Sandy Spring Bancorp, founded in 1868 and headquartered in Olney, Maryland, is a bank holding company dedicated to providing comprehensive financial services to individuals and businesses in the Mid-Atlantic region. The company offers a range of products including personal and commercial banking, mortgage lending, and wealth management services, focusing on enhancing customer experience through community engagement and tailored financial solutions.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| SASR 3.88% 2032-03-30 USDSandy Spring Bancorp | United States | 2032-03-30 | 3.875 | 7.33 |
| SASR 4.25% 2029-11-15 USDSandy Spring Bancorp | United States | 2029-11-15 | 4.250 | 6.24 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Sandy Spring Bancorp began its bond issuance program in the 1990s to raise capital for growth and expansion. In recent years, it has issued senior notes and subordinated debt to enhance its capital structure; notable issuances include a $30 million subordinated note in 2021 to strengthen its Tier 2 capital. Current yields on its bonds remain competitive within the industry, reflecting the company’s solid credit rating and robust performance metrics. The most recent issuance has garnered attention due to its favorable terms, including a call option after five years, which adds flexibility for future refinancing opportunities.