Quarterly Dividend Declared by Hampton Roads Bankshares
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NORFOLK, Va., April 29, 2009 (GLOBE NEWSWIRE) -- At their meeting held on April
28, 2009, the Board of Directors of Hampton Roads Bankshares, Inc.
(Nasdaq:HMPR), the financial holding company for Bank of Hampton Roads, Shore
Bank and Gateway Bank & Trust, declared a quarterly dividend in the amount of
$0.11 per share on the Company's common stock, payable on June 15, 2009, to
shareholders of record as of May 15, 2009. This will be the Company's 30th
consecutive dividend payment.
About Hampton Roads Bankshares
Hampton Roads Bankshares, Inc. is a financial holding company that was formed in
2001 and is headquartered in Norfolk, Virginia. The Company's primary
subsidiaries are Bank of Hampton Roads, which opened for business in 1987; Shore
Bank, which opened in 1961; and Gateway Bank & Trust Co., which opened in 1998.
The Banks engage in general community and commercial banking business, targeting
the needs of individuals and small to medium-sized businesses. Currently, Bank
of Hampton Roads operates eighteen banking offices in the Hampton Roads region
of southeastern Virginia. Shore Bank serves the Eastern Shore of Maryland and
Virginia through eight banking offices and twenty-two ATMs. Gateway Bank & Trust
Co. serves Virginia and North Carolina through thirty-six banking offices.
Through various affiliates, the Banks also offer mortgage banking services,
insurance, title insurance and investment products. 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.
Certain statements in this report 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. Although the Company believes that its expectations with
respect to certain 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 any future results,
performance or achievements expressed or implied by such forward-looking
statements. Actual future results and trends may differ materially from
historical results or those anticipated depending on a variety of factors. For
an explanation of the risks and uncertainties associated with forward-looking
statements, please refer to the Company's Annual Report on Form 10-K for the
year ended December 31, 2008, and other reports filed and furnished to the
Securities and Exchange Commission. The Company undertakes no obligation to
update any forward-looking statements made in this press release and this
release shall not constitute an offer to sell or the solicitation of an offer to
buy securities in any jurisdiction in which such solicitation would be unlawful.
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CONTACT: Hampton Roads Bankshares
Tiffany K. Glenn, Executive Vice President,
Investor Relations Officer
(757) 217-1000
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