CORRECTING and REPLACING -- Sandy Spring Bancorp Declares Quarterly Dividend of $0.24 Per Share

OLNEY, Md., July 28, 2016 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by Sandy Spring Bancorp, Inc. (Nasdaq:SASR), please be advised that the last sentence of the first paragraph should read "This is consistent with the dividend paid in the second quarter of 2016 and $0.02 more than the third quarter of 2015" rather than "This is consistent with the dividend paid in the third quarter of 2016 and $0.02 more than the third quarter of 2016" as originally issued. The complete corrected text follows:

Sandy Spring Bancorp, Inc., (Nasdaq:SASR), the parent company of Sandy Spring Bank, announced that the board of directors declared a quarterly common stock dividend of $0.24 per share payable on August 17, 2016 to shareholders of record on August 10, 2016. This is consistent with the dividend paid in the second quarter of 2016 and $0.02 more than the third quarter of 2015.

About Sandy Spring Bancorp, Inc./Sandy Spring Bank

Sandy Spring Bancorp, Inc., headquartered in Olney, Maryland, is the holding company for Sandy Spring Bank. Independent and community-oriented, Sandy Spring Bank offers a broad range of commercial banking, retail banking, mortgage and trust services throughout central Maryland, Northern Virginia, and the greater Washington, D.C. market. Through its subsidiaries, Sandy Spring Insurance Corporation and West Financial Services, Inc., Sandy Spring Bank also offers a comprehensive menu of insurance and wealth management services. With $4.7 billion in assets, the bank operates 45 community offices and six financial centers across the region. Visit www.sandyspringbank.com for more information.



For additional information or questions, please contact: Daniel J. Schrider, President & Chief Executive Officer, or Philip J. Mantua, Executive V.P. & Chief Financial Officer Sandy Spring Bancorp 17801 Georgia Avenue Olney, Maryland 20832 1-800-399-5919 E-mail: DSchrider@sandyspringbank.com PMantua@sandyspringbank.com Web site: www.sandyspringbank.com Media Contact: Jen Schell 301-570-8331 jschell@sandyspringbank.com

Source:Sandy Spring Bancorp, Inc.