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Hampton Roads Bankshares Appoints Thomas Dix Interim CFO



Hampton Roads Bankshares Appoints Thomas Dix Interim CFO

VIRGINIA BEACH, Va., March 28, 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 the Board
of Directors of the Company has appointed Thomas B. Dix, III, previously
Senior Vice President, Corporate Treasurer and Corporate Secretary, to the
position of Senior Vice President, Treasurer and Interim Chief Financial
Officer, effective April 1, 2013. The effective date coincides with the
previously announced departure date of Chief Financial Officer Stephen P.
Theobald, who has accepted a position as Chief Financial Officer of Walker &
Dunlop, Inc. Dix will report to Douglas J. Glenn, President and Chief
Executive Officer. The Company has engaged Matthews, Young – Management
Consulting to conduct a search for a permanent Chief Financial Officer. 

The Company also announced that Paul A. Driscoll, General Counsel and Director
of Special Assets, will take on the additional roles of Corporate Secretary at
both the Company and BHR on a permanent basis. Vonda Smith will remain
Corporate Secretary at Shore Bank. 

Douglas J. Glenn, President and Chief Executive Officer of the Company and
Chief Executive Officer of BHR, said, "Our Finance function is strong and
continuing to improve, thanks to the hard work of Steve and the Finance
team. Thom has demonstrated his financial and management skills in every
position he has held since joining the Company and I am confident that he will
sustain the progress we are making in Finance during the search process." 

Dix has served as Senior Vice President and Treasurer of the Company and BHR
since May 2011 and as Corporate Secretary of the Company and BHR since October
2011. Previously, he served as Senior Vice President and Credit Risk Manager
of the Company, Senior Vice President and Chief Lending Officer of Shore Bank
and Vice President, Commercial Banking for BHR. Before joining BHR in April
2009, Dix held positions in credit, asset-based lending, branch management and
commercial lending with Mercantile Peninsula Bank/PNC Bank and its predecessor
institutions from 2001 to 2009. Dix earned a BA in economics from the
University of Virginia. 

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, 2012 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 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
www.hamptonroadsbanksharesinc.com.

CONTACT: Douglas J. Glenn
         President and Chief Executive Officer
         (757) 217-1000
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