In Brief: Maryland Bank Buying 7 Mellon Branches

Sandy Spring Bancorp said Thursday that it has a deal to buy $235 million of deposits and seven retail offices from Pittsburgh's Mellon Bank Corp. for about $25 million.

Sandy Spring, with $1.3 billion of assets, operates 23 branches in four Maryland counties. The deal would give it six more Maryland branches and its first in northern Virginia. The deal is expected to be completed by the end of the third quarter.

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