Kevin Chase Joins The Bank of Hampton Roads as Senior Vice President -
Over 35 Years of Experience in Commercial Real Estate Finance
VIRGINIA BEACH, Va., Jan. 17, 2013 (GLOBE NEWSWIRE) -- Hampton Roads
Bankshares, Inc. (Nasdaq:HMPR) (the "Company"), the holding company for The
Bank of Hampton Roads ("BHR") and Shore Bank, today announced that Kevin J.
Chase has joined BHR's commercial banking team in Richmond as Senior Vice
President – Commercial Banking, reporting to Richard Byrne, President of the
Richmond market. Chase brings over 35 years of experience in commercial real
estate finance in Richmond and surrounding areas.
Douglas J. Glenn, President and Chief Executive Officer of the Company and
Chief Executive Officer of BHR, said, "We are very pleased to welcome Kevin to
our team.He brings a proven track record, deep knowledge of real estate
markets in our region, and decades of experience across all aspects of
commercial real estate finance, including origination, underwriting,
structuring, servicing and workouts."
Prior to joining BHR, Chase served as Senior Vice President and Commercial
Real Estate Relationship Manager with SunTrust Bank in Richmond.From 1993 to
2008, he served in various positions with Genworth Financial and its
predecessors GE Financial Assurance and Life Insurance Company of
Virginia.From 1974 to 1993, Chase worked for commercial mortgage banking
firms in Richmond that arranged financings for properties in central Virginia
with correspondent life insurance companies and banks.
Chase earned a BS in Commerce from the University of Virginia.He is a
Licensed Virginia Certified General Appraiser and a member of the Richmond
Real Estate Group and GRACRE (Greater Richmond Area Commercial Real
Estate).Chase serves on the boards of William Byrd Community House and
Virginia Supportive Housing.
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.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, 2011, Quarterly Report on Form 10-Q for the
quarter ended September 30, 2012and 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 Maryland and Virginia through seven banking
offices, ATMs and a loan production office in West Ocean City, Maryland.
Through various affiliates, the Banks also offer mortgage banking services and
investment products.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
CONTACT: Stephen P. Theobald
Executive Vice President and Chief Financial Officer
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