HMPR Profile
Hampton Roads Bankshares Inc. (HMPR) was a bank holding company that operated through its subsidiary, Bank of Hampton Roads. The company was headquartered in Virginia Beach, Virginia, and was founded in 2001.
Bank of Hampton Roads offered a range of banking services to individuals and businesses, including personal and business checking and savings accounts, loans, and credit cards. The bank also offered online and mobile banking services, as well as investment and wealth management services.
In 2016, Hampton Roads Bankshares was acquired by Xenith Bankshares, Inc., which later became Atlantic Union Bankshares Corporation. The merger created a regional bank with a strong presence in the Mid-Atlantic region of the United States.
Investors in Hampton Roads Bankshares should have been aware of the risks associated with investing in the banking industry. Banks are subject to a range of regulatory, market, and credit risks, and the performance of a bank's loans and investments can have a significant impact on its financial performance.
In conclusion, Hampton Roads Bankshares was a bank holding company that operated through its subsidiary, Bank of Hampton Roads. The company was acquired by Xenith Bankshares in 2016, which later became Atlantic Union Bankshares Corporation. Investors in the banking industry should be aware of the risks associated with investing in this sector and the importance of closely monitoring a bank's credit and investment performance.
|
