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Hampton Roads Bankshares in Virginia Beach has named John Marshall Jr. as chief risk officer. He succeeds Robert Bloxom, who retired from Hampton Roads at the end of September.
November 3 -
Hampton Roads Bankshares has hired four lenders from Northwest Savings Bank in Baltimore to run its new commercial lending office there.
July 21 -
Shore Bank, a subsidiary of Hampton Roads Bankshares (HMPR) in Virginia Beach, Va., is opening its third branch on the Eastern Shore of Maryland.
May 20
Hampton Roads Bankshares in Virginia Beach, Va., has
The investigation, first disclosed in November 2010, focused on the treatment of a deferred-tax asset, as well as the company's loan-loss allowances in 2009 and 2010.
Under the settlement, the $2 billion-asset Hampton Roads agreed to an administrative cease-and-desist order tied to the deferred tax asset, without admitting or denying wrongdoing.
"We are pleased to have fully resolved this legacy mater with the SEC so that we can continue to position the company for growth and increased profitability," Douglas Glenn, the company's president and chief executive, said in a press release Friday.
The accounting practices at issue were corrected in August 2010, prior to the company's
