VIRGINIA BEACH, Va., June 4, 2014 (GLOBE NEWSWIRE) -- Hampton Roads Bankshares, Inc. (Nasdaq:HMPR) (the "Company"), the holding company for The Bank of Hampton Roads ("BHR") and Shore Bank, today announced the 2014 grants issued under its 'Pathway Partners' community service program. The program, which was created last year, provides grants and other assistance to non-profit organizations across the Company's markets which offer a range of important services to low- and moderate-income individuals and families. All recipients for 2014 Pathway Partner Grants have been chosen.
Through the Pathway Partners program, the Company receives applications from non-profit agencies that provide community services in areas ranging from early childhood education to domestic violence support. After approving an application, the Company either makes a grant to the agency, has a representative serve on the agency's board, or both. The Pathway Partners program was created by James Hinton, Jr., the Company's Vice President and Community Reinvestment Officer.
Douglas J. Glenn, President and Chief Executive Officer of the Company and Chief Executive Officer of BHR, said, "We are very proud to announce the 2014 grants issued under our 'Pathway Partners' program. Consistent with our 'One Bank' strategy, the program involves both investing resources and inspiring our employees to invest their personal time in the communities we serve, particularly to assist those among us who may be less fortunate. Community service is one of our core company values and we believe this program will help create the 'path' to invest in the future of individuals and communities in need and meet with our vision of Making Dreams Come True."
Examples of 2014 funding requests that have been approved include:
- Funding a domestic violence support group;
- Homeless and transitional housing programs;
- Educational material to early childhood education centers;
- Medical education to school health officials;
- Summer youth camp food assistance programs for low- and moderate-income families;
- Building a Habitat for Humanity home; and
- Educating the public about human service initiatives designed to help those in need.
Organizations that wish to apply for 2015 grants should contact James Hinton, Jr., Vice President and Community Reinvestment Officer of the Company, at (757) 995-0443.
Caution About Forward-Looking Statements
Certain statements made in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that include projections, predictions, expectations, or beliefs about events or results or otherwise are not statements of historical facts, including statements about future trends and strategies. Although the Company believes that its expectations with respect to such forward-looking statements are based upon reasonable assumptions within the bounds of its existing knowledge of its business and operations, there can be no assurance that actual results, performance or achievements of the Company will not differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual events or results to differ significantly from those described in the forward-looking statements include, but are not limited to those described in the cautionary language included under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2013, Quarterly Report on Form 10-Q for the quarter ended March 31, 2014, and other filings made with the SEC.
About Hampton Roads Bankshares
Hampton Roads Bankshares, Inc. is a bank holding company that was formed in 2001 and is headquartered in Virginia Beach, Virginia. The Company's primary subsidiaries are The Bank of Hampton Roads, which opened for business in 1987, and Shore Bank, which opened in 1961 (the "Banks"). The Banks engage in general community and commercial banking business, targeting the needs of individuals and small to medium-sized businesses. Currently, The Bank of Hampton Roads operates banking offices in Virginia and North Carolina doing business as The Bank of Hampton Roads and Gateway Bank & Trust Co. Shore Bank serves the Eastern Shore of Virginia, eastern Maryland, and southern Delaware through seven banking offices, ATMs, and loan production offices in West Ocean City, Maryland and Rehoboth Beach, Delaware. Through various affiliates, the Banks also offer mortgage banking services and investment products. Shares of the Company's common stock are traded on the NASDAQ Global Select Market under the symbol "HMPR." Additional information about the Company and its subsidiaries can be found at www.hamptonroadsbanksharesinc.com.