Sandy Spring Bank Appoints Sherman Moore as New Division Executive of Sandy Spring Private Client Group

Rhea-AI Summary

Sandy Spring Bank has promoted Sherman W. Moore to Division Executive of the Sandy Spring Private Client Group, overseeing a team of 40 and managing nearly $2 billion in investments. With over 25 years in financial services, Moore aims to enhance client offerings through a holistic approach, integrating trust services and private banking. His leadership is expected to bring fresh perspectives to the organization. Moore previously held senior roles at major institutions, including PNC Bank and Riggs Bank.

Positive

• Moore's extensive experience may enhance leadership effectiveness.
• The promotion aims to strengthen client services across wealth management.
• Holistic approach to financial needs could attract more clients.

Negative

• Potential concerns about continuity due to Moore's previous short tenure.

OLNEY, Md., May 25, 2022 (GLOBE NEWSWIRE) -- Sandy Spring Bank announced today the promotion of Sherman W. Moore to Division Executive of the Sandy Spring Private Client Group. In this role, Moore will lead a 40-person team overseeing nearly $2 billion in investments.

“Sandy Spring Bank’s Private Client Group takes a holistic approach to meeting clients’ financial needs through trust services, private banking, wealth planning and investment management,” said R. Louis Caceres, Executive Vice President at Sandy Spring Bank. “Sherman brings a fresh perspective and creative ideas to his new role, and I look forward to seeing how he collaborates with others throughout the Bank to serve our clients.”

Moore joined the company in 2022 as Senior Vice President and Private Client Group Sales Manager. He brings more than 25 years of experience in the financial services industry, most recently with two Registered Investment Advisory (RIA) firms, in the Washington, D.C. market. He has also held senior leadership roles at PNC Bank as the Southeastern Regional Sales Director for its Wealth Management Group and at the former Riggs Bank as the Executive Director of its Private Banking Group.

“I was drawn to Sandy Spring Bank because it is a community bank that provides big bank solutions,” said Moore. “Teams across the Bank partner to provide clients a full-service experience, from private banking to wealth planning to trust. Our clients have peace of mind knowing that their banking partner will be with them every step of the way, ensuring their families are set up for success.”

Moore will work out of Sandy Spring Bank’s Olney headquarters. He resides in Arnold, Maryland with his wife, and has two grown children.

About Sandy Spring Bancorp, Inc.

Sandy Spring Bancorp, Inc. (Nasdaq: SASR), headquartered in Olney, Maryland, is the holding company for Sandy Spring Bank, 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, Northern Virginia, and Washington, D.C. Through its subsidiaries, Rembert Pendleton Jackson, Sandy Spring Insurance Corporation and West Financial Services, Inc., Sandy Spring Bank also offers a comprehensive menu of insurance and wealth management services.

Media Contact:
Sam Price
sprice@sandyspringbank.com
301.260.3614

FAQ

Who is Sherman W. Moore and what is his role at Sandy Spring Bank?

Sherman W. Moore is the newly promoted Division Executive of the Sandy Spring Private Client Group, leading a team responsible for nearly $2 billion in investments.

What experience does Sherman W. Moore bring to Sandy Spring Bank?

Moore has over 25 years of experience in financial services, with previous roles at two RIA firms and at PNC Bank as Southeastern Regional Sales Director.

What is the significance of Moore's promotion for Sandy Spring Bank?

His promotion is expected to enhance client services and bring innovative strategies to meet financial needs through a comprehensive approach.

What does the Sandy Spring Private Client Group focus on?

The Sandy Spring Private Client Group focuses on providing integrated financial services including trust services, private banking, wealth planning, and investment management.

How might Sherman W. Moore's leadership impact shareholders of SASR?

Moore's leadership could potentially improve client acquisition and retention, which may benefit the financial performance and stock value of SASR.