UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K
CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  December 15, 2010

SANDY SPRING BANCORP, INC.
(Exact name of registrant as specified in its charter)


Maryland
 
000-19065
 
52-1532952
(State or other jurisdiction
of incorporation)
 
(Commission File Number)
 
(IRS Employer
Identification No.)

 
17801 Georgia Avenue, Olney, Maryland  20832
(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code:  (301) 774-6400

Not Applicable
(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 

 

Item 8.01   Other Events

On December 15, 2010, Sandy Spring Bancorp, Inc. issued a news release announcing that it has redeemed all of the remaining shares of its Fixed Rate Cumulative Perpetual Preferred Stock, Series A, that it sold to the U.S. Department of the Treasury as part of the Capital Purchase Program.  A copy of the news release is included as Exhibit 99.1 to this report and is incorporated herein by reference.

Item 9.01   Financial Statements and Exhibits
 
Exhibits

 
Number
Description
     
99.1
Press Release dated December 15, 2010
 
 
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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
  SANDY SPRING BANCORP, INC.  
  (Registrant)  
       
Date:  December 15, 2010
By:
/s/ Ronald E. Kuykendall  
    Ronald E. Kuykendall  
   
General Counsel and Secretary
 
 
 
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