Hampton Roads Bankshares and Bank of Hampton Roads Announce Regulators Lift Written Agreement

Hampton Roads Bankshares and Bank of Hampton Roads Announce Regulators Lift
Written Agreement

-Federal Reserve Bank of Richmond and Virginia Bureau of Financial
Institutions Terminate Written Agreement

-Written Agreement Lifted Due to Company's Continued Strong Progress

VIRGINIA BEACH, Va., Feb. 25, 2014 (GLOBE NEWSWIRE) -- Hampton Roads
Bankshares, Inc. (Nasdaq:HMPR) (the "Company"), the holding company for The
Bank of Hampton Roads ("BHR"), today announced that the Federal Reserve Bank
of Richmond ("FRB") and the Virginia Bureau of Financial Institutions ("BFI")
terminated the regulatory written agreement ("Written Agreement") entered into
on June 9, 2010, among the Company, BHR, FRB and the BFI. The Company and BHR
are no longer subject to the terms and conditions of the Written Agreement.

Douglas J. Glenn, President and Chief Executive Officer of the Company and
Chief Executive Officer of BHR, said, "We are proud of the significant
improvements in our financial condition and operations, and today's
announcement by our regulators confirms our continued progress. We are
grateful to our entire team at Hampton Roads Bankshares, The Bank of Hampton
Roads, and Shore Bank for their hard work during this time.We are now a much
stronger company, and we believe we are well-positioned to move forward and
grow in the future."

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 statements about future trends
and the Company's positioning and potential for growth.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 September 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
         (757) 217-1000
Press spacebar to pause and continue. Press esc to stop.