Key Developments: Sandy Spring Bancorp Inc (SASR.O)
21.72USD
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$21.52
$21.40
$21.72
$21.40
5,749
36,398
$21.72
$16.66
Latest Key Developments (Source: Significant Developments)
Sandy Spring Bancorp Inc Increases Dividend to $0.16 Per Share
Sandy Spring Bancorp Inc announced that the Board of Directors declared a quarterly common stock dividend of $0.16 per share payable May 15, 2013 to shareholders of record on May 8, 2013. This dividend is an increase of $0.02 compared to the dividend paid in the first quarter of 2013 and is an increase of $0.04 compared to the dividend paid in the second quarter of 2012. Full Article
Sandy Spring Bancorp Inc Declares Quarterly Dividend Of $0.14 Per Share
Sandy Spring Bancorp Inc announced that board of directors has declared a quarterly common stock dividend of $0.14 per share payable February 20, 2013 to shareholders of record on February 13, 2013. Full Article
Sandy Spring Bancorp Inc Declares Quarterly Dividend to $0.14 Per Share
Sandy Spring Bancorp Inc announced that the board of directors has declared a quarterly common stock dividend of $0.14 per share payable November 14, 2012 to shareholders of record on November 7, 2012. This dividend represents an increase of $0.02 to the dividend paid in the third quarter of 2012. Full Article
Sandy Spring Bancorp, Inc. Declares Quarterly Dividend Of $0.12 Per Share
Sandy Spring Bancorp, Inc. announced that the board of directors has declared a quarterly common stock dividend of $0.12 per share payable August 15, 2012 to shareholders of record on August 8, 2012. This dividend is equal to the dividend paid in the second quarter of 2012, and $.04 greater per share than the dividend paid in the third quarter of 2011. Full Article
Sandy Spring Bancorp, Inc. Announces Completion Of Acquisition Of CommerceFirst Bancorp, Inc.
Sandy Spring Bancorp, Inc. announced acquisition of CommerceFirst Bancorp, Inc. and its wholly-owned subsidiary, CommerceFirst Bank. CommerceFirst Bank has been merged into Sandy Spring Bank. Under the terms of the merger, CommerceFirst shareholders are receiving either $13.60 in cash or 0.8043 shares of Sandy Spring common stock for each share of CommerceFirst common stock held. Based on the final election results, CommerceFirst stockholders who elected to receive stock will receive a combination of stock and cash and those who elected to receive cash or who made no election will receive the cash consideration. Stockholders who have not previously surrendered their share certificates will receive information shortly on how to exchange their shares for the merger consideration. Full Article
Sandy Spring Bancorp, Inc. Increases Quarterly Dividend
Sandy Spring Bancorp, Inc. announced that the board of directors has declared a quarterly common stock dividend of $0.12 per share payable May 16, 2012 to shareholders of record on May 9, 2012. This dividend represents a $0.02 per share increase over the dividend paid in the first quarter of 2012. Full Article
Sandy Spring Bancorp, Inc. Declares Quarterly Dividend
Sandy Spring Bancorp, Inc. announced that the Board of Directors has declared a quarterly common stock dividend of $0.10 per share payable February 15, 2012 to shareholders of record on February 8, 2012. This dividend is equal to the dividend paid in the fourth quarter of 2011. Full Article
Sandy Spring Bancorp, Inc. To Acquire CommerceFirst Bancorp, Inc.
Sandy Spring Bancorp, Inc. announced the execution of a definitive merger agreement for Sandy Spring to acquire CommerceFirst Bancorp and its wholly owned subsidiary, CommerceFirst Bank, in a transaction currently valued at approximately $25.4 million in stock and cash. Under the terms of the agreement, Sandy Spring will acquire all of the shares of CommerceFirst common stock for a combination of 50% Sandy Spring common stock and 50% cash. The stock consideration will be at a fixed exchange ratio of 0.8043 Sandy Spring shares for each CommerceFirst share and the cash consideration will be $13.60 per share, in each case subject to possible adjustment. The aggregate merger consideration will consist of approximately 732,000 shares of Sandy Spring common stock and $12.4 million in cash. CommerceFirst shareholders will be permitted to elect Sandy Spring common stock or cash, or a combination of each; subject to proration procedures to preserve the aggregate 50% stock and 50% cash consideration mix. The transaction is expected to close in the second quarter of 2012. The transaction is subject to certain conditions, including the approval by CommerceFirst's shareholders and customary regulatory approvals. Robert W. Baird & Co. Incorporated acted as financial advisor to Sandy Spring and Kilpatrick Townsend & Stockton LLP acted as Sandy Spring's legal counsel. Scott & Stringfellow, LLC acted as advisor to CommerceFirst and BuckleySandler LLP acted as its legal counsel. Full Article
Sandy Spring Bancorp, Inc. Increases Quarterly Dividend To $0.10 Per Share
Sandy Spring Bancorp, Inc. announced that the board of directors has declared a quarterly common stock dividend of $0.10 per share payable November 16, 2011 to shareholders of record on November 9, 2011. This represents a $.02 increase compared to the dividend paid in the third quarter of 2011. Full Article
Sandy Spring Bancorp, Inc. Announces Stock Repurchase Program
Sandy Spring Bancorp, Inc. announced that its board of directors has approved the repurchase of up to 3% of the Company's outstanding common stock, or approximately 730,000 shares. Repurchases, which will be conducted through open market purchases or privately negotiated transactions, will be made from time to time depending on market conditions and other factors. Full Article
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