M&A Deal Summary

Hampton Roads Bankshares Acquires Xenith Bankshares

On February 10, 2016, Hampton Roads Bankshares acquired financial services company Xenith Bankshares for 107M USD

Acquisition Highlights
  • This is Hampton Roads Bankshares’ 2nd transaction in the Financial Services sector.
  • This is Hampton Roads Bankshares’ largest (disclosed) transaction.
  • This is Hampton Roads Bankshares’ 2nd transaction in the United States.
  • This is Hampton Roads Bankshares’ 1st transaction in Virginia.
Investment Fate
  • Xenith Bankshares was divested to a consortium of strategic buyers in 2017.

M&A Deal Summary
Date 2016-02-10
Target Xenith Bankshares
Sector Financial Services
Buyer(s) Hampton Roads Bankshares
Deal Type Merger
Deal Value 107M USD
Advisor(s) Macquarie Capital (Financial)
Hunton & Williams LLP (Legal)

Target

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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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 2 of 2
Sector (Financial Services) 2 of 2
Type (Merger) 1 of 1
State (Virginia) 1 of 1
Country (United States) 2 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-02 Shore Financial

Onley, Vermont, United States

Shore Financial Corp. is a provider of financial services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-26 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.

Sell -
Mergr

Product

Company

Legal