Hampton Roads Bankshares Completes Rights Offering

Hampton Roads Bankshares, Inc. HMPR, the holding company for Bank of Hampton Roads and Shore Bank, today announced the completion of a $40 million common stock rights offering, which expired at 5:00 p.m., Eastern Time, on December 10, 2010. The Company also announced the second and final closing of a private placement of its common stock with institutional investors, in which the Company raised an additional $20 million on December 28, 2010. On September 30, 2010, in the first closing of the Private Placement, the Company sold $235 million worth of its common stock to institutional investors.