Sandy Spring Bancorp, Inc. has announced the appointment of Charles S. Cullum as Chief Financial Officer. Cullum, who previously held the role of Deputy Chief Financial Officer and Treasurer, has been promoted to lead the financial operations of the company. His predecessor, Philip J. Mantua, will continue to support the leadership transition until the end of the year before his retirement.
Cullum's journey in the banking industry began 20 years ago as a teller, and he joined Sandy Spring Bank in 2006 as a Market Research Analyst. Over the years, he has progressed through the ranks in the Finance Division, culminating in his recent appointment as Chief Financial Officer.
Under Cullum's leadership, the company has experienced significant growth, with its operations expanding from a $3 billion entity to a $14 billion financial services company serving the Greater Washington region.
In the first quarter of this year, the company demonstrated positive momentum, positioning itself well for this transition. Cullum expressed his enthusiasm for advancing his career within the organization and emphasized his commitment to furthering the company's growth by providing excellent client service and delivering shareholder value.
Sandy Spring Bancorp, Inc., a financial services company headquartered in Olney, Maryland, is a premier community bank in the Greater Washington, D.C. region, with over 50 locations offering a broad range of commercial and retail banking, mortgage, private banking, and trust services throughout Maryland, Virginia, and Washington, D.C. Through its subsidiaries, the company also offers comprehensive wealth management services.
This transition in the leadership of Sandy Spring Bancorp, Inc. reflects the company's commitment to its continued growth and success within the financial services industry. Following these announcements, the company's shares moved -3.0%, and are now trading at a price of $23.35. Check out the company's full 8-K submission here.
