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 merge the banks and change its corporate name to Shore Financial.

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