A Virginia banking company plans to acquire Maryland-based Sandy Spring Bancorp in a deal valued at about $1.6 billion, creating one of the MidAtlantic region’s largest banks and cementing

Atlantic Union Bank is expanding further into Northern Virginia and Maryland with the $1.6 billion purchase of Maryland’s Sandy Spring Bank, an acquisition announced Monday. The two banks’ parent companies,

Atlantic Union Bankshares Corporation is acquiring Sandy Spring Bancorp in an all-stock transaction that values Sandy Spring at about $1.6 billion. The two companies made the announcement Oct. 21. The