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Hampton Roads Bankshares Completes Relocation Of Corporate Offices To Virginia Beach

Stocks in this article: HMPR

VIRGINIA BEACH, Va., Jan. 7, 2013 (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 it has completed the relocation of its corporate offices to 641 Lynnhaven Parkway in Virginia Beach. In addition to housing the Company's corporate officers, the Lynnhaven Parkway offices also house Human Resources, Accounting and Treasury, Facilities Management, Legal, Risk Management, Compliance, Security and Special Assets staff for the Company and BHR.

Douglas J. Glenn, President and Chief Executive Officer of the Company and Chief Executive Officer of BHR, said, "This relocation represents another step in returning to the Company's roots as a community bank, while also reducing our operating expenses by better utilizing facilities we own. We are proud to be the largest community bank by assets headquartered in Virginia Beach, and committed to earning a place as the most meaningful community bank in every community we serve."

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 prospective statements about the impact of the relocation. 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, 2011, Quarterly Report on Form 10-Q for the quarter ended September 30, 2012 and other filings made with the SEC.

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