Hampton Roads Bankshares Will Raise Up to $95M in Capital
Hampton Roads Bankshares, Inc. (Nasdaq: HMPR) (the "Company"), the holding company for The Bank of Hampton Roads and Shore Bank, today announced that it will undertake a capital raise of at least $80 million, but no more than $95 million through the sale of its common stock in a private placement and a public rights offering. The purpose of the capital raise is to satisfy all regulatory capital requirements and provide significant additional capital.
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