Pamela Ellyson Joins Hampton Roads Bankshares as Vice President, Senior Business Development Officer

VIRGINIA BEACH, Va., July 28, 2014 (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 Pamela N. Ellyson has joined the Company as Vice President, Senior Business Development Officer. Based in Chesapeake, Virginia, Ellyson reports to Debbie Mast, Senior Vice President, Senior Business Development Officer, and will be responsible for business development outreach and related initiatives, advising on cash management and customized deposit solutions, and working closely with Financial Center Managers and Commercial Relationship Managers to expand existing client relationships.

Donna W. Richards, President of BHR, said, "We are very pleased to welcome Pam to our business development team, building on the hiring of Debbie Mast earlier this month. Pam has a proven track record in sales and business development over the past 17 years, including having worked with Debbie at a local bank in sales and management positions for the past six years. We continue to execute our One Bank strategy by adding to our team of outstanding bankers who have strong roots in our communities and understand the needs of the businesses and families we serve."

Ellyson has worked at Monarch Bank in Chesapeake since 2008, most recently serving as Vice President/Branch Manager. Previously, she was a Licensed Personal Banker. Prior to joining Monarch Bank, Ellyson held sales and business development positions in the telecommunications and pharmaceuticals industries. Ellyson received a Bachelor of Arts degree in English/Journalism from Old Dominion University in Norfolk, VA.

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 the anticipated performance of the Company's personnel and 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 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.