Olney-based Sandy Spring Bancorp. (NASDAQ: SASR) is buying the smaller Rockville-based Revere Bank for about $460.7 million, the two companies announced Tuesday morning. The deal, in which Revere Bank shareholders will receive 1.05 shares of Sandy Spring for each share of Revere they own, is expected to close in the first quarter of 2020. With combined assets of $11.2 billion, Sandy Spring Bank will blow past the $10 billion threshold and into a realm of increased regulatory scrutiny. “Our company…
from https://www.bizjournals.com/baltimore/news/2019/09/24/sandy-spring-to-buy-revere-bank-in-460m-deal.html?ana=RSS&s=article_search
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