Atlantic Union Bank will acquire Sandy Spring Bank for $1.6 billion. We’ve posted about both Atlantic Union Bank VA, MD NC & Sandy Spring Bank (DC, MD, VA, DE, PA, or WV) as they have both offered bank bonuses in the past.
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Email from Sandy Spring today. The highlights:
“As you may know, we will become a division of Atlantic Union Bank (AUB) effective April 1, 2025, and our name and systems will change to AUB later in the year.”
“No immediate action required – For now, continue using your debit card and checks and access digital banking as you typically do. When there are important dates and actions you need to take, you will receive timely communications. We encourage you to confirm that your mailing address, phone number and email address are up to date either by visiting a branch or through Digital Banking.”
Unfortunate, good churning bank runs while it lasted. RIP Sandy Spring 🪦.
Approved and scheduled to close on 4/1
https://investors.atlanticunionbank.com/news-events/press-releases/detail/193/atlantic-union-bankshares-corporation-and-sandy-spring
Sandy spring bank is the only bank I’ve ever complained to the CFPB about.