Thomas Dix Appointed CFO of Hampton Roads Bankshares
VIRGINIA BEACH, Va., Sept. 26, 2013 (GLOBE NEWSWIRE) -- Hampton Roads
Bankshares, Inc. (Nasdaq:HMPR) (the "Company"), the holding company for The
Bank of Hampton Roads ("BHR") and Shore Bank, announced today that Thomas B.
Dix III has been appointed Executive Vice President, Chief Financial Officer
and Treasurer of the Company. In this position, Dix will report to Douglas J.
Glenn, President and Chief Executive Officer of the Company and Chief
Executive Officer of BHR, and will be responsible for directing the financial
functions of the holding company and its subsidiaries, including accounting,
tax, treasury, financial planning, investor relations and vendor management.
Glenn said, "We conducted a thorough search process with the assistance of
Heidrick & Struggles and determined that Thom was the most qualified candidate
to lead our finance function.Since his appointment to the Interim CFO role in
April, Thom has consistently demonstrated the range and depth of skills and
judgment required of a strong CFO.The Board and I have great confidence that
he will sustain the progress we have been making in Finance."
Dix has served as Senior Vice President, Treasurer and Interim Chief Financial
Officer since April 2013.He was appointed Senior Vice President and Treasurer
of the Company and BHR in May 2011. He also served as Corporate Secretary of
the Company and BHR from October 2011 to April 2013.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 and duties of Company executives.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 June 30, 2013, 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 Virginia, eastern Maryland, and southern Delaware
through seven banking offices, ATMs, and 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
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