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Hampton Roads Bankshares Announces Annual Meeting Date

VIRGINIA BEACH, Va., June 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 its 2013 Annual Meeting of Shareholders will be held on June 26, 2013, at 9:00 a.m. at the Hilton Virginia Beach Oceanfront at 3001 Atlantic Avenue, Virginia Beach, Virginia. Shareholders of record at the close of business on May 28, 2013, will be entitled to notice of and to vote at the Annual Meeting and any adjournments thereof.

At the meeting, among other items, shareholders will vote on eleven director nominees to the Company's Board of Directors, each to serve as a director for a one-year term. The director nominees include two new nominees, Stephen J. Gurgovits and John S. Poelker, who both bring deep banking and finance experience derived from senior leadership positions in the financial services industry.

Charles M. Johnston, Chairman of the Company's Board of Directors, said, "We welcome Steve and John to the Board and look forward to the guidance and perspective they can provide, based on their decades of experience and highly successful track records in the industry."

Douglas J. Glenn, President and Chief Executive Officer of the Company and Chief Executive Officer of BHR, said, "The Company's Board nominees represent a strong combination of representatives of our major institutional shareholders, local directors with deep connections to our markets and successful bankers such as Steve and John, who bring broad industry perspective and can provide valuable insights on both a strategic and an operational level."  

Gurgovits served as Chief Executive Officer of F.N.B. Corporation ("FNB") and its subsidiary, First National Bank of Pennsylvania ("First National Bank"), from 2004 until his retirement in January 2012. During his 50-year career with FNB and First National Bank, Mr. Gurgovits served in various retail, commercial banking and executive capacities. He has served on the Board of Directors of FNB and First National Bank since 1981 and currently serves as Chairman of both entities. Mr. Gurgovits' leadership experience includes his service as the chairman of the Pennsylvania Bankers Association from 2003 to 2004, a director of the American Bankers Association from 2005 to 2008 and a member of the American Bankers Council.

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