Sandy Spring Bank’s First Washington, D.C., Branch Opens for Business
Company Release - 02/01/2016 10:18
OLNEY, Md., Feb. 01, 2016 (GLOBE NEWSWIRE) -- Marking an important day in its nearly 150 year history, Sandy Spring Bank opened today its first community office in the District of Columbia.
With the opening of the new Penn Quarter office at 1299 Pennsylvania Avenue, NW, the bank now operates 45 branches and six financial centers across Maryland, Northern Virginia and now Washington, D.C.
“We are excited to establish a physical presence in the District of Columbia,” said Dan Schrider, President and CEO of the bank. “We have been serving D.C. clients and businesses for decades, but this branch will give us even greater reach into the community and enable us to deliver even better service in a city with great economic growth potential.”
The new branch features an open layout that is free of the traditional teller line. Universal Bankers will provide consultative support and help connect clients to a range of valuable services, including mortgage, wealth management, insurance, commercial banking, and more. Clients can conveniently deposit cash and checks using an image enabled ATM, and complimentary meeting spaces are available to the community.
In an effort to best meet the needs of the D.C community, members of the bank’s Mortgage and Business Banking teams are also onsite in the new branch.
Sandy Spring’s Business Banking team specializes in working with local small businesses and developing personalized solutions for whatever opportunities or challenges they may encounter. The bank also offers several industry specific programs that are designed especially for dental, veterinary and other professional practices.
“We know that small businesses are the real generators of economic growth in our communities—and we also know that they have unique needs that are often overlooked,” said Jay O’Brien, Executive Vice President for Commercial and Retail Banking. “I am confident that our Business Banking experts and specialized products and services will help the Washington, D.C., small business community thrive.”
Sandy Spring Bank also has a proven track record of developing unique products to make homeownership more accessible. The bank’s “Welcome Home Loan” is designed to provide affordable financing for home purchases, and other benefits such as a low down payment and no mortgage insurance or points. This special loan program is available to individuals at certain income levels or for homes within select communities.
The Penn Quarter community office is managed by Angelique Sarr, and she can be reached at 301-774-6400 extension 5151.
About Sandy Spring Bancorp, Inc.
Sandy Spring Bancorp, Inc., headquartered in Olney, Maryland, is the holding company for Sandy Spring Bank. Independent and community-oriented, Sandy Spring Bank offers a broad range of commercial banking, retail banking, mortgage and trust services throughout central Maryland, Northern Virginia, and the greater Washington D.C. market. Through its subsidiaries, Sandy Spring Insurance Corporation and West Financial Services, Inc., Sandy Spring Bank also offers a comprehensive menu of insurance and wealth management services. With $4.7 billion in assets, the bank operates 45 community offices and six financial centers across the region. Visit www.sandyspringbank.com for more information.
Member FDIC. An Equal Housing Lender.
Contact: Jen Schell 301-570-8331 [email protected]
Source: Sandy Spring Bank