Sandy Spring Bancorp’s Final Chapter: A New Era Under Atlantic Union

The independent story of Sandy Spring Bancorp has reached its conclusion. In a landmark $1.3 billion transaction that has reshaped the regional banking sector of the mid-Atlantic, the institution became a wholly-owned component of Atlantic Union Bankshares effective April 1, 2025.

Atlantic Union’s quarterly report released on November 4, 2025, provides the first comprehensive look at the acquisition’s financial impact. The deal triggered a substantial expansion of the bank’s balance sheet:

• The loan portfolio experienced significant growth, climbing from $18.5 billion to $27.4 billion.
• Goodwill related to the business combination was recorded at $512.3 million.
• A portfolio of Commercial Real Estate loans valued at $2 billion was subsequently divested Read more...