M&A Deal Summary

Hampton Roads Bankshares Acquires Shore Financial

On June 2, 2008, Hampton Roads Bankshares acquired financial services company Shore Financial

Acquisition Highlights
  • This is Hampton Roads Bankshares’ 1st transaction in the Financial Services sector.
  • This is Hampton Roads Bankshares’ 1st transaction in the United States.
  • This is Hampton Roads Bankshares’ 1st transaction in Vermont.

M&A Deal Summary
Date 2008-06-02
Target Shore Financial
Sector Financial Services
Buyer(s) Hampton Roads Bankshares
Deal Type Add-on Acquisition

Target

Shore Financial

Onley, Vermont, United States
Shore Financial Corp. is a provider of financial services.

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Buyer(S) 1

Buyer

Hampton Roads Bankshares

Virginia Beach, Virginia, United States
Category Company
Founded 1961
Sector Financial Services
Employees510
Revenue 106M USD (2015)
DESCRIPTION

Hampton Roads Bankshares, Inc. operates as the bank holding company for Bank of Hampton Roads (BOHR) and Shore Bank that provide community and commercial banking services primarily to individuals and small to medium-sized businesses.

DEAL STATS #
Overall 1 of 2
Sector (Financial Services) 1 of 2
Type (Add-on Acquisition) 1 of 1
State (Vermont) 1 of 1
Country (United States) 1 of 2
Year (2008) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-10 Xenith Bankshares

Richmond, Virginia, United States

Xenith Bankshares, Inc. through its wholly-owned subsidiary, Xenith Bank, provides business-focused banking services to customers in the Richmond and Hampton Roads, Virginia and Greater Washington, D.C. markets. Headquartered in Richmond, it has assets of approximately $1.0 billion. Xenith Bank has eight locations in Herndon, Richmond, Suffolk and Gloucester, Virginia and one loan production office in Newport News, Virginia.

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