Mike Becraft Joins Gateway Bank Mortgage as Vice President of Business
VIRGINIA BEACH, Va., May 22, 2013 (GLOBE NEWSWIRE) -- Hampton Roads
Bankshares, Inc. (Nasdaq:HMPR) (the "Company"), the holding company for The
Bank of Hampton Roads and Shore Bank, today announced that Mike Becraft has
joined its subsidiary, Gateway Bank Mortgage ("Gateway"), as Vice President of
Business Development.He will be located in the Hilltop Financial Center in
Virginia Beach.Becraft has 17 years of experience in mortgage, consumer and
commercial banking in the Norfolk market.
Chris Corchiani, CEO of Gateway, said: "Our goal is for Gateway to be a core
part of the Hampton Roads Bankshares franchise in all of our markets and a
sustainable, long-term business.We continue to attract proven mortgage
professionals like Mike, who share our excitement about this opportunity and
will help make our goal a reality."
Stefanie Levensalor, who recently rejoined Gateway as Vice President and
Hampton Roads Market Manager, said, "I am delighted to be back at Gateway and
excited about the opportunity to build our mortgage business in the Hampton
Roads area.I have known Mike for many years, welcome him to the team and am
confident that he will bring great energy, commitment and professionalism to
serving our customers in the Virginia Beach market."
Prior to joining Gateway, Becraft served as Vice President – Commercial Lender
at Farmers Bank in Windsor/Suffolk, Virginia.Previously, he served in a
variety of mortgage and consumer banking positions over a 15-year period with
PNC Bank and its predecessor, RBC Bank, in Norfolk.Prior to PNC/RBC, Becraft
served as a Branch manager at Cenit Bank in Norfolk.
Becraft earned a B.S. in Business Administration at Old Dominion University.
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 the ability of the Company to
continue attracting qualified personnel and building its mortgage business.
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,
Quarterly Report on Form 10-Q for the quarter ended March 31, 2013, and other
filings made with the SEC.
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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