8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) October 25, 2010

 Hampton Roads Bankshares, Inc.

(Exact name of registrant as specified in its charter)

Virginia	001-32968	54-2053718
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)
999 Waterside Drive, Suite 200, Norfolk, Virginia 23510
(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code (757) 217-1000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01.  Regulation FD Disclosure.

Hampton Roads Bankshares, Inc., the holding company for Bank of Hampton Roads and Shore Bank, today announced that the Board of Directors of Shore Bank had elected Richard F. Hall, III as Chairman.  A copy of the press release making this announcement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information contained in this item, including that which is incorporated by reference, is being furnished to the Securities and Exchange Commission.  Such information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section.  The information shall not be deemed incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, except as expressly set forth by specific reference in such filing.

Item 9.01.  Financial Statements and Exhibits.

Ex. 99.1                      Press Release, dated October 25, 2010.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Hampton Roads Bankshares, Inc.
Date:   October 25, 2010	By:	/s/ John A.B. Davies, Jr.
		John A.B. Davies, Jr.
		President and Chief Executive Officer

Exhibit Index

Ex. 99.1 Press Release, dated October 25, 2010.

EX-99.1

FOR RELEASE:		October 25, 2010
Contact:	Douglas J. Glenn
	Executive Vice President, General Counsel and
	Chief Operating Officer
	(757) 217-3634

HAMPTON ROADS BANKSHARES ANNOUNCES ELECTION OF

RICHARD F. HALL, III AS CHAIRMAN OF THE BOARD OF SHORE BANK

Norfolk, Virginia, October 25, 2010:  Hampton Roads Bankshares, Inc. (NASDAQ:  HMPR) (the “Company”), the holding company for Bank of Hampton Roads and Shore Bank, today announced that the Board of Directors of Shore Bank has elected Richard F. Hall, III as Chairman.  Hall, who joined the Board of Shore Bank in 1997, succeeds Henry P. Custis, Jr., who resigned as Chairman but will remain on the Board of Shore Bank.  Custis was recently elected Chairman of the Board of the Company.

Mr. Hall served as a director of the Company since 2008, until stepping down earlier this month.  In addition to Shore Bank, Hall remains a director of Bank of Hampton Roads.  He previously served as a director of Shore Financial Corporation until its merger with the Company in mid-2008.

Mr. Hall is an Eastern Shore farmer and businessman.  He is the Chair of the Governor’s Migrant and Seasonal Farm Workers Board, and past chair of

the Governor’s Sweet Potato Board.  Mr. Hall is one of the founding members of the Eastern Shore Marketing Cooperative, and also serves on the Boards of the Eastern Shore Soil and Water Conservation District, and the Association of Virginia Potato and Vegetable Growers.  He is a former board member of the Virginia Eastern Shore Land Trust.  He is an Elder and treasurer of Naomi Makemie Presbyterian Church in Onancock, Virginia.  Mr. Hall has a Bachelor of Science degree from the University of Florida.

About Hampton Roads Bankshares

Hampton Roads Bankshares, Inc. is a bank holding company that was formed in 2001 and is headquartered in Norfolk, Virginia. The Company’s primary subsidiaries are Bank of Hampton Roads, which opened for business in 1987, and Shore Bank, which opened in 1961 (the “Banks”).  The Banks engage in general community and commercial banking business, targeting the needs of individuals and small to medium-sized businesses.  Currently, Bank of Hampton Roads operates twenty-eight banking offices in the Hampton Roads region of southeastern Virginia and twenty-four offices in Virginia and North Carolina doing business as Gateway Bank & Trust Co.  Shore Bank serves the Eastern Shore of Maryland and Virginia through eight banking offices and fifteen ATMs. Through various affiliates, the Banks also offer mort gage banking services, insurance, title insurance, and investment products.  Shares of the Company’s common stock are traded on the NASDAQ Global Select Market under the symbol HMPR.  Additional information about the Company and its subsidiaries can be found at www.hamptonroadsbanksharesinc.com.

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