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
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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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People of Sandy Spring Bank
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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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Commercial banking services are provided throughout the United States.
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Investor details for Sandy Spring Bank
Investor domains, locations, round participation, and complete history require an active premium plan.
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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.
Investment portfolio details for Sandy Spring Bank
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Commercial banking services are provided to business clients.
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Locked | Locked | 2007 | Locked | |
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Provider of wealth management services
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Commercial bank
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Locked | Locked | 2004 | Locked |
Complete acquisition details for Sandy Spring Bank
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- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
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Financial Statements - Sandy Spring Bank
Detailed financials for Sandy Spring Bank
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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- Profit trends
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Sandy Spring Bank Comparisons
Peer comparison for Sandy Spring Bank
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Wealth advisory and banking services are offered to clients.
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Commercial bank
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Commercial banking services are provided to businesses and individuals.
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Global banking, investment, and wealth management services are offered worldwide.
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Commercial bank
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Commercial banking and wealth management services are offered globally.
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Detailed competitors of Sandy Spring Bank
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Latest news on Sandy Spring Bank
Complete news archive for Sandy Spring Bank
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- Brand-specific news history
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Frequently Asked Questions about Sandy Spring Bank
Sandy Spring Bank was founded in 1868 and raised its 1st funding round 147 years after it was founded.
Sandy Spring Bank is headquartered in Olney, United States. It is registered at Olney, Maryland, United States.
Daniel Schrider is the current CEO of Sandy Spring Bank.
Sandy Spring Bank is a funded company, having raised a total of $20.66M across 2 funding rounds to date.
As of Dec 31, 2023, the latest employee count at Sandy Spring Bank is 1,112.
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.
Sandy Spring Bank has made 6 acquisitions, including 1st Portfolio Wealth Advisors, Potomac Bank of Virginia, and Rembert Pendleton Jackson.
Sandy Spring Bank has 1 investor. Key investors include Atlantic Union Bank.