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News Update: Sandy Spring Bancorp (NASDAQ:SASR) Prices Pending Stock Sale at 9.5% Discount

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Uploaded by on Mar 18, 2010

3/18/2010-Sandy Spring Bancorp (NASDAQ:SASR) priced its pending sale of at least 6.5 million shares at $13.50 apiece, a 9.5% discount to Wednesday's closing price.

Sandy Spring has about 16.6 million shares outstanding.

Proceeds from the sale will go toward repaying the $83 million that the bancorp received through the Treasury Department's Troubled Asset Relief Program and boosting capital at its Sandy Spring Bank, among other things.

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  • Christie Duffy... you are HOTT!!

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