Sandy Spring Bank
This institution is no longer FDIC-active (merged, renamed, or closed). FDIC certificate #4865.
Total assets
—
Deposits
$11.3B
Q1 2025
Active branches
—
Closings since Jan 2020
14
2 openings since Jan 2020
Financial snapshot — Q1 2025
All quarters →Net income (quarter)
$2M
Return on assets
0.06%
Return on equity
0.46%
Noncurrent loan rate
1.00%
Deposits by year (Summary of Deposits)
62019
102020
112021
112022
112023
112024
Values in $ billions, June 30 of each year.
Closings by year
62020
62021
12023
12025
Openings by year
12020
12021
Other network changes since 2020
- 2 branch relocations
- 11 branches acquired through purchases or mergers
Recent closings
- Sandy Spring Bank — Gaithersburg, MDbank exits city409 RUSSELL AVE · closed January 10, 2025
- Sandy Spring Bank — Washington, DCbank exits city1299 PENNSYLVANIA AVE NW · closed December 15, 2023
- Sandy Spring Bank — Frederick, MDbank exits city6560 MERCANTILE DRIVE, EAST · closed October 8, 2021
- Sandy Spring Bank — Washington, DCbank exits city1146 - 19TH STREET, N.W. · closed October 8, 2021
- Sandy Spring Bank — Rockville, MDbank exits city2101 GAITHER ROAD · closed October 8, 2021
- Sandy Spring Bank — Sterling, VAbank exits city46901 CEDAR LAKES PLAZA · closed May 7, 2021
- Sandy Spring Bank — Chantilly, VAbank exits city14231 WILLARD ROAD · closed May 7, 2021
- Sandy Spring Bank — Rockville, MDbank exits city1601 AND 1603 EAST GUDE DRIVE · closed May 7, 2021
- Sandy Spring Bank — Silver Spring, MDbank exits city8602 COLESVILLE ROAD · closed August 14, 2020
- Sandy Spring Bank — Bethesda, MDbank exits city7700 OLD GEORGETOWN ROAD · closed August 14, 2020
- Sandy Spring Bank — Rockville, MDbank exits city414 HUNGERFORD DRIVE · closed August 14, 2020
- Sandy Spring Bank — Gaithersburg, MDbank exits city820 WEST DIAMOND AVENUE · closed August 14, 2020
- Sandy Spring Bank — Millersville, MDbank exits city8310 VETERANS HIGHWAY · closed August 14, 2020
- Sandy Spring Bank — Frederick, MDbank exits city18 WEST PATRICK STREET · closed August 14, 2020
All figures transcribed from FDIC BankFind Suite records: structure-change history, quarterly financial reports and the annual Summary of Deposits.