Hampton Roads Bankshares Announces Opening of Branch in Ocean City, Maryland
June 26 2014 - 8:00AM
Hampton Roads Bankshares, Inc. (Nasdaq:HMPR) (the "Company"), the
holding company for The Bank of Hampton Roads ("BHR") and Shore
Bank ("Shore"), today announced the opening of a new Shore Bank
branch in Ocean City, Maryland. The branch is located at 9748
Stephen Decatur Highway, and is Shore's third branch on the Eastern
Shore of Maryland.
Collectively, the new branch team has several decades of banking
and local experience. Branch Manager Laurie Isaacs has over 25
years of banking experience, most recently serving at Bank of Ocean
City as Branch Manager, Loan Officer, and Assistant Vice
President. The team also includes Customer Service
Representative Jackie Geiger and Personal Banker Sarah Wagner, who
each have over 10 years of banking and customer service
experience.
Douglas J. Glenn, President and Chief Executive Officer of the
Company and Chief Executive Officer of BHR, said, "Our 'One Bank'
strategy is about experienced bankers providing personal attention
to families and businesses in the communities we serve, and our new
Ocean City branch is another important step toward delivering on
our commitment. Laurie, Jackie and Sarah all have strong roots
in Ocean City and a long and outstanding track record of banking
experience, and we are excited to have them on our team."
Shore's Ocean City branch will offer a full range of community
and commercial banking services, targeting the needs of individuals
and businesses. The branch will be open Mondays through
Thursdays from 9:00am to 5:00pm, Fridays from 9:00am to 6:00pm, and
Saturdays from 9:00am to 12:00pm.
Caution About Forward-Looking Statements
Certain statements made in this press release may constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of
1995. Forward-looking statements are statements that
include projections, predictions, expectations, or beliefs about
events or results or otherwise are not statements of historical
facts, including prospective statements about the performance of
the Company's personnel and statements about future trends and
strategies. Although the Company believes that its
expectations with respect to such forward-looking statements are
based upon reasonable assumptions within the bounds of its existing
knowledge of its business and operations, there can be no assurance
that actual results, performance or achievements of the Company
will not differ materially from those expressed or implied by such
forward-looking statements. Factors that could cause
actual events or results to differ significantly from those
described in the forward-looking statements include, but are not
limited to those described in the cautionary language included
under the headings "Risk Factors" and "Management's Discussion and
Analysis of Financial Condition and Results of Operations" in the
Company's Annual Report on Form 10-K for the fiscal year ended
December 31, 2013, Quarterly Report on Form 10-Q for the quarter
ended March 31, 2014, and other filings made with the SEC.
About Hampton Roads Bankshares
Hampton Roads Bankshares, Inc. is a bank holding
company that was formed in 2001 and is headquartered in Virginia
Beach, Virginia. The Company's primary subsidiaries are The Bank of
Hampton Roads, which opened for business in 1987, and Shore Bank,
which opened in 1961 (the "Banks"). The Banks engage in general
community and commercial banking business, targeting the needs of
individuals and small to medium-sized businesses. Currently, The
Bank of Hampton Roads operates banking offices in Virginia and
North Carolina doing business as The Bank of Hampton Roads and
Gateway Bank & Trust Co. Shore Bank serves the Eastern Shore of
Virginia, eastern Maryland, and southern Delaware through eight
banking offices, ATMs, and loan production offices in West Ocean
City, Maryland and Rehoboth Beach, Delaware. Through various
affiliates, the Banks also offer mortgage banking services. Shares
of the Company's common stock are traded on the NASDAQ Global
Select Market under the symbol "HMPR." Additional information about
the Company and its subsidiaries can be found at
www.hamptonroadsbanksharesinc.com.
CONTACT: Douglas J. Glenn
President and Chief Executive Officer
(757) 217-1000
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