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John Pearsall, Jr. Joins Bank of Hampton Roads Commercial Real Estate Unit in Richmond as Senior Vice President

John Pearsall, Jr. Joins Bank of Hampton Roads Commercial Real Estate Unit in
Richmond as Senior Vice President

VIRGINIA BEACH, Va., May 29, 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 John S.
Pearsall, Jr. has joined BHR's Commercial Real Estate Group as Senior Vice
President. He is based in the Short Pump Financial Center in Richmond.
Pearsall has 35 years of experience in commercial banking and commercial real
estate. BHR operates as Gateway Bank in the Richmond market.

Douglas J. Glenn, President and Chief Executive Officer of the Company and
Chief Executive Officer of BHR, said, "As part of our One Bank strategy, we
are recruiting highly experienced bankers with proven track records, deep
roots in our communities and a strong commitment to outstanding customer
service. With the addition of John to our team, we continue to build a
Commercial Real Estate Unit with a depth of expertise that is uncommon for a
community bank."

Michael J. Sykes, Head of BHR's Commercial Real Estate Unit, said, "I have
known John for thirty years, having worked with him in the commercial real
estate division of Bank of America and predecessor institutions. I look
forward to this opportunity to work with John again as we continue to build
our commercial real estate team."

Prior to joining BHR, Pearsall served for 35 years in a variety of lending
positions with Bank of America, N.A. and its predecessors. From 2008 to 2013,
he was Senior Vice President and Team Leader in Bank of America's Special
Asset Group - Real Estate, based in Richmond, VA. From 1981 to 2008, he served
in positions of increasing seniority in Commercial Real Estate banking, with
responsibility for market areas covering central, western and eastern
Virginia. His extensive prior direct real estate lending experience includes
urban, suburban, rehab, new construction, apartment, condo, office, retail,
custom & tract housing, land & land development, warehouse, and mixed use
projects.

Pearsall earned a B.S. in Economics from the Virginia Polytechnic Institute
and State University. He is active in a number of civic, community and
professional organizations and has served in leadership positions with
Richmond Habitat for Humanity, the Home Builders Association of Richmond and
the Greater Richmond Chamber of Commerce.

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 or the Company's ability to continue to
build its Commercial Real Estate Unit. 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
www.hamptonroadsbanksharesinc.com.

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