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Hampton Roads Bancshares (HMPR) in Virginia Beach is reducing its branch network.
March 27 -
Hampton Roads Bankshares finds itself between a rock and a hard place. As a Tarp participant, it has refused to pay severance to several former executives. Several of those officers, including former CEO Jack Gibson, filed lawsuits asserting that their employment contracts preempt the Tarp prohibition.
August 28 -
Hampton Roads Bankshares's (HMPR) second-quarter loss narrowed from a year earlier as improveed credit quality aided the Norfolk, Va., company.
July 24 -
Hampton Roads Bankshares Inc. in Norfolk, Va., has sold its insurance business as part of its ongoing effort to reduce overhead and streamline operations.
August 2 -
Eager to lower its overhead, Hampton Roads Bankshares Inc. in Norfolk, Va., will close nine branches this year and move customers' accounts into other nearby branches.
June 2
The Federal Reserve Bank of Richmond and the Virginia Bureau of Financial Institutions have terminated their regulatory agreement with Hampton Roads Bankshares (HMPR) in Virginia Beach and its subsidiary the Bank of Hampton Roads.
The written agreement was
The holding company had $2 billion in total assets as of Sept. 30. Nonperforming assets had declined to 4.4% of total assets from 7.7% a year earlier.
The bank unit reported a profit of
"We are proud of the significant improvements in our financial condition and operations," says Douglas Glenn, the president and chief executive officer of Hampton Roads Bankshares. "We believe we are well-positioned to move forward and grow in the future."
