Olney: Sandy Spring Bank Makes Top 5 of ‘America’s Best Banks’ List by Forbes

Sandy Spring Bank is a community bank headquartered in Olney, serving the Washington metropolitan area. It operates 55 branches and 6 financial centers. The local bank came in at #5 on the 13th annual ‘America’s Best Banks’ list by esteemed business magazine, Forbes.

Forbes’ 13th annual America’s Best Banks list looks at growth, credit quality and profitability to rank the 100 largest publicly-traded banks and thrifts. Sandy Spring Bank came in 5th nationally and was the highest ranking D.C. area bank.

Per the article, bank profitability is on the rise, with 96.8% of banks profitable, according to data from the Federal Deposit Insurance Corporation, which insures or supervises more than 8,000 banks nationwide. This marks a new high water mark for this century after that number dipped as low as 69.2% in 2009.

Sandy Spring Bank was founded in 1868 by farmers who were Quakers. It was created for the farmers to pool their savings to make home loans to their neighbors.

Sandy Spring Bank History, per the bank:

The year was 1868. A group of local business and townspeople, 25 miles from the nation’s capital, were reeling from the deeply troubled economic conditions of the post Civil War era. An unprecedented number of new federal taxes had eroded the little savings they could manage.

Recovering from a long and costly war, the large banks in Washington and Baltimore seemed too cold, distant, and beholden to the federal government to bring a measure of financial security to their families. Something had to be done.

The answer would come from within the community and through the formation of a new bank; a bank that would serve the interests of all people in their community, staffed and managed by those who lived and worked in their community. It would serve the individual needs of each customer, one at a time, and through the dedicated efforts of its employees, make the community a better place to live. Over 150 years later, Sandy Spring Bank has not only survived, but has also thrived by living by those same principles.

Though our assets and presence throughout the Greater Washington region have grown, our associates still take pride in serving each and every client with consistently remarkable service, delivered with integrity. In fact, we have received numerous recognitions and awards over the course of our history, including most recently being named as a Top Workplace by The Washington Post and a Best-In-State Bank by Forbes. We continue to be at the forefront of technology in banking and provide state of the art money management and online banking services that rival those provided by the largest of banks.

Our commitment to making our community a better place to live, work, raise a family and run a business has never wavered. Through the shared effort of our employees, we give back to our community all year long. While we devote significant resources to nearly 300 non-profits across our footprint, our employees are encouraged to volunteer individually to their favorite cause.

Today, over a century and a half since we first opened our doors, we proudly serve as one of the oldest and largest independent financial institutions in the area. Yet we are still the alternative to the large, out of town banks, having never wavered from the guiding principles of our roots.

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17th Annual Kensington Day of the Book Festival

Now in its 17th year, the Kensington Day of the Book Festival is a family-friendly street festival featuring 150+ renowned authors, poets, and literary organizations. Enjoy live music on five stages, special guest speakers, military veteran writers and comedians, poetry readings, cookbook demos, children's program, and much more.

Admission is free, and attendees will also be able to explore a marketplace of books and food offerings from local vendors.

Not your average book festival! This festival offers something for everyone!

17th Annual Kensington Day of the Book Festival

Sunday, April 21, 2024, 11am-4pm (held rain or shine!)

Howard Avenue, Kensington, MD 20895

www.dayofthebook.com

Instagram: @kensingtonbookfestival

Contact: Elisenda Sola-Sole, Festival Director

[email protected]

301-949-9416 (text preferred)

FEST OF SPRING Caribbean Wine Food & Music Festival

Get ready to experience the vibrant colors, tantalizing flavors, and infectious rhythms of the Caribbean at the FEST OF SPRING Caribbean Wine Food & Music Festival! Hosted by RHU LLC, this exciting festival is set to take place on May 18, 2024, at the picturesque 16700 Barnesville Rd in Boyds, MD.

Step into a world where the Caribbean spirit comes alive! From 12:00 PM onwards, immerse yourself in a sensory journey that celebrates the unique culture, cuisine, and music of the Caribbean. Whether you're an African American, a Reggae or Soca music enthusiast, a wine lover, or part of the vibrant Caribbean diaspora, this festival promises to delight and captivate you in every way.

Let the enticing aromas of mouthwatering Caribbean dishes tantalize your taste buds. Feast on traditional delicacies prepared by expert chefs, showcasing the rich and diverse culinary heritage of the Caribbean. Indulge in flavorful jerk chicken, succulent seafood, and delectable plantain dishes that will transport you straight to the islands.

Accompanying the culinary extravaganza is a carefully curated selection of premium wines, ensuring the perfect pairing for your palate. Sip on fine wines from renowned vineyards, each sip a reflection of the Caribbean's vibrant spirit. Discover new flavors, expand your wine knowledge, and savor unforgettable moments with every glass.

As the sun sets, get ready to groove to the infectious rhythms of Caribbean music. Feel the pulsating beats of reggae, soca, dancehall, and calypso, moving your body to the lively melodies. Live performances by talented musicians and performers will keep the energy high, ensuring a night of unforgettable entertainment.

Don't miss this opportunity to embrace the Caribbean spirit and celebrate the arrival of spring in style! Tickets are available on AllEvents, so secure your spot today. Join us at the FEST OF SPRING Caribbean Wine Food & Music Festival, where cultures collide and unforgettable memories are made.

LIVE PERFORMANCES By: CULTURE Feat. Kenyatta Hill, EXCO LEVI, IMAGE BAND, RAS LIDJ REGG'GO with Special Guest SUGAR BEAR FROM E.U. & MORE! & MORE!

MUSIC By: DJ ABLAZE, DJ SMALLY & NAJ SUPREME

2 NIGHT Camping packages available: RV/CAMPER $200 | TENTS $150 Starting on Friday May 17 @ 5pm | 30 RV SPACES | 30+ TENT SPACES

KIDS 12 & UNDER FREE!!!

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