UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K
CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  January 15, 2009

SANDY SPRING BANCORP, INC.
(Exact name of registrant as specified in its charter)


Maryland
  
000-19065
  
52-1532952
(State or other jurisdiction
of incorporation)
  
(Commission File Number)
  
(IRS Employer
Identification No.)

 
17801 Georgia Avenue, Olney, Maryland  20832
(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code:  (301) 774-6400

Not Applicable
(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 

Item 2.02
Results of Operations and Financial Condition.

On January 15, 2009, Sandy Spring Bancorp, Inc. issued a press release in which it announced that it projected a fourth quarter provision for loan losses of approximately $17.8 million and a $1.9 million pretax, non-cash charge related to impairment of the remaining goodwill associated with its leasing subsidiary, The Equipment Leasing Company.  A copy of the press release is filed as Exhibit 99.1 hereto.

Item 9.01
Exhibits

Exhibits

99.1               Press Release dated January 15, 2009
 

 
 
 
 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 


 
SANDY SPRING BANCORP, INC.
 
(Registrant)
     
     
     
Date: January 20, 2009
By:
/s/ Daniel J. Schrider
   
Daniel J. Schrider
   
President and Chief Executive Officer