×

Shore Premier Finance Announces Strategic Partnership With TUI Marine

BALTIMORE, Sept. 2, 2014 (GLOBE NEWSWIRE) -- Shore Premier Finance, a direct marine lending division of Shore Bank, announced today a new strategic partnership with TUI Marine.





TUI Marine, headquartered in Clearwater FL, is part of TUI Travel PLC, the world's leading international leisure travel group. TUI Marine operates over 1,200 yachts in 25 destinations worldwide under the Sunsail and The Moorings brands, plus 1,000 canal boats in Europe under the LeBoat brand.

"Shore Premier Finance is now a strategic partner for TUI Marine, for retail and corporate finance, on a nationwide basis," stated Simon Cross, CEO of TUI Marine.

As strategic partners, Shore Premier Finance will provide its lending services to the buyers of all TUI Marine new charter boats.

"We are excited about this opportunity to build a strong, sustainable relationship with such a prestigious name in the marine industry. This partnership will allow us to explore new opportunities," said Herve Bonnet, President and CEO of Shore Premier Finance.

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.

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 duration and anticipated effects of strategic partnerships. Although Hampton Roads Bankshares, Inc. (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.