Carol Richardson, Division Executive of Personal and Business Banking at Sandy Spring Bank

Sandy Spring Bank announced today that is has appointed Carol Richardson as Division Executive of Personal and Business Banking.
Sandy Spring Bank announced today that is has appointed Carol Richardson as Division Executive of Personal and Business Banking.
Sandy Spring Bank announced today that is has appointed Carol Richardson as Division Executive of Personal and Business Banking.

OLNEY, Md., Oct. 07, 2020 (GLOBE NEWSWIRE) — Sandy Spring Bank announced today that Carol Richardson has joined the company as Division Executive of Personal and Business Banking.   Richardson will concentrate on leading the bank’s branch network and small business banking group across the Washington DC, Maryland and Virginia region. Her role will be focused on implementing strategic initiatives that will provide the best possible service for both retail and business clients through both traditional and digital banking channels. She is originally from Scotland and now resides in Leesburg, Virginia. She will work out of the bank’s corporate office in Reston, Virginia.

“As a growing organization, we are laser-focused on optimizing the digital delivery of our products and services to clients with the personalized approach that our bank has always been known for in the market,” said Jay O’Brien, Executive Vice President and Chief Banking Officer at Sandy Spring Bank.” Carol has a strong track record of successfully driving client engagement at larger organizations, and she is experienced with mentoring and training talent across organizations. This is a winning combination for Sandy Spring Bank and our clients.”

Richardson has more than 25 years of professional experience in regional, national and international banks and financial institutions.   She was most recently an independent consultant providing strategic planning and analysis, leadership instruction and executive consulting to help businesses, government agencies and individuals optimize their performance. She has also had extensive experience and success in coaching and developing teams. Previously, she was a

WASHINGTON (AP) — The U.S. economy plunged at an unprecedented rate this spring and even with a record rebound expected in the just-ended third quarter, the U.S. economy will likely shrink this year, the first time that has happened since the Great Recession.

The gross domestic product, the economy’s total output of goods and services, fell at a rate of 31.4% in the April-June quarter, only slightly changed from the 31.7% drop estimated one month ago, the Commerce Department reported Wednesday.

The government’s last look at the second quarter showed a decline that was more than three times larger than the fall of 10% in the first quarter of 1958 when Dwight Eisenhower was president, which had been the largest decline in U.S. history.


Economists believe the economy will expand at an annual rate of 30% in the current quarter as businesses have re-opened and millions of people have gone back to work. That would shatter the old record for a quarterly GDP increase, a 16.7% surge in the first quarter of 1950 when Harry Truman was president.

The government will not release its July-September GDP report until Oct. 29, just five days before the presidential election.

While President Donald Trump is counting on an economic rebound to convince voters to give him a second term, economists said any such bounce back this year is a longshot.

Economists are forecasting that growth will slow significantly in the final three months of this year to a rate of around 4% and the U.S. could actually topple back into a recession if Congress fails to pass another stimulus measure or if there is a resurgence of COVID-19. There are upticks in infections occurring right now in some regions of the country, including New York.

“There are a lot of potential pitfalls out