Hampton Roads Bankshares Appoints James Burr to Board of Directors
VIRGINIA BEACH, Va., May 16, 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 James F.
Burr has been appointed to its Board of Directors.
Burr has been a Managing Director in the Carlyle Group's Global Financial
Services Group since 2008. Previously, he served in several senior positions,
including Corporate Treasurer, with Wachovia Bank from 1992 to 2008. Burr
began his career at Ernst and Young, where he was a C.P.A. focused on banking
and computer audit issues.
Affiliates of the Carlyle Group held beneficial ownership of 24.90% of the
Company's outstanding shares of common stock as of March 31, 2013.
About Hampton Roads Bankshares
Hampton Roads Bankshares, Inc. is a bank holding company 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 (collectively, 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 33
banking offices in Virginia and North Carolina doing business as 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 two loan
production offices in West Ocean City, Maryland and Rehoboth Beach, Delaware.
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: Douglas J. Glenn
President and Chief Executive Officer
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