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)                 September 21, 2012           

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 September 21, 2012, Hampton Roads Bankshares, Inc. (the “Company”), the holding company for The Bank of Hampton Roads and Shore Bank, announced that it has completed the sale of the Gateway Bank & Trust Company branches located at 4725 SW Cary Parkway in Cary, NC and 504 Meadowmont Village Circle in Chapel Hill, NC to Bank of North Carolina.

A copy of the press release making such announcement 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 September 21, 2012, announcing completion of the sale of the Gateway Bank branches located in Cary, NC and Chapel Hill, NC.

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:    September 24, 2012	By:	/s/ Thomas B. Dix, III
		Thomas B. Dix, III
		Secretary

EXHIBIT INDEX

Exhibit No.	Description
Ex. 99.1	Press Release, dated September 21, 2012, announcing completion of the sale of the Gateway Bank branches located in Cary, NC and Chapel Hill, NC.

EX-99.1

Exhibit 99.1

		September 21, 2012
Contact:	Stephen P. Theobald
	Executive Vice President and Chief Financial Officer
	(757) 217-1000

BANK OF HAMPTON ROADS COMPLETES SALE OF PRESTON CORNERS AND CHAPEL HILL, NC BRANCH DEPOSITS TO BANK OF NORTH CAROLINA

Norfolk, Virginia, September 21, 2012:  Hampton Roads Bankshares, Inc. (NASDAQ:  HMPR) (the “Company”), the holding company for The Bank of Hampton Roads (“BHR”) and Shore Bank, today announced that it has completed the sale of deposits associated with the Gateway Bank & Trust Company branches located at 4725 SW Cary Parkway in Cary, NC (“Preston Corners”) and 504 Meadowmont Village Circle in Chapel Hill, NC to Bank of North Carolina, a subsidiary of BNC Bancorp (Nasdaq:BNCN), pursuant to an agreement announced on April 30, 2012.  BHR will continue to service the Raleigh, NC area through its branch located at 2235 Gateway Access Point, Raleigh, NC.

Under the terms of the agreement, Bank of North Carolina also acquired the land, building and personal property associated with the Preston Corners branch, assumed BHR’s lease for the Chapel Hill branch and acquired its associated personal property, and acquired certain unimproved land in Chapel Hill, NC.  Bank of North Carolina is continuing to operate the Preston Corners and Chapel Hill branches. Further terms of the transaction were not disclosed.

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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