Hampton Roads to raise $54 million-$86 million via public stock sale

Offering to close in second quarter; proceeds to be loaned to holdings

By Marisa Wong

Madison, Wis., Feb. 13 - Hampton Roads Bankshares, Inc. said it plans to offer shares of its common stock in a public offering.

The company said gross proceeds will be between $54 million and $86 million.

The offering is expected to settle in the second quarter.

Proceeds will be used for general corporate purposes or to contribute to the capital of Bank of Hampton Roads and Shore Bank, the Norfolk, Va.-based financial company's holdings.

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