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)    February 25, 2013

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.)
641 Lynnhaven Parkway, Virginia Beach, VA 23452
(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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 23, 2013, Stephen P. Theobald, Executive Vice President and Chief Financial Officer of Hampton Roads Bankshares, Inc. (the “Company”) informed the Company of his intention to resign from his position with the Company, effective March 31, 2013, in order to accept a CFO position with another financial services firm.

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 February 28, 2013, announcing the resignation of Stephen P. Theobald, Executive Vice President and Chief Financial Officer of Hampton Roads Bankshares, Inc.

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:    February 28, 2013	By:	/s/ Douglas J. Glenn
		Douglas J. Glenn
		President and Chief Executive Officer

EXHIBIT INDEX

Exhibit No.	Description
Ex. 99.1	Press Release, dated February 28, 2013, announcing the resignation of Stephen P. Theobald, Executive Vice President and Chief Financial Officer of Hampton Roads Bankshares, Inc.

EX-99.1

Exhibit 99.1

	February 28, 2013
Contact:	Stephen P. Theobald
	Executive Vice President and Chief Financial Officer
	(757) 217-1000

HAMPTON ROADS BANKSHARES ANNOUNCES CFO TRANSITION

Virginia Beach, Virginia, February 28, 2013:  Hampton Roads Bankshares, Inc. (NASDAQ:  HMPR) (the “Company”), the holding company for The Bank of Hampton Roads (“BHR”) and Shore Bank, today announced that Stephen P. Theobald, Executive Vice President and Chief Financial Officer, will be leaving the Company on March 31, 2013 to accept a CFO position with another financial services firm.  The Company will conduct a search for a successor.

Douglas J. Glenn, President and Chief Executive Officer of the Company and Chief Executive Officer of BHR, said, “Steve has done an outstanding job of leading and enhancing our Finance function and has played an important role in the execution of our plan to strengthen our balance sheet, improve operating efficiency and profitability, and become the premier community bank in our region.  We will miss Steve and will act expeditiously to appoint a successor of his caliber.”

Glenn added, “As demonstrated by our press release on January 30, 2013, we made substantial progress on many fronts in 2012.  I am confident that we can sustain this progress in 2013 and beyond.”

Theobald said, “Working with the team at Hampton Roads Bankshares has been a great experience.  I am particularly proud of the progress we have made over the last three years toward returning the Company to profitability and I leave with confidence that the progress will continue.    While I was not seeking employment outside the Company, I was recruited for an attractive position that not only fits with my professional goals, but is also a welcomed opportunity to work closer to my home and family in the Washington D.C. metropolitan area.”

Caution About Forward-Looking Statements

Certain statements made in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements are statements that include projections, predictions, expectations, or beliefs about events or results or otherwise are not statements of historical facts, including prospective statements about continued progress and future profitability.  Although the Company believes that its expectations with respect to such forward-looking statements are based upon reasonable assumptions within the bounds of its existing knowledge of its business and operations, there can be no assurance that actual results, performance or achievements of the Company will not differ materially from those expressed or implied by such forward-looking statements.  Factors that could cause actual events or results to differ significantly from those described in the forward-looking statements include, but are not limited to those described in the cautionary language included under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2011, Quarterly Report on Form 10-Q for the quarter ended September 30, 2012 and other filings made with the SEC.

About Hampton Roads Bankshares

Hampton Roads Bankshares, Inc. is a bank holding company that was formed in 2001 and is headquartered in Virginia Beach, Virginia. The Company’s primary subsidiaries are The 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, The Bank of Hampton Roads

operates banking offices in Virginia and North Carolina doing business as The 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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