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WashingtonFirst Bankshares Announces Acquisition By Sandy Spring Bancorp

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Sandy Spring Bancorp Acquisition of WashingtonFirst Bankshares to Create Region’s Largest, Locally-Headquartered Community Bank

OLNEY, Md., May 16, 2017 – Sandy Spring Bancorp, Inc. (Nasdaq: SASR, “Sandy Spring”), the parent company of Sandy Spring Bank, and WashingtonFirst Bankshares, Inc. (Nasdaq: WFBI, ”WashingtonFirst”), the parent company of WashingtonFirst Bank, jointly announced today they have entered into a definitive agreement for Sandy Spring to acquire the Virginia-based WashingtonFirst to create one of the premier banks in the Greater Washington, D.C. region.

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