About Sandy Spring Bank
Sandy Spring Bank is a company based in Olney (United States) founded in 1868 was acquired by Atlantic Union Bank in October 2024.. Sandy Spring Bank has raised $20.66 million across 2 funding rounds from investors including Atlantic Union Bank. The company has 1,112 employees as of December 31, 2023. Sandy Spring Bank has completed 6 acquisitions, including 1st Portfolio Wealth Advisors, Potomac Bank of Virginia and Rembert Pendleton Jackson. Sandy Spring Bank operates in a competitive market with competitors including Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others.
- Headquarter Olney, United States
- Employees 1112 as on 31 Dec, 2023
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$20.66 M (USD)
in 2 rounds
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Latest Funding Round
$25 M (USD), Debt – Conventional
Oct 15, 2015
- Investors
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Employee Count
1112
as on Dec 31, 2023
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Investments & Acquisitions
1st Portfolio Wealth Advisors
& 5 more
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Acquired by
Atlantic Union Bank
(Oct 22, 2024)
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Leadership Team
36 people
Software Development Team
18 people
Sales and Marketing
4 people
Human Resources and Administration
3 people
Legal and Compliance
2 people
Data Analysis and Operations Team
2 people
Chairman Team
1 people
Government Team
1 people
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Funding Insights of Sandy Spring Bank
Sandy Spring Bank has successfully raised a total of $20.66M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $25 million completed in October 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $25.0M
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First Round
First Round
(08 Jan 2015)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2015 | Amount | Debt – Conventional - Sandy Spring Bank | Valuation |
investors |
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| Jan, 2015 | Amount | Series B - Sandy Spring Bank | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Sandy Spring Bank
Sandy Spring Bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Atlantic Union Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Commercial banking services are provided throughout the United States.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sandy Spring Bank
Sandy Spring Bank has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include 1st Portfolio Wealth Advisors, Potomac Bank of Virginia and Rembert Pendleton Jackson. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Commercial banking services are provided to business clients.
|
2007 | ||||
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Provider of wealth management services
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2005 | ||||
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Commercial bank
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Sandy Spring Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sandy Spring Bank Comparisons
Competitors of Sandy Spring Bank
Sandy Spring Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking and wealth management services are offered globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sandy Spring Bank
Frequently Asked Questions about Sandy Spring Bank
When was Sandy Spring Bank founded?
Sandy Spring Bank was founded in 1868 and raised its 1st funding round 147 years after it was founded.
Where is Sandy Spring Bank located?
Sandy Spring Bank is headquartered in Olney, United States. It is registered at Olney, Maryland, United States.
Who is the current CEO of Sandy Spring Bank?
Daniel Schrider is the current CEO of Sandy Spring Bank.
Is Sandy Spring Bank a funded company?
Sandy Spring Bank is a funded company, having raised a total of $20.66M across 2 funding rounds to date. The company's 1st funding round was a Series B of $20.66M, raised on Jan 08, 2015.
How many employees does Sandy Spring Bank have?
As of Dec 31, 2023, the latest employee count at Sandy Spring Bank is 1,112.
What does Sandy Spring Bank do?
Sandy Spring Bank was established in 1868 and is headquartered in Olney, United States. As a commercial bank, it focuses on financial services including loans, deposit accounts, and treasury management for businesses and individuals. Operations are centered in the banking sector, with digital access available through sandyspringbank.com. Leadership is held by Daniel Schrider as CEO and President, overseeing regional activities.
Who are the top competitors of Sandy Spring Bank?
How many acquisitions has Sandy Spring Bank made?
Sandy Spring Bank has made 6 acquisitions, including 1st Portfolio Wealth Advisors, Potomac Bank of Virginia, and Rembert Pendleton Jackson.
Who are Sandy Spring Bank's investors?
Sandy Spring Bank has 1 investor. Key investors include Atlantic Union Bank.