Hampton Roads Bankshares Announces Agreement to Sell Charlottesville Branch to The Page Valley Bank

Hampton Roads Bankshares HMPR today announced that it has entered into a definitive agreement with The Page Valley Bank of Luray, Virginia, a wholly-owned subsidiary of Blue Ridge Bankshares, Inc. (Pink Sheets:BRBS), whereby Page Valley will purchase all deposits and selected assets associated with the Company's Gateway Bank branch in Charlottesville, Virginia. The sale is expected to be completed in the fourth quarter of 2011, subject to regulatory approvals and customary closing conditions. The terms of the transaction were not disclosed. John A.B. "Andy" Davies, Jr., the Company's President and Chief Executive Officer commented, "Today's announcement reflects another step in our plan to improve our operating efficiency by focusing on our community banking activities in our core markets. Given Page Valley's emphasis on quality, ethics and superb customer relations, we are confident that the customers and employees of the Charlottesville office will be in good hands."