VIRGINIA BEACH, Va., June 25, 2014 (GLOBE NEWSWIRE) -- Hampton Roads Bankshares, Inc. (Nasdaq: HMPR ) (the "Company"), the holding company for The Bank of Hampton Roads ("BHR") and Shore Bank ("Shore"), today announced that Kenneth K. Donner joined the Company as Senior Vice President, Director of Retail Administration, effective today. Based in Elizabeth City, North Carolina, Donner will be responsible for providing leadership in the execution of retail lending management processes and policies for the Company's individual and business clients in the Hampton Roads area. Donner will be replacing Pat Davis who announced her retirement from the Company effective July 31, 2014.
Douglas J. Glenn, President and Chief Executive Officer of the Company and Chief Executive Officer of BHR, said, "Ken is a terrific banker with nearly two decades of retail lending experience, much of that in Virginia Beach, and we are thrilled that he is joining our team. Ken has a deep understanding of the communities we serve, our customers and their needs, and his strong track record of leadership and service aligns very well with our 'One Bank' strategy."
Donner has worked at Fulton Financial Corporation in Virginia Beach since 2009, serving most recently as Retail Credit Origination Support Group Officer. Previously, Donner was a Vice President, Consumer Lending Manager at Resource Bank/Fulton Bank and Community Bank in Virginia Beach, and a Vice President, Branch Manager at Cenit Bank/Southtrust Bank in Norfolk.
Donner serves on the board of several professional and civic organizations. He is Chairman of the Board and member of the Community Outreach committee for CHIP (Children's Health Incentive Program) of South Hampton Roads, Chair of the Executive Committee for the Hampton Roads Chamber of Commerce's Chesapeake Board of Directors, and Treasurer of the Cahoon Plantation Community Board of Directors. Donner also previously served as Treasurer of the Ghent Business Association.
Caution About Forward-Looking Statements
Certain statements made in this press release 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, including statements about the anticipated performance of the Company's personnel and future trends and strategies. Although the Company believes that its expectations with respect to such 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 those expressed or implied by such forward-looking statements. Factors that could cause actual events or results to differ significantly from those described in the forward-looking statements include, but are not limited to those described in the cautionary language included under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2013, Quarterly Report on Form 10-Q for the quarter ended March 31, 2014, and other filings made with the SEC.
About Hampton Roads Bankshares
Hampton Roads Bankshares, Inc. is a bank holding company that was formed in 2001 and is headquartered in Virginia Beach, Virginia. The Company's primary subsidiaries are The Bank of Hampton Roads, which opened for business in 1987, and Shore Bank, which opened in 1961 (the "Banks"). The Banks engage in general community and commercial banking business, targeting the needs of individuals and small to medium-sized businesses. Currently, The Bank of Hampton Roads operates banking offices in Virginia and North Carolina doing business as The Bank of Hampton Roads and Gateway Bank & Trust Co. Shore Bank serves the Eastern Shore of Virginia, eastern Maryland, and southern Delaware through eight banking offices, ATMs, and loan production offices in West Ocean City, Maryland and Rehoboth Beach, Delaware. Through various affiliates, the Banks also offer mortgage banking services 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 .
Douglas J. Glenn President and Chief Executive Officer (757) 217-1000
