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Shore Premier Finance Announces New Partnership With Boat Quest

BALTIMORE, Md., Aug. 20, 2014 (GLOBE NEWSWIRE) -- Shore Premier Finance (SPF), a direct marine lending division of Shore Bank, announced today an exclusive partnership with Boat Quest, a division of the Active Interest Media (AIM) Marine Group and long-time trusted name in boats and yachts for sale online listings.

Boat Quest has added SPF as the preferred financing option for prospective customers looking to buy a boat. So now, in addition to viewing and reviewing thousands of listings for powerboats, sailboats, and yachts, visitors can easily select a comprehensive financing solution for their purchase at the click of a button.

"This type of collaboration with a leading financial institution such as Shore Premier Finance eases the way to boat ownership, not only for buyers and sellers, but for the industry as a whole," said Gary De Sanctis, Vice-President of AIM Marine Group.

When deciding on a purchase, BoatQuest.com visitors will be able to click a "finance your boat" button linking to a page with more information on SPF. This page will also provide contact information for SPF's credit department so that the customer can contact them directly to talk about their goals. If the customer is working with a broker through YachtCloser, it streamlines the entire process from beginning to end. The SPF landing page on BoatQuest.com can be found at http://www.boatquest.com/pages/shore-premier-finance/.

"Improving the boat buyer experience is our top priority and this partnership with Boat Quest enhances what we have done with YachtCloser by simplifying the loan application process for the broker and the customer," said Herve Bonnet, President & CEO of Shore Premier Finance. "And because it's in SPF's DNA to think outside of the box, anyone financing a pre-owned boat through SPF receives free VesselVanguard installation and a 2 year membership."

For more information on BoatQuest, visit www.boatquest.com. For more information on Shore Premier Finance, please visit www.shorepremierfinance.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.

About Boat Quest:

Based in El Segundo, CA, Active Interest Media (AIM) (www.aimmedia.com) is a leading publisher of enthusiast magazines, consumer shows, books and Internet sites. AIM's five publishing groups include Healthy Living, Marine, Home Buyer, Outdoor and Equine Group. The company publishes 52 magazine and numerous websites, including Yoga Journal, Ski, Backpacker, Power & Motoryacht, Soundings, Sail, Yachts International, PassageMaker, Vegetarian Times, American Cowboy, Log Home Living, Arts & Crafts Homes, Dressage, Black Belt, and others. AIM produces and markets conferences, DVDs and books, and produces log-and-timber home shows and seminars. The company also produces the Fort Lauderdale International Boat Show®, the largest boat show in the world. The company was formed in October 2003 by the private equity investment firm Wind Point Partners and by Skip Zimbalist.

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 functioning of products, trends and strategies, including without limitation strategic priorities. Although Shore Premier Finance (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 June 30, 2014, and other filings made with the SEC.

CONTACT: Jennifer Rogers Marketing Manager JenniferRogers@shorepremierfinance.comSource:Hampton Roads Bankshares, Inc.

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