Sandy Spring Bancorp to Reserve Funds in Second Quarter

Sandy Spring Bancorp to Reserve Funds in Second Quarter

Jury Verdict Finds Against Bank in Pre-Merger Civil Lawsuit; Bank Plans to

OLNEY, Md., May 16, 2014 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc.
(Nasdaq:SASR) announced today that it will reserve funds in the second quarter
in response to a verdict from a jury in the Anne Arundel County Circuit Court
in the matter of Ashley, et al vs. CommerceFirst Bank, which involved claims
based on the actions of a former employee of CommerceFirst Bank. Sandy Spring
Bank acquired CommerceFirst Bank in 2012. The jury entered a verdict for
damages totaling $6,050,000, including $5 million in punitive damages.
Compensatory damages of $1,050,000 are expected to be covered by insurance.

"While we respect the judicial process, we do not believe that Sandy Spring
Bank should be held liable for the actions of a former CommerceFirst Bank
employee who acted outside the scope of his employment," said Daniel J.
Schrider, Sandy Spring Bank President and CEO. "Because this outcome is not in
the best interest of our shareholders, we will continue to fight it through
the appropriate legal channels."

Sandy Spring Bank will reserve the funds for these damages in the second
quarter of 2014, which will negatively impact quarterly earnings.

About Sandy Spring Bancorp/ Sandy Spring Bank

With $4.2 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 46 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. Visit for more information about
Sandy Spring Bank.

Forward-Looking Statements

Sandy Spring Bancorp makes forward-looking statements in this news
release.These forward-looking statements may include: statements of goals,
intentions, earnings expectations, and other expectations; estimates of risks
and of future costs and benefits; assessments of probable loan and lease
losses; assessments of market risk; and statements of the ability to achieve
financial and other goals.

Forward-looking statements are typically identified by words such as
"believe," "expect," "anticipate," "intend," "outlook," "estimate,"
"forecast," "project" and other similar words and expressions.Forward-looking
statements are subject to numerous assumptions, risks and uncertainties, which
change over time.Forward-looking statements speak only as of the date they
are made.Sandy Spring Bancorp does not assume any duty and does not undertake
to update its forward-looking statements.Because forward-looking statements
are subject to assumptions and uncertainties, actual results or future events
could differ, possibly materially, from those that Sandy Spring Bancorp
anticipated in its forward-looking statements and future results could differ
materially from historical performance.

Sandy Spring Bancorp's forward-looking statements are subject to the following
principal risks and uncertainties: general economic conditions and trends,
either nationally or locally; conditions in the securities markets; changes in
interest rates; changes in deposit flows, and in the demand for deposit, loan,
and investment products and other financial services; changes in real estate
values; changes in the quality or composition of the Company's loan or
investment portfolios; changes in competitive pressures among financial
institutions or from non-financial institutions; the Company's ability to
retain key members of management; changes in legislation, regulations, and
policies; and a variety of other matters which, by their nature, are subject
to significant uncertainties.Sandy Spring Bancorp provides greater detail
regarding some of these factors in its Form 10-K for the year ended December
31, 2013, including in the Risk Factors section of that report, and in its
other SEC reports.Sandy Spring Bancorp's forward-looking statements may also
be subject to other risks and uncertainties, including those that it may
discuss elsewhere in this news release or in its filings with the SEC,
accessible on the SEC's Web site

CONTACT: Mandy Walsh

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