Hampton Roads Bankshares Announces Launch of At-The-Market Equity Offering

Hampton Roads Bankshares HMPR announced today that it has filed a prospectus supplement under which it may from time to time sell up to five million shares of its common stock pursuant to an at-the-market equity offering program. The shares would be offered through Sandler O'Neill + Partners, L.P. as placement agent. Sales, if any, would be made in transactions that are deemed to be at-the-market offerings, including sales made directly on the NASDAQ Global Select Market or sales made to or through a market maker other than on an exchange or by privately negotiated transactions. The Company intends to use the proceeds from any sales for general corporate purposes of the Company or loans to or contributions to the capital of the Banks.