Hampton Roads Bankshares Will Raise Up to $95M in Capital

Hampton Roads Bankshares, Inc.

(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.