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Hampton Roads Bankshares in Virginia Beach, Va., plans to merge its banks and change its name to Shore Financial.
April 16 -
Hampton Roads Bankshares of Norfolk, Va., announced that it plans to pursue a stock offering next quarter in which it hopes to raise between $54 million and $86 million. Separately, it has named Douglas J. Glenn its president and chief executive.
February 13 -
Old Point Financial in Hampton, Va., has selected its chairman's son as chief executive of Old Point National Bank of Phoebus.
September 11
Hampton Roads Bankshares in Virginia Beach is looking for a new chief executive.
The $2 billion-asset company said in a press release Wednesday that Douglas Glenn resigned as president and chief executive. Glenn, who was 48 as of the company's April 27 proxy, also resigned as a director. He had been the chief executive since August 2011.
Charles Johnston, 60, was named interim CEO while the company searches for a permanent successor.
"Under [Glenn's] leadership, we positioned ourselves for the future with a strong capital base, improved profitability, a better credit risk profile and an enhanced regulatory standing," Johnston, the company's chairman, said in the release.
Johnston has been chairman since May 2013. He was previously served as chief financial officer at the $9.9 billion-asset Eastern Bank in Boston.
Separately, Hampton Roads Bankshares said it had promoted Donna Richards to president and chief operating officer. Richards, 51, was previously president of the company's Bank of Hampton Roads.
Hampton Roads Bankshares is the holding company for Bank of Hampton Roads and Shore Bank. The company announced plans in April to
