The $12.7 billion-asset company said in press
release Thursday that the transaction closed on June 1. The pricing wasn’t disclosed.
“Our clients will now have access to an expanded
offering of insurance solutions through Hub,” Lou Caceres, an executive vice president
of Sandy Spring Bank, said in the release.
“All of the Sandy Spring Insurance … employees
have been offered positions with Hub, and they will continue to provide
outstanding service to their clients as they always have,” Caceres added. “I
want to thank each of these employees for their contributions to Sandy Spring
Bank and all of the communities that we serve.”
Reagan Consulting and Kilpatrick Townsend &
Stockton advised Sandy Spring.
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