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Investor Relations

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Corporate Profile

Xenith Bankshares, Inc. is the parent company of Xenith Bank. We are strategically focused on the Virginia business, real estate and private banking communities, as well as select retail markets.  We are known for our experienced bankers and customer attention. The company, through the Bank, operates six full-service branches: one branch in Tysons Corner, Virginia, two branches in Richmond, Virginia and three branches in Suffolk, Virginia.

On December 22, 2009, First Bankshares and Xenith Corporation completed the merger of Xenith Corporation with and into First Bankshares (the “merger”), with First Bankshares being the surviving entity in the merger.  At the effective time of the merger, First Bankshares amended its articles of incorporation to, among other things, change its name to Xenith Bankshares, Inc. In addition, following the completion of the merger, SuffolkFirst Bank, a wholly-owned subsidiary of the combined company, changed its name to Xenith Bank.

In April 2011, the company completed the issuance and sale of 4,600,000 shares (including an over-allotment option granted to the underwriters) of common stock at a public offering price of $4.25 per share pursuant to an effective registration statement filed with the Securities and Exchange Commission. Net proceeds, after the underwriters’ discount and expenses, were $17.7 million.

Effective July 29, 2011, the Bank completed the acquisition of select loans totaling approximately $58 million and related assets associated with the Richmond, Virginia branch office of Paragon Commercial Bank, a North Carolina banking corporation and assumed select deposit accounts totaling approximately $77 million and certain related liabilities associated with the Branch.

Also effective July 29, 2011, the Bank acquired substantially all of the assets and assumed certain liabilities, including all deposits, of Virginia Business Bank, a Virginia banking corporation located in Richmond, Virginia, which was closed on July 29, 2011 by the Virginia State Corporation Commission.

Xenith Bankshares common stock trades on The NASDAQ Capital Market under the symbol "XBKS."

Analyst Coverage

Firm                                                   Analyst                
Sandler O’Neill + Partners                  Casey Orr
Keefe, Bruyette & Woods                   Catherine S. Mealer

The analysts above follow Xenith Bankshares.  Please note that any opinions, estimates or forecasts regarding Xenith Bankshares' performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Xenith Bankshares or its management.  Xenith Bankshares does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.

Investor Relations Contact

Thomas W. Osgood
Chief Financial Officer
Xenith Bankshares, Inc.
901 E. Cary Street
Richmond, Virginia, 23226
Phone: (804) 433-2200
tosgood@xenithbank.com

Transfer Agent
Registrar & Transfer Company
10 Commerce Drive
Cranford, NJ 07016
Phone:  (800) 525-7686
http://www.rtco.com

For detailed Investor Relations information, please proceed to the next page.