Xenith Bankshares, Inc. (f/k/a Hampton Roads Bankshares, Inc., the “Combined Company”), is the holding company for Xenith Bank, a full-service commercial bank headquartered in Richmond, Virginia.
On July 29, 2016, legacy Xenith Bankshares, Inc. (”XBKS”) and Hampton Roads Bankshares, Inc. (“HRB”), the holding company for The Bank of Hampton Roads (“BOHR”), announced the completion of a strategic merger whereby XBKS was merged with and into HRB and legacy Xenith Bank was merged with and into BOHR. The Combined Company has assumed the name Xenith Bankshares, Inc. for the holding company and the name Xenith Bank for all banking operations. Headquarters for the Combined Company are in Richmond, Virginia.
The strategic merger creates the fifth largest community bank by deposits headquartered in the Commonwealth of Virginia. We believe the Combined Company is now better able to leverage the strengths of the previous standalone entities to serve customers in its targeted markets.
Xenith Bank is specifically targeting the banking needs of middle market and small businesses, local real estate developers and investors, private banking clients and individuals, and retail banking clients. Through various divisions, the Combined Company also offers mortgage banking services and marine finance.
Xenith Bank’s regional area of operations spans from Baltimore, Maryland and Rehoboth Beach, Delaware, to Raleigh and eastern North Carolina, complementing its presence in Greater Washington, D.C., Greater Richmond, Virginia, Greater Hampton Roads, Virginia and on the Eastern Shore of Maryland and Virginia. Xenith Bank has forty-two full-service branches and four loan production offices located across these areas.
Xenith Bank’s strategy is to continue to grow organically, and to continue to evaluate strategic opportunities in order to build a strong regional bank that serves the communities in our primary service areas, and maximizes value for our shareholders.
Xenith Bankshares, Inc. common stock trades on The NASDAQ Stock Market under the symbol “XBKS.”
Firm – Analyst
Sandler O’Neill + Partners – Casey Orr
Keefe, Bruyette & Woods – Catherine S. Mealer
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, Inc. or its management. Xenith Bankshares, Inc. 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
EVP & Chief Financial Officer
Xenith Bankshares, Inc.
901 E. Cary Street
Richmond, Virginia, 23226
Phone: (804) 433-2200
250 Royall Street
Canton, MA 02021
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