Market Overview

The Bank of Hampton Roads Announces Termination of Branch Sale Agreement With The East Carolina Bank


Hampton Roads Bankshares, Inc. (Nasdaq: HMPR), the holding company for The Bank of Hampton Roads and Shore Bank, today announced the mutual termination of an agreement dated July 14, 2011 between BHR and The East Carolina Bank, the wholly-owned subsidiary of ECB Bancorp. Inc. (NYSE: ECBE), under which ECB was to purchase all deposits and selected assets associated with seven Gateway Bank branches in North Carolina. The branches included in the agreement were Preston Corners, Plymouth, Roper, Chapel Hill, Falls of Neuse, Lake Boone and Wilmington.

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