Sandy Spring Bank
Sandy Spring Bank was a Maryland-based regional commercial bank founded in 1868, serving consumers, small-to-mid-sized businesses, and high-net-worth individuals across the Mid-Atlantic with deposit, lending, and wealth management products until its 2025 acquisition by Atlantic Union Bankshares.
- Company typePrivate
- Founded1902
- HeadquartersOlney, United States
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
What Sandy Spring Bank does
Sandy Spring Bank was a Maryland-based regional commercial bank founded in 1868, operating as the primary banking subsidiary of Sandy Spring Bancorp (NASDAQ: SASR) until its 2025 acquisition by Atlantic Union Bankshares Corporation (NYSE: AUB). The bank served consumer, small-to-mid-sized business, and high-net-worth clients across the Mid-Atlantic region — including Maryland, Washington D.C., and northern Virginia — through a combination of physical branches, online and mobile banking, ATM networks, and video appointment channels. Its product portfolio spanned checking, savings, money market, and certificates of deposit; home equity lines and mortgages; credit cards; commercial lending (including asset-based lending and equipment finance); treasury management and fraud protection; and wealth management and financial planning services.
The bank's revenue model was anchored in net interest income from the spread between interest earned on loans and interest paid on deposits, supplemented by transaction-based fees on deposit accounts, cards, and treasury services. Sandy Spring pursued a roll-up growth strategy prior to its own sale, acquiring WashingtonFirst Bankshares in 2017 and Revere Bank in 2019 to densify its Washington D.C. metro footprint. Customer segments were segmented across individual consumers (primary), small-to-mid-sized business owners (primary), and high-net-worth individuals (secondary), with a hybrid segmentation approach.
In 2025, Atlantic Union Bankshares — a Virginia-based holding company with operating roots dating to 1902 — completed the acquisition of Sandy Spring Bancorp after receiving Federal Reserve regulatory approval. Core systems conversion was completed in Q4 2025, integrating Sandy Spring onto Atlantic Union's infrastructure. Post-acquisition, Atlantic Union reported $37.6 billion in total assets (52.9% YoY growth), a 3.96% Q4 2025 net interest margin, $109 million in Q4 2025 net income to common shareholders, a quarterly dividend of 37 cents per share (raised 8.8%), and projected 2026 loan balances of $29-30 billion. Sandy Spring Bank now operates as a wholly-owned subsidiary within the combined Atlantic Union Bank brand, which maintains a Greenlight partnership for family-segment financial education and continued community reinvestment programs across Virginia and the Mid-Atlantic.
Sandy Spring Bank firmographics
Firmographics- Name
- Sandy Spring Bank
- Legal name
- Atlantic Union Bank
- Website
- https://sandyspringbank.com
- Company type
- Private
- Founded year
- 1902
- Operating status
- Acquired
- Headcount range
- 501–1,000 employees
- Short description
- Sandy Spring Bank was a Maryland-based regional commercial bank founded in 1868, serving consumers, small-to-mid-sized businesses, and high-net-worth individuals across the Mid-Atlantic with deposit, lending, and wealth management products until its 2025 acquisition by Atlantic Union Bankshares.
- Ownership category
- akta.pro rank
Sandy Spring Bank industry classification
Industry- Product category
- Retail Banking
- NAICS
- Depository Credit Intermediation (5221), Commercial Banking (52211)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
- akta.pro secondary industries
- SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB), Credit Cards & Revolving Credit (FSABAAAC)
Keywords
Where Sandy Spring Bank is headquartered
LocationHeadquarters
- HQ city
- Olney
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Sandy Spring Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Net Interest Income: Traditional banking revenue from spread between interest earned on loans and interest paid on deposits. Sandy Spring Bancorp generated $392.2 million in revenue primarily through interest-earning assets and deposit funding.
- Banking Fees and Service Charges: Fees from personal and business banking services including checking accounts, savings accounts, CDs, home equity lines, mortgage services, and credit cards.
Go-to-market motion1 record
Distribution channels5 records
Marketing channels4 records
Sandy Spring Bank product offering
Product offeringCore offering
Sandy Spring Bank is a Maryland-based regional bank providing personal and business banking products including checking, savings, money market accounts, CDs, home equity lines of credit, home loans, credit cards, business lending (asset-based lending and equipment finance), treasury management, and wealth management services. Following its 2025 acquisition by Atlantic Union Bankshares Corp, Sandy Spring Bank now operates as part of Atlantic Union Bank, serving consumers and businesses across the Mid-Atlantic region.
Product overview
Atlantic Union Bank (post-acquisition of Sandy Spring Bank) operates as a unified banking platform offering personal and business banking services. The product portfolio includes checking and savings accounts, money market accounts, certificates of deposit (CDs), home equity lines of credit, home loans, credit cards, business financing solutions (Asset-Based Lending, Equipment Finance), and wealth management services. Sandy Spring Bank was acquired by Atlantic Union Bankshares Corporation; the core systems conversion was completed in Q4 2025, and the combined entity now operates under the Atlantic Union Bank brand with total assets of $37.6 billion as of 2025.
Differentiator
Problem solved
Functional benefit
Products and services
- Checking Accounts
- Money Market Accounts
- Certificates of Deposit (CDs)
- Home Equity Line of Credit
- Home Loans / Mortgage
- Credit Cards
- Personal Loans and Lines of Credit
- Business Lending and Financing Solutions
- Business Banking Services
- Wealth Management Services
Companies that use Sandy Spring Bank
Customer profileSegments3 records
Ideal customer profiles3 records
Sandy Spring Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Sandy Spring Bank partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- GreenlightminorAtlantic Union Bank partners with Greenlight to provide financial education tools to customers. Greenlight is a financial education platform that joins 6+ million parents and kids learning to earn, save, and spend wisely. The partnership offers Greenlight for free with new or existing Atlantic Union Bank checking accounts, providing early financial literacy tools to families.
Scale indicators9 records
Recent moves5 records
Expansion highlights5 records
Sandy Spring Bank competitors and assessment
Company assessmentBroad incumbents
- Truist Financial Corporation: Super-regional bank formed from the BB&T/SunTrust merger with extensive Mid-Atlantic presence including Virginia and Maryland. Direct competitor across consumer, small business, and wealth management segments.
- M&T Bank Corporation: Large super-regional bank with significant Mid-Atlantic presence including Maryland. Offers comparable personal and commercial banking services across a much broader footprint, serving similar consumer and SME segments but at materially greater scale.
- PNC Financial Services: National bank with strong Mid-Atlantic footprint including Maryland/Virginia/DC. Competes directly for personal and business banking customers in the same geographies as Sandy Spring/Atlantic Union, with broader product suite and digital capabilities.
Direct peers
- WesBanco, Inc. Multi-state bank holding company with branches in West Virginia, Ohio, Pennsylvania, and Maryland. Offers the same community banking value proposition as Sandy Spring with comparable size, personal/business banking focus, and regional orientation.
- Fulton Financial Corporation: Mid-Atlantic regional bank headquartered in Lancaster, PA, operating across Pennsylvania, Maryland, New Jersey, Delaware, and Virginia. Closely comparable community banking model with similar product mix and customer segments to Sandy Spring Bank.
- Eagle Bancorp, Inc. Bethesda, Maryland-based community bank focused on the Washington DC metropolitan area. Directly competes with Sandy Spring for personal and commercial banking customers in Montgomery County and broader Maryland suburbs.
- Lakeland Bancorp, Inc. New Jersey-based community bank with comparable asset size and product offering to Sandy Spring. Serves similar consumer and small-to-mid-sized business customers in the broader Mid-Atlantic/New York metro region.
- FNB Corporation: Mid-Atlantic regional bank with significant presence in Pennsylvania, Maryland, Ohio, and the Carolinas. Directly comparable to Sandy Spring as a community-focused bank offering personal, business, and wealth management services to similar customer segments.
- Tompkins Financial Corporation: Community-oriented bank holding company based in Ithaca, NY with operations in New York, Pennsylvania, and other Mid-Atlantic markets. Closely analogous business model emphasizing relationship-based personal and business banking in regional markets.
- Atlantic Union Bankshares: Direct parent company of Sandy Spring Bank following the 2025 acquisition. Operates the combined community banking franchise in Virginia, Maryland, and DC with $37.6B in total assets, identical product mix (personal/business banking, wealth), and overlapping customer segments.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Sandy Spring Bank social profiles
Digital presenceSandy Spring Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sandy Spring Bank leadership team
Management profileNumber of profiles
Profiles7 records
Sandy Spring Bank funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sandy Spring Bank M&A and investment
M&A and investmentM&A3 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sandy Spring Bank
What does Sandy Spring Bank do?
Sandy Spring Bank is a Maryland-based regional bank providing personal and business banking products including checking, savings, money market accounts, CDs, home equity lines of credit, home loans, credit cards, business lending (asset-based lending and equipment finance), treasury management, and wealth management services. Following its 2025 acquisition by Atlantic Union Bankshares Corp, Sandy Spring Bank now operates as part of Atlantic Union Bank, serving consumers and businesses across the Mid-Atlantic region.
Is Sandy Spring Bank a public or private company?
Sandy Spring Bank is a private company. It is classified as corporate owned and is currently acquired.
When was Sandy Spring Bank founded?
Sandy Spring Bank was founded in 1902. It employs 501 to 1,000 people.
Where is Sandy Spring Bank based?
Sandy Spring Bank is headquartered in Olney, United States, in the North America region.
How does Sandy Spring Bank make money?
Two revenue lines are on record. Net Interest Income is the primary driver. The others are banking Fees and Service Charges.
Who are Sandy Spring Bank's main competitors?
Broad incumbents on record are Truist Financial Corporation, M&T Bank Corporation and PNC Financial Services. Direct peers are WesBanco, Inc., Fulton Financial Corporation, Eagle Bancorp, Inc., Lakeland Bancorp, Inc., FNB Corporation, Tompkins Financial Corporation and Atlantic Union Bankshares.
Does Sandy Spring Bank have an API?
No public API is recorded for Sandy Spring Bank.
What industry is Sandy Spring Bank in?
Sandy Spring Bank's product category is Retail Banking. Its primary akta.pro industry code is FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings), with a secondary code of FSABABAC, SME Deposits & Business Accounts (Operating, Savings, CDs). Its NAICS code is 5221 and its SIC code is 6022.