Sandy Spring Bank

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.

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

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

• Retail banking services
• Commercial lending
• Wealth management
• Mortgage lending
• Community banking

Headquarters

HQ city

Olney

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. 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.
2. 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

Core 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

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• GreenlightminorStrategic or Co-development Partner · 1 January 2025Atlantic 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

Broad 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

• Xx.com/sandyspringbank
• YouTubeyoutube.com/@AtlanticUnionBank
• Facebookfacebook.com/sandyspringbank
• LinkedInlinkedin.com/company/sandy-spring-bank
• Instagraminstagram.com/atlanticunionbank

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sandy Spring Bank