering price of $13.50 per share. 

The press release announcing the completion of the stock offering is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01   Financial Statements and Exhibits.
 
Exhibits

Number                      Description

99.1                      Press Release dated March 23, 2010


 
2 
 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
SANDY SPRING BANCORP, INC.
(Registrant)
  
       
Date March 23, 2010
By:
/s/ Daniel J. Schrider  
    Name Daniel J. Schrider  
    Title President and Chief Executive Officer  
       


 
 
 EX-99.1 2 sandyspringexb99mar23-10.htm PRESS RELEASE sandyspringexb99mar23-10.htm
EXHIBIT 99.1

For Immediate Release

Sandy Spring Bancorp Closes $101 Million Stock Offering

OLNEY, MD, March 23, 2010 -- Sandy Spring Bancorp, Inc. (NASDAQ: SASR), announced today the closing of its previously announced public offering of 7,475,000 shares of its common stock at $13.50 per share, for gross proceeds of approximately $101 million.  The number of shares sold includes 975,000 shares pursuant to the exercise of the underwriters' over-allotment option.  The net proceeds of the offering after deducting underwriting discounts and commissions and estimated offering expenses are expected to be approximately $96 million.
  
Robert W. Baird & Co. Incorporated acted as sole book-running manager for the offering and Janney Montgomery Scott LLC acted as co-manager. 
 
Sandy Spring has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates.  These documents may be obtained without charge on the SEC website at www.sec.gov.  Alternatively, copies of the prospectus supplement and the prospectus relating to the offering may be obtained from Robert W. Baird & Co. Incorporated, 777 East Wisconsin Avenue, Galleria Level, Milwaukee, Wisconsin 53202-5391, or by calling 1-800-792-2413.
 
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
 
About Sandy Spring Bancorp/Sandy Spring Bank

With $3.6 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 Company and West Financial Services, Inc.  Sandy Spring Bancorp is the largest publicly traded banking company headquartered and operating 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 43 community offices in Anne Arundel, Carroll, Frederick, Howard, Montgomery, and Prince George's counties in Maryland, and Fairfax and Loudoun counties in Virg inia.  Through its subsidiaries, Sandy Spring Bank also offers a comprehensive menu of leasing, insurance, and investment management services.
 
 


 
 
 

Forward-Looking Statements

This news release may contain statements relating to future events or future results of the Company that are considered “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by the use of words such as “believe,” “expect,” “anticipate,”  “plan,” “estimate,” “intend” and “potential,” or words of similar meaning, or future or conditional verbs such as “should,” “could,” or “may.”  Forward-looking statements reflect our expectation or prediction of future conditions, events or results based on information currently available.  These forward-looking statements are subject to significant ri sks and uncertainties that may cause actual results to differ materially from those in such statements.  These risk and uncertainties include, but are not limited to, the risks identified in our Annual Report on Form 10-K for the year ended December 31, 2009, including in the Risk Factors section of that report, and in other reports that we file with the SEC.  Forward-looking statements speak only as of the date they are made.  We do not undertake to update forward-looking statements to reflect circumstances or events that occur after such date or to reflect the occurrence of unanticipated events except as required by federal securities laws.

Contact:

          Sandy Spring Bancorp
          Daniel J. Schrider, President
           & Chief Executive Officer
            DSchrider@sandyspringbank.com
 
          Philip J. Mantua, Executive V.P. &
           Chief Financial Officer
            PMantua@sandyspringbank.com
 
          1-800-399-5919
          www.sandyspringbank.com
          17801 Georgia Avenue
          Olney, Maryland 20832
 
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