Sandy Spring Bancorp, Inc. Reports Net Charge-Off for the Third Quarter Ended September 30, 2023
October 24, 2023 at 07:00 am EDT
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Sandy Spring Bancorp, Inc. reported net charge-off for the third quarter ended September 30, 2023. Total net charge-offs for the current quarter amounted to $0.1 million.
Sandy Spring Bancorp, Inc. is the bank holding company for Sandy Spring Bank (the Bank). The Company offers a range of commercial and retail banking, mortgage, private banking and trust services at approximately 50 locations throughout central Maryland, northern Virginia, and Washington D.C. It offers a menu of loan products, which include commercial loans, residential real estate loans, and consumer loans. Its commercial loans consist of commercial real estate loans, commercial construction loans and commercial business loans. Its consumer loans include primarily home equity loans and lines, installment loans and personal lines of credit. Its consumer loans include installment loans used by customers to purchase automobiles, boats and recreational vehicles. Through its subsidiaries, SSB Wealth Management, Inc. (d/b/a Rembert Pendleton Jackson) and West Financial Services, Inc., Sandy Spring Bank, offers a comprehensive menu of wealth management services.
SANDY SPRING BANCORP, INC. 
