March 30, 1868: Governor Swann approved charter granted by the Legislature of Maryland for a group of Quaker farmers to create a Savings Institution. Accumulated deposits were used primarily for home loans to community residents.

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The first passbook, featuring an illustration of George Washington

The first passbook, featuring an illustration of George Washington

April 13, 1868: Bank officially opened its doors. The first savings passbook was issued to Joseph Moore of (Norwood) Sandy Spring and the first day deposits totaled $383. Within 10 years, deposits reached $100,000.

 

 

Caleb Stabler: First president of the Savings Institution. He and fellow officers worked for a salary of a penny a year. Mr. Stabler was President until he retired in 1882 and unfortunately died a year later at age 84.

Caleb Stabler, the Bank's first president

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April 1874: First mortgage loan of $1,050 was made to Robert H. Miller.

1895: The Savings Institution of Sandy Spring constructed a new building to house its expanding business. On March 7th of that year the Board of Directors voted to extend the Bank's hours on Mondays and Thursdays from 2 until 4 pm.

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The first permanent home of the
Savings Institution of Sandy Spring

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August 1900: Comptroller of the Currency issued a charter for The First National Bank of Sandy Spring.

1904: Bank Director John C. Bentley helped the old Sherwood Academy become the area's first public high school.

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The Bank has always been a big supporter of Montgomery County, and the Montgomery General Hospital

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1918: Bank Director Robert H. Miller agreed to donate $100 to gain support for a community hospital. Later that year, the ground of Montgomery General Hospital was broken. The Bank's support for the Hospital continues until present day.

1920: Employee Frank Hallowell was shot and killed when bank robbers entered the bank, locked all employees in the vault and escaped with $36,000. Gov. Albert Ritchie subsequently organized the Maryland State Police in December 1920.

Bank Director Frank Hallowell




 

 

 

Bank Director, Frank Hallowell

Western Union telegram from the US Bank Commissioner, authorizing the bank to reopen after a 1-day closing during the Depression.

Western Union telegram

March 14, 1933: During the Bank Holiday of the Great Depression, the Sandy Spring Institution was found to be so safe & sound that it was allowed to reopen after just one day.

1956: Bank received approval for first branch
office in Olney.

First Community Office, Olney MD
The Bank opened its first community office, in Olney, Maryland.

1963: Bank opened a second branch office in Colesville.

 

 

August 24, 1972: The Burtonsville Branch opened, making it the fourth office to serve the expanded communities once served by the original Sandy Spring Office alone.

Fedoras and trench coats were definitely "in."

Bank Officials tour the Burtonsville community office construction site--fedoras and trench coats were definitely "in."

Sandy Spring Bank "Brings home the bacon," purchasing a 4-H champion pig for charity.

Sandy Spring Bank "Brings home the bacon."

August 30, 1982: Sandy Spring Bank purchased 4-H grand champion
market pig weighing 246 for
$3 per pound.
Just one of the many ways the
Bank supports 4-H year after year.

1986: Bank headquarters built in Olney.

Bank officers wield the silver shovel to help break ground at the Bank's new Olney Headquarters

 

Bank officers wield the silver shovel to help break ground at the Bank's new Olney Headquarters

125th anniversary celebration

125th anniversary celebration

April 13, 1993: 125th Anniversary

1996: Moved into Annapolis Area

April 5, 2002: Opened first office in Frederick County

 

November 6, 2002: Groundbreaking at Urbana

Ground Breaking

RFC

April 4, 2005: Rockville Financial Center opens

February 2007: Sandy Spring Bank establishes presence in Northern Virginia

June 2007: Sandy Spring Bank tops $3.0 billion in assets

 

 

January 2009: Daniel J. Schrider named President and Chief Executive Officer

dan schrider

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Sandy Spring Bank's Board of Directors.

To Learn More About Our History Visit the Sandy Spring Museum.

1986: Bank headquarters built in Olney.

 

 

 

 

 

 

 

 

 

 

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