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Blue Chip Growth

Stock Report: () Report Updated: Oct 21, 2017 | Print This Page

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Company Profile

Hampton Roads Bankshares, Inc. operates as the bank holding company for Bank of Hampton Roads and Shore Bank that provides community and commercial banking services primarily to individuals and small to medium-sized businesses in Virginia, North Carolina, Delaware, and Maryland. The company offers interest-bearing and noninterest-bearing deposit accounts, including commercial and retail checking accounts, negotiable order of withdrawal accounts, savings accounts, and individual retirement accounts, as well as certificates of deposit. It also offers commercial and industrial loans to businesses; construction loans to individuals and businesses for the construction of single family residential and multi-family properties, and commercial projects, as well as the development of residential neighborhoods and commercial office parks; commercial mortgage loans for the purchase and re-financing of owner and non-owner occupied commercial properties; residential mortgage loans; and installment loans for personal, family, and general household needs. In addition, the company offers other banking-related specialized products and services, such as travelersí checks, coin counters, wire services, online banking, and safe deposit box services; cash management products, which comprise remote deposits; payment processing solutions to retailers and other industries; mortgage loans for sale to the secondary market; and letters of credit and standby letters of credit to commercial customers. Further, it provides securities, brokerage, and investment advisory services; insurance services; and telephone, Internet, and mobile banking services. The company operates approximately 34 branches, as well as a network of 38 automated teller machines. Hampton Roads Bankshares Inc. was founded in 1961 and is headquartered in Virginia Beach, Virginia.