Sandy Spring Bancorp, Inc. 3.875% 30-MAR-2032Sandy Spring Bancorp, Inc. 3.875% 30-MAR-2032Sandy Spring Bancorp, Inc. 3.875% 30-MAR-2032

Sandy Spring Bancorp, Inc. 3.875% 30-MAR-2032

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Key terms


Outstanding amount
‪200.00 M‬USD
Face value
1,000.00USD
Minimum denomination
1,000.00USD
Coupon
3.88% (Variable)
Coupon frequency
Semi-annual
Yield to maturity
8.60%
Maturity date
Mar 30, 2032
Term to maturity
7 years

About Sandy Spring Bancorp, Inc. 3.875% 30-MAR-2032


Sector
Finance
Industry
Regional Banks
Issue date
Mar 18, 2022
FIGI
BBG01626GHJ4
Sandy Spring Bancorp, Inc. is a bank holding company, which engages in the provision of commercial banking, retail banking, and trust services to individuals and businesses. It operates through the following segments: Community Banking, Insurance, and Investment Management. The Community Banking segment conducts its operations through Sandy Spring Bank and involves delivering financial products and services, including various loan and deposit products to both individuals and businesses. The Insurance segment includes operations through Sandy Spring Insurance Corp, a subsidiary of the bank, and offers annuities as an alternative to traditional deposit accounts. The Investment Management segment conducts its operations through West Financial Services, Inc., a subsidiary of the Bank. The company was founded in 1868 and is headquartered in Olney, MD.
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