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)     November 10, 2011

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:

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

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

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

o  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.

On November 10, 2011, Hampton Roads Bankshares, Inc. (the “Company”), the holding company for Bank of Hampton Roads and Shore Bank, announced that it has completed the sale of the Company’s Gateway Bank branch in Charlottesville, Virginia to Blue Ridge Bank, Inc. (formerly known as The Page Valley Bank). The Company also announced the closure of a Bank of Hampton Roads branch in Virginia Beach, Virginia.

A copy of the press release making such announcements is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits
Ex. 99.1	Press Release, dated November 10, 2011, announcing completion of the sale of the Charlottesville Gateway Bank branch and closure of a Bank of Hampton Roads branch in Virginia Beach, Virginia.

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:    November 10, 2011	By:	/s/ Paul A. Driscoll
		Paul A. Driscoll
		Senior Vice President and Interim General Counsel

EXHIBIT INDEX

Exhibit No.	Description
Ex. 99.1	Press Release, dated November 10, 2011, announcing completion of the sale of the Charlottesville Gateway Bank branch and closure of a Bank of Hampton Roads branch in Virginia Beach, Virginia.

EX-99.1

Exhibit 99.1

         November 10, 2011

Contact:	Stephen P. Theobald
	Executive Vice President and
	Chief Financial Officer
	(757) 217-1000

HAMPTON ROADS BANKSHARES COMPLETES SALE OF

CHARLOTTESVILLE BRANCH TO BLUE RIDGE BANK

Company Also Announces Closing of Pacific Avenue Branch

Norfolk, Virginia, November 10, 2011:  Hampton Roads Bankshares, Inc. (NASDAQ:  HMPR) (the “Company”), the holding company for Bank of Hampton Roads and Shore Bank, today announced that it has completed the sale of the Company’s Gateway Bank branch in Charlottesville, Virginia to Blue Ridge Bank, Inc. (“Blue Ridge”) (formerly known as The Page Valley Bank) of Luray, Virginia, a wholly-owned subsidiary of Blue Ridge Bankshares, Inc. (Pink Sheets: BRBS).  Under the definitive agreement announced on June 22, 2011, Blue Ridge purchased all deposits and selected assets associated with the Gateway Bank Charlottesville branch. The terms of the transaction were not disclosed.  The Company was advised by Sandler O'Neill & Partners, L.P. on the sale of the branch.

The Company also announced today that it has closed its Bank of Hampton Roads branch located at 3801 Pacific Avenue in Virginia Beach, Virginia.  As previously announced on July 28, 2011, the accounts and services in the Pacific Avenue branch have been transferred to the Bank of Hampton Roads’ Hilltop branch located at 1580 Laskin Road in Virginia Beach.

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 banking offices in Virginia and North Carolina doing business as Bank of Hampton Roads and Gateway Bank & Trust Co.  Shore Bank serves the Eastern Shore of Maryland and Virginia through seven banking offices, ATMs and a recently opened loan production office in West Ocean City, Maryland. Through various affiliates, the Banks also offer mortgage banking services 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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