Sandy Spring Bancorp (SASR) has been working with financial advisers as it considers takeover talks with potential buyers, Crystal Tse and Matthew Monks of Bloomberg report, citing people familiar with the matter. Sandy Spring has held discussions with suitors including Atlantic Union Bankshares (AUB), sources told Bloomberg. Atlantic Union and Sandy Spring have complementary branch-footprints in the mid-Atlantic region, “making them ideal merger partners,” according to Bloomberg. Shares of Sandy Spring are up 2% to $31.28 following the report.
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