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

Adds details on the deal

Oct 5 (Reuters)Weir Group Plc WEIR.L said on Monday it had agreed to sell its oil and gas division to U.S. heavy equipment maker Caterpillar Inc CAT.N for $405 million in cash, as the engineering company focuses on its mining business.

The deal, which follows a collapse in global oil prices and a swathe of sectoral bankruptcies, will have a $70 million U.S. cash tax benefit for Weir, and the net proceeds from the deal will reduce the group’s leverage, the company said.

The transaction includes Weir’s North American and international oil and gas operations, comprising its Pressure Pumping and Pressure Control business units, and associated after-market spares among other things.

Weir Group Chief Executive Officer Jon Stanton called the move a major milestone in transforming the group into a focused, premium mining technology business.

The company said the deal, which is expected to close by the end of the year, would help it strengthen its balance sheet to enable future investments.

Weir said its oil and gas business had gross assets of 747.4 million pounds ($966.61 million) as of June 30.

($1 = 0.7732 pounds)

(Reporting by Aakash Jagadeesh Babu in Bengaluru; Editing by Vinay Dwivedi)

(([email protected]; Twitter: @JagadeeshAakash;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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