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baltimoresun.com

Sandy Spring Bank offers help for furloughed workers

Lorraine Mirabella

3:57 PM EDT, October 4, 2013

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If you are a furloughed government employee or member of the military who is struggling financially, Sandy Spring Bank is offering help.

The bank  launched several programs Friday targeted at workers affected by the shutdown.

"Because of our close proximity to Washington DC, a large number of our clients and local community members are feeling the effects of the government shutdown," said CEO Dan Schrider in the announcement. "We understand the gravity of this situation, and it is our goal to help all citizens, both existing clients and community members through this process."

Offerings include:

-Personal lines of credit up to $7,500 at a special low rate for 60 days.

-Payment extension options for the bank's consumer clients on various loan products.

-Penalty-free Certificates of Deposit withdrawals for clients who have CD's with Sandy Spring Bank – up to $7,500.

-Financial counseling at bank branches by personal bankers.

Sandy Spring Bancorp Inc., the holding company for the bank, has $4.1 billion in assets and is the largest publicly traded banking company based in Maryland. The company has 49 community offices in Anne Arundel, Carroll, Howard, Frederick, Montgomery and Prince George's counties as well as in Virginia.

lorraine.mirabella@baltsun.com

 

 

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