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Hampton Roads Bankshares Announces Opening of Branch in Ocean City, Maryland

VIRGINIA BEACH, Va., June 26, 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 the opening of a new Shore Bank branch in Ocean City, Maryland. The branch is located at 9748 Stephen Decatur Highway, and is Shore's third branch on the Eastern Shore of Maryland.

Collectively, the new branch team has several decades of banking and local experience. Branch Manager Laurie Isaacs has over 25 years of banking experience, most recently serving at Bank of Ocean City as Branch Manager, Loan Officer, and Assistant Vice President. The team also includes Customer Service Representative Jackie Geiger and Personal Banker Sarah Wagner, who each have over 10 years of banking and customer service experience.

Douglas J. Glenn, President and Chief Executive Officer of the Company and Chief Executive Officer of BHR, said, "Our 'One Bank' strategy is about experienced bankers providing personal attention to families and businesses in the communities we serve, and our new Ocean City branch is another important step toward delivering on our commitment. Laurie, Jackie and Sarah all have strong roots in Ocean City and a long and outstanding track record of banking experience, and we are excited to have them on our team."

Shore's Ocean City branch will offer a full range of community and commercial banking services, targeting the needs of individuals and businesses. The branch will be open Mondays through Thursdays from 9:00am to 5:00pm, Fridays from 9:00am to 6:00pm, and Saturdays from 9:00am to 12:00pm.

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 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 eight 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. 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.