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Amma Guerrier Joins Hampton Roads Bankshares as Director of Cash Management

VIRGINIA BEACH, Va., May 29, 2014 (GLOBE NEWSWIRE) -- Hampton Roads Bankshares, Inc. (Nasdaq:HMPR) (the "Company"), the holding company for The Bank of Hampton Roads ("BHR") and Shore Bank ("Shore"), today announced that Amma Guerrier joined the Company as Director of Cash Management on May 27, 2014. In this role, Guerrier will be responsible for providing leadership in building upon the Company's cash management platform, and consulting with current and prospective business clients in the Hampton Roads area to evaluate their cash management needs and offer effective solutions. Guerrier will report directly to Donna W. Richards, President of BHR, and will be based in the Company's Lynnhaven headquarters, located at 641 Lynnhaven Parkway in Virginia Beach, VA.

"Amma's nearly two decades of banking experience, much of that in Virginia Beach, combined with her outstanding track record and client relationship orientation, make her an ideal fit with our 'One Bank' strategy," Richards commented. "We are thrilled to have her lead our cash management team and help us further expand this platform, as part of our continued commitment to listen to our clients and understand and meet their needs."

Guerrier has worked at Monarch Bank in Virginia Beach since 2005, serving most recently as First Vice President and Cash Management Officer. Previously, Guerrier was an Assistant Vice President at Wachovia in Virginia Beach, and a Trainer at Bank of America in Norfolk. She earned her BA cum laude in Communications from Old Dominion University.

Guerrier serves on the board of several professional and civic organizations, including the Urban League of Hampton Roads, the Old Dominion University alumni board, and the City of Virginia Beach Minority Business Council. She has also been honored by Inside Business with its Women in Business award and its Top 40 Under 40 award.

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 strategies. 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, 2013, Quarterly Report on Form 10-Q for the quarter ended March 31, 2014, 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) 217-1000Source:Hampton Roads Bankshares, Inc.