updated 1/18/2011 6:17:14 PM ET 2011-01-18T23:17:14

NORFOLK, Va., Jan. 18, 2011 (GLOBE NEWSWIRE) -- Hampton Roads Bankshares, Inc. (Nasdaq:HMPR) (the "Company"), the holding company for Bank of Hampton Roads/ Gateway Bank (the "Bank") and Shore Bank, today announced that J. Lawrence Mansfield, Jr. has been promoted to President, Central Virginia Market. Mansfield has over 23 years of banking experience and leadership in retail, commercial, private and real estate banking in Richmond, Virginia.

Ronald A. Day, President & Chief Operating Officer, said "Larry is deeply experienced in all aspects of banking in the Richmond area market. He also has a history of commitment to community service and leadership.  With Richmond's dynamic economy and our renewed focus on serving the needs of local businesses and consumers, Larry is uniquely qualified to help lead us to a new level of performance and service in this important market for our company."

Mansfield holds a seat on the Board of Governors, Virginia Home for Boys and Girls and is a prior Chairman of the Board.

Mansfield earned a degree in economics from Hampden – Sydney College and is active in alumni matters. He previously served as President of the college's Richmond alumni association and was an officer with its national alumni association. He was a member of the 2008 Class of Leadership Metro Richmond and has been involved with a number of other business and civic organizations, including the Greater Richmond Chamber of Commerce, the United Way, the American Red Cross and Ducks Unlimited. He is an active member of the Commonwealth Club and the Country Club of Virginia.

About Hampton Roads Bankshares

Hampton Roads Bankshares, Inc. is a bank holding company that was formed in 2001 and is headquartered in Norfolk, Virginia. The Company's primary subsidiaries are 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, Bank of Hampton Roads operates twenty-seven banking offices in the Hampton Roads region of southeastern Virginia and twenty-three offices in Virginia and North Carolina doing business as Gateway Bank & Trust Co.  Shore Bank serves the Eastern Shore of Maryland and Virginia through eight banking offices and fifteen ATMs. Through various affiliates, the Banks also offer mortgage banking services, insurance, title insurance, 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 .

CONTACT:  Hampton Roads Bankshares, Inc.
          Douglas J. Glenn, Executive Vice President, General Counsel
           and Chief Operating Officer

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