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ENGELHARD, N.C. -- ECB Bancorp, Inc. (NASDAQ: ECBE) ("ECB"), the holding company for the East Carolina Bank, announced that the East Carolina Bank has...
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HR Bankshares meets listing compliance
Hampton Roads Bankshares Inc. said it received written notification that the minimum bid price of its shares complied with rules for continued listing on the Nasdaq Global Select Market. The Norfolk-based parent of Bank of Hampton Roads and Shore Bank was notified in November that its shares failed to meet the minimum bid price rule after trading below $1 for 30 consecutive business days.
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When Gateway Bank & Trust encountered financial difficulties two years ago, the management of Hampton Roads Bankshares Inc. saw an opportunity to rapidly expand.
The Norfolk-based parent of Bank of Hampton Roads and Shore Bank agreed to buy Gateway, whose Virginia Beach-based parent was more than twice its size and served a much broader market.
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bank sells branch, closes another
Hampton Roads Bankshares Inc. said Thursday it completed the sale of its Gateway Bank branch in Charlottesville and closed its Bank of Hampton Roads branch on Pacific Avenue in Virginia Beach. Both measures were announced earlier this year as part of the company's effort to restore profitability by cutting costs and improving efficiency.
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Shopping for a vacation home on the Outer Banks? Hampton Roads Bankshares Inc. has one for sale in Waves, N.C., for $514,900.
Interested in buying commercial property? The parent of Bank of Hampton Roads and Shore Bank is offering a gutted building on Washington Street in downtown Suffolk for $125,000.
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Hampton Roads Bankshares Inc., Norfolk, Va., the parent company of Bank of Hampton Reads and Shore Bank, has acquired Gateway Financial Holdings Inc.,...
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HR Bankshares names chief financial officer
Hampton Roads Bankshares Inc., Norfolk-based parent of Bank of Hampton Roads and Shore Bank, named a veteran banker and CPA as its chief financial officer.
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HR Bankshares put on notice by Nasdaq
Hampton Roads Bankshares Inc. said Friday it had received a noncompliance notice from Nasdaq for its low stock price. The bid price for the Norfolk-based bank holding company's stock has been below $1 a share for 30 consecutive days. It closed Friday at about 63 cents.
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Hampton Roads Bankshares Inc. said in a filing with the Securities and Exchange Commission that it might seek to raise as much as $200 million from public stock offerings.
The Norfolk-based parent of Bank of Hampton Roads and Shore Bank said in a shelf registration that its use of the proceeds would be spelled out in future securities filings. The offerings, it said, could consist of preferred stock, common stock, warrants, stock purchase contracts or units.
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Hampton Roads Bankshares Inc. said David R. Twiddy, president of eastern North Carolina markets for its Bank of Hampton Roads subsidiary, resigned on Feb. 24 "to pursue other business opportunities," according to a filing with the Securities and Exchange Commission.
Twiddy, an executive vice president of Norfolk-based Hampton Roads Bankshares, had been instrumental in the expansion of Gateway Bank & Trust and its parent, Gateway Financial Holdings Inc., before their merger with Hampton Roads Bankshares at the end of 2008.