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- Sandy Spring Bancorp (NASDAQ:SASR) stock jumped 3.7% in Wednesday afternoon trading after a media report that the bank is working with an adviser to consider takeover talks with potential acquirers.
- The company, based in Olney, Maryland, has held talks with Atlantic Union Bankshares (NYSE:AUB), Bloomberg News reported, citing people familiar with the matter.
- The discussions are preliminary, no deal is imminent, and Sandy Spring (SASR) could decide to remain independent, one of the people said.
