OLNEY, Md., April 25, 2019 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (SASR), the parent company of Sandy Spring Bank, announced today that Mark C. Micklem was elected to its board of directors. Micklem, the former Managing Director and Head of Financial Services Investment Banking for Robert W. Baird & Co. (“Baird”), was elected at the annual meeting of shareholders held yesterday, April 24, 2019.
“Mark’s extensive experience in financial and capital markets, as well as mergers and acquisitions, will help our company continue to grow in meaningful ways and deliver results for our clients, employees and shareholders,” said Daniel J. Schrider, President and CEO of Sandy Spring Bank. “Mark has served as a trusted advisor to our company in the past, and I look forward to working with him again as a member of our board.”
Micklem, 60, retired in 2018 after a 34-year career in investment banking, which included extensive partnerships with Sandy Spring Bancorp over the years. Most recently, he spent 12 years with Baird, where he focused on providing equity and debt financing and merger and acquisition advisory services to banks and thrifts and other companies in the financial services sector. Prior to joining Baird, Micklem was with Legg Mason for more than 21 years, including 10 years as the head of Legg Mason’s Financial Services Investment Banking Group. Throughout his career as a senior investment banker, Micklem was responsible for originating over 200 financing and merger and acquisition advisory assignments for financial services clients. He also supervised and executed 31 buy- and sell-side assignments, representing over $2 billion in consideration.
“Mark knows our industry, our company, and our market very well, and he will bring a great deal of value to our board,” said Chairman Robert L. Orndorff.
In his new role, Micklem will serve on the Risk and Compensation Committees.
Micklem graduated cum laude from Virginia Tech where he also received his MBA. He is a long-time resident of the Washington, D. C. metropolitan area and currently resides in Northern Virginia.
It was also announced that Dennis A. Starliper retired from the board yesterday after nine years of dedicated service.
About Sandy Spring Bancorp, Inc.
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. Visit www.sandyspringbank.com for more information.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/43b81845-75d0-4dae-acd0-6da6bf8ce490