10-Q/A

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549


                                    FORM 10-Q/A

(X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934

For the quarterly period ended September 30, 1994
                               ------------------

                                       OR

() TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934

For the transition period from                         to
                              -----------------------    ----------------------


Commission File Number: O-19065
                        -------


                           Sandy Spring Bancorp, Inc.
-------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


                Maryland                               52-1532952
        ------------------------         ---------------------------------------
        (State of incorporation)         (I.R.S. Employer Identification Number)


17801 Georgia Avenue, Olney, Maryland         20832             301-774-6400
-------------------------------------         ------            --------------
    (Address of principal office)          (Zip Code)        (Telephone Number)


     Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
filing requirements for the past 90 days.
YES    X      NO
    -------      -------

     The number of shares of common stock outstanding as of October 21, 1994 is
2,130,869 shares.




SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this quarterly report to be signed on its behalf by
the undersigned, thereunto duly authorized.

SANDY SPRING BANCORP, INC.
(Registrant)




By: /s/ Hunter R. Hollar
    ------------------------------------------------
    Hunter R. Hollar
    President and Chief Executive Officer


  Date: January 11, 1995




By: /s/ Thomas O. Keech
    ------------------------------------------------
    Thomas O. Keech
    Vice President and Treasurer


  Date: January 11, 1995



                                       11

EX-27

 


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