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Hampton Roads Bankshares (HMPR) in Virginia Beach, Va., reported higher net income that largely reflected lower expenses and a spike in income from bank-owned life insurance.
May 9 -
The Treasury Department has agreed to sell a large stake in Hampton Roads Bankshares (HMPR) in Virginia Beach.
April 10 -
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.
February 25
Hampton Roads Bankshares (HMPR) is launching a marine financing unit for its subsidiary Shore Bank.
Shore Premier Finance will focus on marine financing for U.S. Coast Guard-documented vessels. The lending unit is going to be based in Baltimore.
The new unit will be led by experienced lending professionals who come from a large European bank, including its global director of boat financing, the company says.
"The launch of SPF creates a compelling value proposition that is unique to our company," Douglas Glenn, the chief executive of the $2 billion-asset Hampton Roads, said in a news release. "We have great respect for the strong business they have built over the past five-plus years, their deep expertise in marine finance and related areas and the quality of the customers they will bring to our company."
