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John Schroeder Joins Shore Bank As Senior Vice President - Commercial Banking

VIRGINIA BEACH, Va., Feb. 27, 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 John R. Schroeder has joined Shore Bank's commercial banking team in Rehoboth Beach, Delaware as Senior Vice President – Commercial Banking, reporting to James D. Barr, Delaware Market President for Shore Bank. Schroeder brings over 35 years of experience in commercial banking in southern Delaware and surrounding areas.

Douglas J. Glenn, President and Chief Executive Officer of the Company and Chief Executive Officer of BHR, said, "We are very pleased to welcome John to our team. He brings a proven track record, deep knowledge of the markets in the Delaware region, and decades of experience across all aspects of commercial real estate finance, including origination, underwriting, structuring, and servicing."

Prior to joining Shore Bank, Schroeder served as Senior Vice President with Applied Bank in Rehoboth Beach, Delaware. From 1994 to 2009, he served as a Vice-President and commercial relationship manager with PNC and its predecessors Baltimore Trust and Mercantile Peninsula Bank. From 1984 to 1994, Schroeder worked for Second National Federal Savings Bank in the Delaware markets. Prior to that, he began his banking career as a Branch Manager for Sussex Trust Company.

Schroeder earned a BA in Political Science from the University of Delaware. He is also a graduate of the University of Virginia's Graduate School of Retail Bank Management. From 1988 to 2002 Schroeder was an elected member of the Delaware House of Representatives, serving on the Education, Environmental, Agricultural and Bond Committees during his seven terms. Mr. Schroeder also served on the Family Law Commission of Delaware and currently serves on the Greater Lewes Foundation, the Sussex County Land Trust, the Delaware Open Space Council and the Rehoboth Art League.

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