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Sandy Spring Bancorp, Inc. Receives All Regulatory Approvals for Acquisition of WashingtonFirst Bankshares, Inc.

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Sandy Spring Bancorp, Inc. Receives All Regulatory Approvals for Acquisition of WashingtonFirst Bankshares, Inc.

OLNEY, Md., Nov. 22, 2017 (GLOBE NEWSWIRE) — Sandy Spring Bancorp, Inc. (NASDAQ:SASR) (“Sandy Spring”) announced that it has received all of the requisite regulatory approvals from the Board of Governors of the Federal Reserve System, the Maryland Office of the Commissioner of Financial Regulation, and the Virginia State Corporation Commission to complete the acquisition of WashingtonFirst Bankshares, Inc. (“WashingtonFirst”) and the related merger of WashingtonFirst Bank into Sandy Spring Bank.

The transaction is expected to close on January 1, 2018.

 

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