0001144204-11-038348.txt : 20110630 0001144204-11-038348.hdr.sgml : 20110630 20110630093658 ACCESSION NUMBER: 0001144204-11-038348 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20110629 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110630 DATE AS OF CHANGE: 20110630 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: 11940702 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 v227403_8k.htm Unassociated Document
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):  June 29, 2011

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:

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

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

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 

 

Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Mr. Robert E. Henel, Jr. was elected a director of Sandy Spring Bancorp, Inc. (the “Company”) at the regular meeting of the board of directors on June 29, 2011.  Mr. Henel was appointed to the Credit and Investment Risk Committee and the Audit Committee.

Mr. Henel, age 63, is the former President and Chief Executive Officer of Annapolis Banking & Trust Company and a former Regional President for PNC Bank.

The Company issued a news release announcing the appointment of Mr. Henel on June 30, 2011.  A  copy of the news release is included as Exhibit 99.1 to this report and is incorporated herein by reference.


Item 9.01 
Financial Statements and Exhibits.
 
Exhibits

Number
Description

99.1
Press Release dated June 30, 2011
 
 
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:  June 30, 2011
By:
/s/ Ronald E. Kuykendall
 
    Ronald E. Kuykendall   
    General Counsel and Secretary  
 
 
3

 
EX-99.1 2 v227403_ex99-1.htm Unassociated Document
NEWS RELEASE

FOR IMMEDIATE RELEASE                                                                                                           

SANDY SPRING BANCORP ELECTS ROBERT E. HENEL, JR.
TO ITS BOARD OF DIRECTORS
 
OLNEY, MARYLAND, June 30, 2011 — Sandy Spring Bancorp, Inc., (Nasdaq: SASR) the parent company of Sandy Spring Bank, today announced the election of Robert E. Henel, Jr., to its board of directors on June 29, 2011.  Henel, 63, is the former Regional President of PNC Bank for the Annapolis and Anne Arundel County Region having previously served as the Chairman, President and CEO of Annapolis Banking & Trust Company, an affiliate of Mercantile Bankshares Corp., for 16 years.
 
“We could not be more pleased to have someone with Bob’s experience in the industry and reputation in the community on our board.  It’s a perfect fit,” said Daniel J. Schrider, President and CEO.  “The greater Annapolis market is very important to us, and there are few who understand banking in that market as well as Bob.”
 
In addition to 39 years in the banking industry, Henel is a past chairman of the board of trustees for the Anne Arundel Health System, and a past chairman of the Anne Arundel Medical Center Foundation. He has served numerous community, civic, and industry organizations such as Annapolis & Anne Arundel County Chamber of Commerce, Annapolis Life Care, Historic Annapolis Foundation, and the Maryland Bankers Association.
 
"Bob will make an outstanding addition to our board,” said Robert L. Orndorff, Chairman of the Board.  “He represents community banking at its best, and that is what Sandy Spring Bank endeavors to bring to each of the communities we serve throughout central Maryland and Northern Virginia.”
 
Henel will serve on the board’s Audit Committee and Credit & Investment Risk Committee.  He will also assume the position of chairman of the Chesapeake Region Advisory Board for Sandy Spring Bank.
 
About Sandy Spring Bancorp, Inc./Sandy Spring Bank
 
With $3.5 billion in assets, Sandy Spring Bancorp, Inc. is the holding company for Sandy Spring Bank and its principal subsidiaries, Sandy Spring Insurance Corporation and West Financial Services, Inc. Sandy Spring Bancorp is the oldest and 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 in Fairfax and Loudoun counties in Virginia. Through its subsidiaries, Sandy Spring Bank also offers a comprehensive menu of leasing, insurance and investment management services. Visit www.sandyspringbank.com to locate an ATM near you or for more information about Sandy Spring Bank.
 
 
 

 
 
For additional information or questions, please contact:
 
Daniel J. Schrider, President & Chief Executive Officer
DSchrider@sandyspringbank.com, or
Philip J. Mantua, Executive V.P. & Chief Financial Officer
PMantua@sandyspringbank.com
Sandy Spring Bancorp, Inc.
17801 Georgia Avenue
Olney, Maryland 20832
800-399-5919
Web site: sandyspringbank.com
 
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