Hampton Roads Bankshares Announces Launch of Shore Bank Baltimore Loan Production Office
21 July 2014 - 10:00PM
-Team of Highly Experienced Lending Professionals
Joins Bank
-Enhances Baltimore Presence Following Launch of
Shore Premier Finance
Hampton Roads Bankshares, Inc. (Nasdaq:HMPR) (the "Company"), the
holding company for The Bank of Hampton Roads ("BHR") and Shore
Bank ("Shore"), today announced the launch of a new Loan Production
Office (LPO) in Baltimore, MD, with a focus on commercial real
estate and commercial & industrial lending relationships. The
new office builds on the successful May 2014 launch of Shore
Premier Finance, a Baltimore-based specialty consumer finance unit
of Shore that focuses on marine financing.
The LPO team will consist of highly experienced lending
professionals who joined Shore from Northwest Savings Bank in
Baltimore and have more than 125 years of combined banking
experience. The team will be led by Richard J. Hunt, Jr.,
President-Greater Baltimore Market, and will also include Senior
Vice President for Commercial Real Estate Michael G. Tilstra, and
Senior Vice Presidents and Client Relationship Managers Keith M.
Dukes and Ann-Marie P. Monroe.
Douglas J. Glenn, President and Chief Executive Officer of the
Company and Chief Executive Officer of BHR, said, "The opening of
our Baltimore LPO marks an important strategic step for Hampton
Roads Bankshares and Shore Bank, as we build on our recent
successful launch of Shore Premier Finance to expand and broaden
our presence in an attractive contiguous market. With the addition
of Rich and his outstanding team of relationship managers, we now
have significant capabilities as a small and middle-market C&I
lender in the Baltimore metropolitan area, led by proven bankers
with deep roots and decades of local experience. This combination
of strong bankers, deep market knowledge and outstanding service is
working well in our existing markets and we are excited about the
opportunities it will bring us in this attractive new market."
Hunt, who has 25 years of commercial and retail banking
experience, has worked at Northwest Savings Bank since 2011,
serving most recently as Maryland Region President and Commercial
Regional Lending Manager, and his previous work includes serving as
Senior Vice President, Business Banking at Provident Bank. He
currently serves on the boards of the Stevenson University
President's Advisory Council and GCA Foundation, and prior board
service includes the Emerging Business Council-Greater Baltimore
Committee. Hunt received a Bachelor of Arts degree in Business
Administration from Loyola College and a graduate degree from the
Stonier School of Banking at the University of Pennsylvania.
Tilstra, who has 30 years of commercial real estate and C&I
lending experience, served as Vice President of Commercial Lending
at Northwest Savings Bank since 2011. His prior experience includes
positions at Carrollton Bank, SunTrust Bank, and Wachovia Bank
(including predecessors). He received Bachelor's and Master's
degrees from the University of Maryland and he completed the
Commercial Banking Training Program at Maryland National Bank.
Dukes, who has over 40 years of banking experience, served most
recently as Vice President of Commercial Lending at Northwest
Savings Bank. His previous experience includes positions at
Carrollton Bank and K Bank. He received a Bachelor of Arts degree
in Business Administration and Accounting from Franklin and
Marshall College, and he graduated from the Maryland Banking School
at the University of Maryland and the Consumer Bankers Association
Graduate Banking School at the University of Virginia. Monroe, who
has almost 30 years of banking experience, served most recently as
Vice President of Commercial Lending at Northwest Savings Bank. Her
experience also includes positions at Provident Bank/M&T Bank,
and 1st Mariner Bank. She received a Bachelor's degree in Fine Art
– Visual Communications from Towson State University, and her
professional and civic memberships include CREW (Commercial Real
Estate Women) Baltimore and the Baltimore County Chamber of
Commerce.
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, capabilities, 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 Baltimore and
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.
CONTACT: Douglas J. Glenn
President and Chief Executive Officer
(757) 217-1000
Xenith Bankshares, Inc. NEW (NASDAQ:XBKS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Xenith Bankshares, Inc. NEW (NASDAQ:XBKS)
Historical Stock Chart
From Jul 2023 to Jul 2024