BALTIMORE, July 28, 2014 (GLOBE NEWSWIRE) -- Shore Bank, a full-service community bank, and Shore Premier Finance (SPF), a direct marine lending division of Shore Bank, today announced their diamond level sponsorship of the 2014 White Marlin Open at Harbour Island Marina, August 4-8, 2014.
"We are especially proud to support the White Marlin Open this year as we open our new temporary branch in West Ocean City on Stephen Decatur Highway. This is Shore Bank's third branch on the Eastern Shore of Maryland and indicative of our commitment to Ocean City and the Eastern Shore," said Tom Mears, President of Shore Bank.
Shore Bank will have a booth located behind the t-shirt tent on 14th Street and the bay during the White Marlin Open with the chance for spectators and tournament participants to win an Apple iPad mini or two Starr Rods along with two Shimano TLD 25 reels. Interested parties are encouraged to visit the Shore Bank booth throughout the week for more information on both Shore Bank and Shore Premier Finance and to enter the contest. Winners will be announced Friday evening, August 8, during weigh-ins.
"Of course, SPF is delighted to sponsor the largest bill fishing tournament in the world. As a marine lender, we finance sport fishing boats and we choose to support our customers' passion," said Herve Bonnet, President of Shore Premier Finance.
About Hampton Roads Bankshares and Shore Bank
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, Baltimore, 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.
About Shore Premier Finance
Shore Premier Finance (SPF) is a direct marine lending division of Shore Bank, a subsidiary of Hampton Roads Bankshares, Inc. Headquartered in Baltimore, MD, SPF began with a team of seasoned lending professionals who joined Shore Bank from a large European bank. SPF specializes in marine financing for US Coast Guard documented vessels to customers throughout the nation.
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 Company's commitment to certain markets 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.
CONTACT: Tom Mears, President/CEO of Shore Bank (757) 787-7023 Herve Bonnet, President/CEO of Shore Premier Finance (443) 577-0667Source:Hampton Roads Bankshares, Inc.