Noha Galal Joins Sandy Spring Bank as Senior Vice President and Middle Market Team Leader for Corporate and Institutional Banking Division

Rhea-AI Summary

Sandy Spring Bank, a subsidiary of Sandy Spring Bancorp (NASDAQ: SASR), appointed Noha Galal as Senior Vice President and Middle Market Team Leader. This move aims to enhance the bank's strategies in the middle market and corporate banking sectors, critical for regional economic growth. Galal has extensive experience in credit, underwriting, and M&A financing, joining from Truist, and previously working at Bank of America and Citibank. Her role focuses on developing tailored solutions for privately-owned firms contributing significantly to the region's GDP and employment, ensuring the bank's continued momentum in servicing these vital sectors.

Positive

• Appointment of Noha Galal as Senior Vice President indicates strategic growth focus.
• Galal's extensive banking experience enhances credibility and expertise in middle market services.
• Her ability to develop client-centric solutions supports sustainable bank growth.

Negative

• None.

New position to lead bank strategies supporting the region’s critical middle market and corporate sectors

OLNEY, Md., Feb. 22, 2023 (GLOBE NEWSWIRE) -- Sandy Spring Bank, a subsidiary of Sandy Spring Bancorp, Inc. (Nasdaq: SASR), announced today that Noha Galal has joined the Bank as Senior Vice President and Middle Market Team Leader for Corporate and Institutional Banking to help the Bank accelerate its strategic growth in the middle market and corporate banking sectors.

“In addition to her diverse banking experience both globally and domestically, Noha brings her strong business acumen, extensive knowledge, and outstanding leadership skills to Sandy Spring Bank,” said Mark Moore, Division Executive of Corporate and Institutional Banking. “Noha is an extremely talented and seasoned banker with vast expertise in credit and underwriting, merger and acquisition (M&A) financing, corporate finance, and treasury management. She has proven experience developing client-centric, integrated banking solutions for privately-owned and closely-held companies with annual revenues in the range of $50 million to $1 billion, including large corporates with complex operations and those with private equity sponsors.”

Moore continued, “Noha will leverage Sandy Spring Bank’s capabilities in specialty lending, wealth management, private banking, treasury management and depository services, and various additional advisory services, sustaining our momentum with companies that are major contributors to the economic strength and vitality of the Greater Washington D.C. Metropolitan area and throughout Maryland and Virginia. We are very excited to have such a dynamic leader exclusively focused on this important growth sector of Sandy Spring Bank.”

Galal joins Sandy Spring Bank from Truist, where she served as Senior Vice President, Middle Market and Aerospace, Defense and Government Services Practice. Prior to joining Truist, Galal served in similar roles at Bank of America, Merrill Lynch, and Citibank.

“I am excited to join the Sandy Spring Bank team and provide customized products and services to this critical sector which represents roughly one third of the private sector GDP and employment. My focus is on providing scalable solutions to our clients and companies within the communities we serve at the relevant stages of their company’s business lifecycle. This is critical as firms strategize to achieve their growth goals whether organically or inorganically, and realize greater efficiencies,” said Noha Galal.   “Our solutions help business owners realize their personal goals, and build and preserve their legacy either through multi-generational ownership or an effective transition plan. With the unique, fast-paced challenges that both the US and the global economy have faced recently, these middle market companies and their owners are seeking financial partners committed to their success and goals.”

Galal is a resident of Montgomery County, is engaged in various leadership roles with a variety of business and community organizations, and is bilingual with fluency in Arabic.

About Sandy Spring Bank

Sandy Spring Bank is the wholly owned subsidiary of Sandy Spring Bancorp, Inc. (NASDAQ: SASR), a financial services company headquartered in Olney, Maryland. Sandy Spring Bank is a premier community bank in the Greater Washington, D.C. region. With over 50 locations, the bank offers a broad range of commercial and retail banking, mortgage, private banking, and trust services throughout Maryland, Virginia, and Washington, D.C. Through its subsidiaries, Rembert Pendleton Jackson, and West Financial Services, Inc., Sandy Spring Bank also offers a comprehensive menu of wealth management services.

Contact: Diane Deskins Hicks
240-749-9261
dhicks@sandyspringbank.com

FAQ

What is the significance of Noha Galal's appointment at Sandy Spring Bank?

Noha Galal's appointment as Senior Vice President aims to strengthen strategies in the middle market and corporate banking sectors.

How will Noha Galal contribute to Sandy Spring Bank's growth?

Galal's experience in credit, underwriting, and M&A financing will help deliver tailored solutions for privately-owned companies.

What sectors are critical for Sandy Spring Bank's strategic growth?

The middle market and corporate banking sectors are crucial for the bank's growth strategy, representing a significant portion of the region's economy.