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Hampton Roads Bankshares consolidates seven bank branch locations

Hampton Roads Bankshares announced the consolidation of seven The Bank of Hampton Roads and Shore Bank branch locations into nearby branches. These branch consolidations are one component of the company's long term strategic plan, known as "One Bank", which forms the blueprint for the company's future success. The strategic framework of "One Bank" provides for the optimal combination of branches and online/mobile banking technologies, supported by highly experienced bankers, to offer customers convenience and high service levels while maintaining an efficient, competitive cost structure. After consolidation, the company will continue to operate 33 full service strategic branch locations along with a full suite of the latest technologies including online, mobile and remote banking products and services. The company continues to invest in its electronic banking technologies, most recently announcing the roll out of its mobile banking platform as a complement to its branch network, online banking and remote deposit capture capabilities.