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Sandy Spring Bancorp ( (SASR) ) just unveiled an update.
Sandy Spring Bancorp has entered into a merger agreement with Atlantic Union Bankshares Corporation, where Sandy Spring will merge into Atlantic Union. As part of the merger process, Sandy Spring has made several compensatory adjustments for its executives to mitigate potential taxes under Section 280G of the Internal Revenue Code. The company has accelerated the payment, vesting, and grant of certain equity and cash-based awards for its executives, aiming to preserve tax benefits and reduce tax burdens for impacted executives.
More about Sandy Spring Bancorp
Sandy Spring Bancorp operates in the financial services industry, primarily offering banking services. The company focuses on providing community banking services, including personal and business banking, mortgage lending, and wealth management.
Average Trading Volume: 424,676
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.52B
For an in-depth examination of SASR stock, go to TipRanks’ Stock Analysis page.
