Sandy Spring Bancorp in Olney, Md., made some noise last week in announcing a deal to buy seven branches from Mellon Bank Corp.

The $1.3 billion-asset company, which has not made an acquisition since 1996, plans to pay about $25 million for six Maryland branches and one in Tysons Corner, Va., it said Thursday.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.