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Hampton Roads Bankshares Appoints Thomas Dix Interim CFO

VIRGINIA BEACH, Va., March 28, 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 the Board of Directors of the Company has appointed Thomas B. Dix, III, previously Senior Vice President, Corporate Treasurer and Corporate Secretary, to the position of Senior Vice President, Treasurer and Interim Chief Financial Officer, effective April 1, 2013. The effective date coincides with the previously announced departure date of Chief Financial Officer Stephen P. Theobald, who has accepted a position as Chief Financial Officer of Walker & Dunlop, Inc. Dix will report to Douglas J. Glenn, President and Chief Executive Officer. The Company has engaged Matthews, Young – Management Consulting to conduct a search for a permanent Chief Financial Officer. 

The Company also announced that Paul A. Driscoll, General Counsel and Director of Special Assets, will take on the additional roles of Corporate Secretary at both the Company and BHR on a permanent basis. Vonda Smith will remain Corporate Secretary at Shore Bank. 

Douglas J. Glenn, President and Chief Executive Officer of the Company and Chief Executive Officer of BHR, said, "Our Finance function is strong and continuing to improve, thanks to the hard work of Steve and the Finance team. Thom has demonstrated his financial and management skills in every position he has held since joining the Company and I am confident that he will sustain the progress we are making in Finance during the search process." 

Dix has served as Senior Vice President and Treasurer of the Company and BHR since May 2011 and as Corporate Secretary of the Company and BHR since October 2011. Previously, he served as Senior Vice President and Credit Risk Manager of the Company, Senior Vice President and Chief Lending Officer of Shore Bank and Vice President, Commercial Banking for BHR. Before joining BHR in April 2009, Dix held positions in credit, asset-based lending, branch management and commercial lending with Mercantile Peninsula Bank/PNC Bank and its predecessor institutions from 2001 to 2009. Dix earned a BA in economics from the University of Virginia. 

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