SANDY SPRING BANCORP, INC. (NASDAQ:SASR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
OnNovember 26, 2018,Joseph S. Bracewell submitted his resignation from the Board of Directors of Sandy Spring Bancorp, Inc. (the “Company”), effective immediately. Also on November 26, 2018, Shaza L. Andersen informed the Board of Directors of her intention to resign from the Board of Directors, effective January 1, 2019. Neither Mr. Bracewell nor Ms. Andersen cited any disagreement with the Company or its management regarding any matter relating to the Company’s operations, policies or practices.
About SANDY SPRING BANCORP, INC. (NASDAQ:SASR)
Sandy Spring Bancorp, Inc. is the bank holding company for Sandy Spring Bank (the Bank). The Company operates through three business segments Community Banking, Insurance and Investment Management. Its Community Banking segment operates through Sandy Spring Bank and involves delivering a range of financial products and services, including various loan and deposit products to both individuals and businesses. The Insurance segment operates through Sandy Spring Insurance Corporation, a subsidiary of the Bank, and offers annuities as an alternative to traditional deposit accounts. The Investment Management segment operates through West Financial Services, Inc., a subsidiary of the Bank, which provides investment management and financial planning services. Its product portfolio includes loan and lease products, deposit activities, treasury activities and borrowing activities. The Bank operates over 45 community offices located in Central Maryland, Northern Virginia, and Washington D.C.