VIRGINIA BEACH, Va., April 13, 2015 (GLOBE NEWSWIRE) -- Hampton Roads Bankshares, Inc. (the "Company") (Nasdaq:HMPR), the holding company for the Bank of Hampton Roads ("BHR") and Shore Bank ("Shore"), today announced that its mortgage banking subsidiary, Gateway Bank Mortgage ("GBM"), has expanded by opening several new offices throughout the Company's geographic footprint. GBM now has mortgage banking teams in the Southern Maryland; Greensboro, North Carolina; Greenville, North Carolina; and Richmond, Virginia markets as well as a strengthened presence in Hampton Roads through a newly established office in Virginia Beach.
"Mortgage banking is an essential component of our business and we have a disciplined, experienced mortgage management team committed to making the dreams of our customers come true every day," said Douglas Glenn, President and Chief Executive Officer. "Part of our One Bank plan was to fully expand our mortgage business throughout our growing footprint. These new offices and the teams we've recruited represent both the continued execution of our successful strategy and the opportunity forward we enjoy as a company."
About Hampton Roads Bankshares
Hampton Roads Bankshares, Inc. is a multi-bank holding company 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 (collectively, 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 Bank of Hampton Roads and Gateway Bank & Trust Co. Shore Bank serves the Eastern Shore of Virginia, eastern Maryland and southern Delaware through seven full service banking offices, ATMs and three loan production offices. Through various divisions, the Banks also offer mortgage banking and marine financing. 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) 217-1000
Source:Hampton Roads Bankshares, Inc.