VIRGINIA BEACH, Va., Aug. 25, 2014 (GLOBE NEWSWIRE) -- Hampton Roads Bankshares, Inc. (Nasdaq:HMPR) (the "Company"), the holding company for The Bank of Hampton Roads and Shore Bank ("Shore"), today announced that Sterling E. Shuman, Jr. has joined Shore's Loan Production Office (LPO) in Baltimore as Senior Credit Officer. He has over 37 years of banking experience in the region.
Richard J. Hunt, President – Greater Baltimore Market, said, "I am extremely pleased to be re-united with Sterling after our past successes working together at Provident Bank. With his decades of experience in this market and broad skillset that spans commercial lending, credit administration and portfolio management, Sterling will be a tremendous asset to our office, and we are excited to have him join our team here at Shore. Sterling's deep roots in the Greater Baltimore market give him a strong understanding of the banking needs of the businesses we seek to serve as we expand the Company's One Bank strategy into this region."
Shuman most recently served as Senior Credit Officer at Patapsco Bank of Baltimore. His previous experience included serving as Chief Credit Officer at CFG Community Bank, Regional Credit Officer at Provident Bank, Senior Vice President, Credit Officer of the Metro DC Region for Signet Bank of Maryland and Virginia, and Vice President, Real Estate Loan Administration for Equitable Bank in Baltimore.
Shuman received a Bachelor of Arts degree in Business Administration from Towson University in Baltimore, and a Masters of Business Administration from Loyola College in Baltimore.
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 June 30, 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