Sandy Spring Bank To Offer Relief for Furloughed Employees

          Sandy Spring Bank To Offer Relief for Furloughed Employees

PR Newswire

OLNEY, Md., Oct. 4, 2013

OLNEY, Md., Oct. 4, 2013 /PRNewswire/ -- The shutdown of the U.S. government
this week has directly impacted the Sandy Spring Bank community throughout its
footprint in Maryland and Virginia. In response to the shutdown, Sandy Spring
announced today that they are offering assistance to any U.S. government
employee, including men and women in the U.S. military, impacted by the
furlough.

"Because of our close proximity to Washington DC, a large number of our
clients and local community members are feeling the effects of the government
shutdown," said Dan Schrider, CEO of Sandy Spring Bank. "We understand the
gravity of this situation and it is our goal to help all citizens, both
existing clients and community members through this process. The furlough, no
matter the length, could be felt by these government employees for some time
to come and we want to ensure that our community knows we are here to support
them."

Sandy Spring Bank is prepared to assist with the possible financial
difficulties this furlough may cause. Offerings will include:

  oPersonal lines of credit up to $7,500 at a special low rate for 60 days
  oPayment extension options for consumer clients of Sandy Spring Bank on
    various loan products
  oPenalty free CD withdrawals for clients who have CD's with Sandy Spring
    Bank – up to $7,500
  oFinancial counseling is available by visiting any Sandy Spring Bank branch
    where personal bankers will be available to help individuals and families
    react to the shutdown

Schrider continued, "It is our hope that by offering these additional options,
we can minimize the financial impact of the government shutdown. While we hope
this issue is resolved in a timely manner, we will continue to assist our
clients and our community until all government operations are back to running
at full capacity." For more information contact our Client Services Center
at 1.800.399.5919, or stop by one of our 49 community offices.

About Sandy Spring Bancorp/Sandy Spring Bank
With $4.1 billion in assets, Sandy Spring Bancorp, Inc. is the holding company
for Sandy Spring Bank and its principal subsidiaries, Sandy Spring Insurance
Corporation and West Financial Services, Inc. Sandy Spring Bancorp is the
largest publicly traded banking company headquartered and operating in
Maryland. Sandy Spring is a community banking organization that focuses its
lending and other services on businesses and consumers in the local market
area. Independent and community-oriented, Sandy Spring Bank was founded in
1868 and offers a broad range of commercial banking, retail banking and trust
services through 49 community offices in Anne Arundel, Carroll, Frederick,
Howard, Montgomery, and Prince George's counties in Maryland, and Arlington,
Fairfax and Loudoun counties in Virginia. Through its subsidiaries, Sandy
Spring Bank also offers a comprehensive menu of insurance and investment
management services. Visitwww.sandyspringbank.comfor more information about
Sandy Spring Bank.

SOURCE Sandy Spring Bancorp, Inc.

Website: http://www.sandyspringbank.com
Contact: Wendy Clark, Wendyc@imre.com, 410-598-1952
 
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