OLNEY, Md., Oct. 28, 2010 (GLOBE NEWSWIRE) -- Sandy Spring Bank announces the appointment of Frederic G. Burke, Jr. as Senior Vice President and Manager of the Investment Management and Fiduciary Services (IMFS) Division.
"Burke's extensive experience in Trust and Asset Management for a variety of financial organizations gives Sandy Spring Bank a level of leadership that allows us to continue serving our clients with a proven expert," states Lou Caceres, Executive Vice President. "For over 25 years, Burke has successfully assisted his clients to meet their financial objectives. We look forward to bringing his skills and expertise to our clients."
Burke will be responsible for directing the Bank's IMFS division, including development of new investment management and trust business, investment research, and portfolio management. The IMFS division manages a portfolio of individual investment management and trust accounts. The Division also administers a variety of tax qualified retirement plans for companies and individuals. Burke stated, "Sandy Spring Bank is a leader in the area of progressive investment and trust management. I was interested in joining the bank for its long history of success, its dedication to the community and clients, and the opportunity to work with a talented team that has consistently proven their abilities."
Burke's professional involvement includes membership in the District of Columbia Bar Association and Chair of the Finance Committee at Suburban Hospital Foundation. His community involvement has included Chair and committee duties with Prince George's County Library Foundation and the Hospital for Sick Children in Washington, D.C. Burke is a native Washingtonian and resides in Bethesda, Maryland with his wife.
About Sandy Spring Bancorp/Sandy Spring Bank
With $3.6 billion in assets, Sandy Spring Bancorp is the holding company for Sandy Spring Bank and its principal subsidiaries, Sandy Spring Insurance Corporation, The Equipment Leasing Company and West Financial Services, Inc. Sandy Spring Bancorp is the largest publicly traded banking company headquartered and operating in Maryland. Sandy Spring is a community banking organization that focuses its lending and other services on businesses and consumers in the local market area. Independent and community-oriented, Sandy Spring Bank was founded in 1868 and offers a broad range of commercial banking, retail banking and trust services through 43 community offices in Anne Arundel, Carroll, Frederick, Howard, Montgomery, and Prince George's counties in Maryland, and Fairfax and Loudoun counties in Virginia. Through its subsidiaries, Sandy Spring Bank also offers a comprehensive menu of leasing, insurance and investment management services. Visit www.sandyspringbank.com to locate an ATM near you or for more information about Sandy Spring Bank.
The Sandy Spring Bank logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4139