| Virginia                                                       | 54-2053718                           |
|----------------------------------------------------------------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
|                                                           |                                 |
| 999 Waterside Dr., Suite 200Norfolk, Virginia                  | 23510                                |
| (Address of principal executive offices)                       | (Zip Code)                           |

| Securities registered pursuant to Section 12(b) of the Act: |
|-------------------------------------------------------------|
| Title of each class                                         |   | Name of each exchange on which registered |
| Common Stock, par value $0.625 per share                    |   | The NASDAQ Stock Market |

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| Name                                      | Age    | Principal Occupation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | Director Since | Term Expires in |
|-------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------|-----------------|
| John A. B. “Andy” Davies, Jr. | 59     | Mr. Davies was named President and CEO of the Company in July 2010.  Prior to joining the Company, Davies was President and CEO of The Marathon Organization Ltd., a management consulting firm focused on community banks.  Davies served as Chairman of the Virginia Board of Directors of RBC Centura Bank from 2001 to 2004 and as Regional President – Virginia Market of Centura Bank from 1999 to 2001.  From 1991 to 1999, he was President, CEO, and Director of First Coastal Bankshares.  His banking career began in 1974.  He is a graduate of the College of William and Mary and the Stonier Graduate School of Banking.  Mr. Davies has been actively engaged with numerous civic, cultural, and educational organizations in Hampton Roads, including the role of board chairman with ACCESS College Foundation, WHRO Foundation, United Way of South Hampton Roads, and Junior Achievement of Greater Hampton Roads.  Mr. Davies’ experience in the banking industry and his extensive knowledge of financial services provide the Board with an invaluable resource for assessing and managing risk and for strategic corporate planning. | 2009           | 2010            |
|                                      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |           |            |
| Douglas J. Glenn                          | 43     | Mr. Glenn is Executive Vice President, Chief Operating Officer, and General Counsel of the Company and Executive Vice-President and General Counsel of the Bank of Hampton Roads (“BOHR”).  He was appointed Executive Vice President and General Counsel of the Company and the Bank in 2007.  He added the responsibilities of Chief Operating Officer of the Company in February 2009. Prior to joining the Company, Mr. Glenn practiced law at Pender & Coward, P.C. in Virginia Beach, Virginia.  His law practice was focused primarily on small business clients and clients involved in various aspects of real estate.  His knowledge of small business and real estate finance and legal issues are valuable attributes for the Company’s Board of Directors.                                                                                                                                                                                                                                                                                                                                                                                                               | 2006           | 2012            |
|                                      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |           |            |

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| William Brumsey, III | 67     | Mr. Brumsey is an attorney and principal in the firm Brumsey & Brumsey, PLLC.  He has practiced law in North Carolina for 41 years.  Prior to his appointment to the Company’s Board of Directors in 2008, he served as a director of Albemarle Savings and Loan Association from 1978 to 1985 and was a founding director of Gateway Bank and Trust Company (“Gateway Bank”) in 1998 and served in that capacity until 2008.  He is a participant in several land acquisition and development projects.  His legal background, real estate activities, and business relationships in the Outer Banks area of North Carolina contribute importantly to the Board.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 2008   | 2011   |
|----------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|
|                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   |
| Billy G. Roughton    | 64     | Mr. Roughton was a director of Gateway Financial Holdings Inc. (“Gateway”) until its merger with the Company on December 31, 2008 and was Chairman of the Board of Gateway Bank until May 2009.  He is President and CEO of BGR Development, a company that develops and manages both residential and commercial real estate, positions he has held since 1974.  He also is Dealer Principal, President, and CEO of JEB Management Services, Inc., doing business as Alliance Nissan, which is a franchised automobile dealership, positions he has held since 2009.  In addition, Mr. Roughton is the Managing Partner of various companies involved in real estate development and project management for both residential and commercial real estate.  He is directly involved in the management of the business ventures including, among other aspects, personnel management, financing, project cash flow, permit acquisition, operations, and overall viability and corporate stability.  Mr. Roughton has substantial knowledge of the market for residential and commercial real estate and of participants in the market on the Outer Banks area of North Carolina. | 2008   | 2012   |
|                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   |

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| Ollin B. Sykes    | 59     | Mr. Sykes is President of Sykes and Company, P.A., an accounting and business advisory firm with multiple offices.  He has been a Certified Public Accountant (“CPA”) in public practice since 1975, a Certified Management Accountant (“CMA”) since 1980, and an entrepreneur who established his own business, which now employs approximately 20 professionals.  He has had the benefit of handling directly or indirectly thousands of client relationships, both individuals and businesses, over the past three decades.  In addition, he has participated in taking several of his business clients public.  Prior to joining the Company’s Board of Directors, he served as a director of Gateway and Charles & Colvard, Inc.  Mr. Sykes is a graduate of Mars Hill College and earned a bachelor’s degree in business administration.  He also attended a graduate program at Virginia Tech.  He has served on the board of the Chowan Community Foundation and is a member of the National Association of Accountants, the North Carolina Association of Certified Public Accountants, and the American Institute of Certified Public Accountants and is a Certified Information Technology Professional.  Mr. Sykes serves on the Company’s Audit Committee and is one of two designated financial experts on the Audit Committee.  Mr. Sykes brings a wealth of knowledge of accounting and finance to the Company.  He is also knowledgeable in information technology.  He has previously served on the boards of public companies and has been involved with preparing documents in conjunction with taking companies public. | 2008   | 2010   |
|-------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|
|              |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |
| Frank T. Williams | 74     | Mr. Williams was a director of Gateway until its merger with the Company on December 31, 2008.  He is President and CEO of Frank T. Williams Farms and affiliated companies since 1955.  The businesses he manages include, among others, farming, trucking, grain elevator and feed mill operations, real estate acquisition, development and management and site development work.  His responsibilities are both operational and managerial through which he oversees all aspects of production and determines the strategic direction of the businesses.  Mr. Williams’ diverse business experience is a valuable resource for the Company’s Board.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 2008   | 2012   |
|              |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |
| Jerry T. Womack   | 70     | Mr. Womack was a director of Gateway until its merger with the Company on December 31, 2008.  He is President and Chief Executive Officer of Suburban Grading and Utilities, Inc., which he founded in 1969.  Since that time, Suburban has been successful and profitable, completing in excess of $960 million of heavy construction work mostly in the Hampton Roads area.  He has proven in-depth experience and comprehensive expertise in underground utilities, clearing and grading, excavation, paving, and road building,  He has thorough knowledge of city, state, and federal regulations, state highway construction specifications and environmental and OSHA regulations.  His background includes interactions with governmental officials and other area contractors. He has demonstrated his ability to manage diverse responsibilities simultaneously, anticipate and resolve real and potential problems, communicate on all levels and quickly assimilate complex business and financial dealings.  He has served as President of the Tidewater Utilities Contractors Association and as an advisory board member of Cenit Bank.  Mr. Womack brings to the Company more than 40 years of business and financial experience, a broad knowledge of the Hampton Roads markets and a network of business associates, colleagues, and relationships with local, state, and federal government officials.                                                                                                                                                                                                                                                                                                          | 2008   | 2010   |
|              |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |

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| Henry P. Custis, Jr.      | 64     | Mr. Custis is a Partner at Custis, Lewis & Dix, a law firm in Accomac, Virginia.  He has practiced law since 1970.  He was chairman of the board of Shore Financial Corporation until its merger with the Company on June 1, 2008 and currently serves as chairman of Shore Bank, a position he has held since 1997.  He also has served on boards for Citizens Bank from 1974-1975 and predecessor banks to the current SunTrust Banks, Inc.  Mr. Custis is a former director of the Eastern Shore of Virginia Community Foundation.  He has practiced law for 39 years, served on bank boards for 36 years, and been an investor for 35 years.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 2008   | 2012   |
|---------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|
|                      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |
| Richard F. Hall, III      | 55     | Mr. Hall is the owner of Loblolly Farms and Seaside Produce, both of which are located in Accomac, Virginia on the Eastern Shore of Virginia.  He has a Bachelor of Science degree from University of Florida.  Prior to being named to the Company’s Board of Directors, he was a director of Shore Financial Corporation and Shore Bank.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 2008   | 2011   |
|                      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |
| Patrick E. Corbin    | 56     | Mr. Corbin is the Managing Shareholder of Corbin & Company, P.C.  He has been a Certified Public Accountant since 1979.  From 1988 to 2000 he was a director and chairman of the audit committee of Cenit Bank for Savings in Norfolk, Virginia.  He holds a Bachelor of Science degree in business with a major in accounting from Virginia Polytechnic Institute.  He is a member of professional organizations including, the American Institute of Certified Public Accountants, the Virginia Society of Certified Public Accountants, and the Tidewater Virginia Society of Certified Public Accountants.  He is a director and past chairman of the Chesapeake Alliance.  He was designated as “Super CPA” by Virginia Business magazine in the fields of litigation support and business valuation for the years 2002-2007.  Mr. Corbin brings significant experience to the Board in the fields of accounting and small business expertise.                                                                                                                                                               | 2009   | 2012   |
|                      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |
| William A. Paulette  | 62     | Mr. Paulette was a director of Gateway until its merger with the Company on December 31, 2008 and was a director of Bank of Richmond from 1998 to 2007.  He has served on the board of Virginia Military Institute since 2003.  He is founder, President, and CEO of KBS, Inc., a construction firm based in Richmond, Virginia.  He is responsible for the general management of KBS including its financial success.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 2009   | 2012   |
|                      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |
| Herman A. Hall, III       | 61     | Mr. Hall is a founding board member of BOHR and serves as the Vice Chairman of the Company and BOHR.  He is designated as one of two financial experts on the Company’s Audit Committee, of which he is also Chairman.  Mr. Hall earned a Bachelor’s degree in business from the University of Tennessee and has attended Old Dominion University for MBA studies.  He is the managing member of Hallmark Development, LLC., a real estate development company, and is the managing member of several other residential and commercial real estate development companies.  In addition, he serves as Secretary-Treasurer of Hall Farms, Inc., a truck farming operation.  Mr. Hall’s various endeavors provide him, and consequently, the Board of Directors with insight into the market for commercial and residential real estate and its participants in the Company’s largest market, South Hampton Roads.  He has demonstrated his abilities with successful, multi-million dollar ventures that require business expertise, risk management, management skills, implementation of business plans, and sales. | 1987   | 2010   |
|                      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |

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| W. Lewis Witt    | 67     | Mr. Witt has been the owner and president of Inner-view, Ltd. since September 1976, a utility contractor, and has been the owner of Greenbrier Self Storage since 1997.  He previously served as a Chairman of Coastal Virginia Bank until its acquisition by the Company in 1992.  Mr. Witt’s involvement with utility contracting acquaints him with a wide network of community officials and other contractors.  He is knowledgeable regarding the South Hampton Roads real estate and development market and many of its participants.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 1992   | 2010   |
|------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|
|             |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |
| Robert R. Kinser | 58     | Mr. Kinser is an Attorney at Law with the firm Basnight, Kinser, Telyefan, Leftwich, & Nuckolls, P.C.  He has also been a director of Ramsgate Corporation since 1997, a land development company, and Summit Construction since 2005, a home building company.  In addition, Mr. Kinser is involved with numerous and sundry land development companies of a single site nature and with recycling and waste disposal companies.  He has familiarity with real estate market conditions particularly in Chesapeake, Virginia Beach, and Suffolk, Virginia and has a good working relationship with the local governments therein.  He has a good working knowledge of banking and development procedures and familiarity with many of BOHR’s clients, their needs, and their strength as customers of BOHR.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 2006   | 2010   |
|             |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |
| Jordan E. Slone  | 47     | Mr. Slone has been the Chairman and CEO of Harbor Group International since July 1985, a diversified real estate investment and financial services company with offices in the United States, Canada, and Israel and owns and manages properties in five countries, including properties in the Company’s markets.  Harbor Group’s property portfolio of Class A office buildings and apartment complexes exceeds $2.7 billion in value.  Harbor Group also owns 3.5% of the third largest mobile home company in the United States.  Additionally, the company originates and purchases loans as well as commercial mortgage-backed securities.  Prior to forming Harbor Group in 1985, Mr. Slone was co-founder and Vice President of International Spring Corporation, a Portsmouth, Virginia manufacturer of inner box springs for the mattress industry.  In 1986, the Slone family sold International Spring to Leggett and Platt, Inc., a Fortune 500 company.  Mr. Slone also serves on the Board of Directors of USA Discounters, a furniture retailer and finance company with 13 stores across the United States.  In addition, he is an Advisory Board Member of the National Multi-Housing Council.  Mr. Slone brings significant knowledge regarding commercial real estate and finance as well as organizational and managerial skills to the Company. | 2006   | 2010   |
|             |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |

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| Roland Carroll Smith, Sr. | 68     | Mr. Smith has been an owner of Hearndon Construction Corp. since 1976 and became the majority owner in 2005.  He also serves as the firm’s President and CEO.  Hearndon is in the business of building single family homes and land development that generates approximately $25-$30 million in annual sales.  Mr. Smith has responsibility for the profitability and overall success of the firm.  He is directly involved with the management and supervision of the company’s employees and the financing of the business including generating sufficient cash flow to meet operating needs.  Mr. Smith has an extensive knowledge of the real estate market in South Hampton Roads and of the participants in the market.                                                                                                                                                                                             | 2006   | 2011   |
|---------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|
|                      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |
| Bobby L. Ralph            | 70     | Mr. Ralph was the Mayor of the City of Suffolk from 2004-2006 and a Council Member of the City of Suffolk from 2002-2006.  Prior to his service on City Council, he was Director of the Department of Social Services for the City of Suffolk and Executive Director of the Nansemond-Suffolk Chamber of Commerce.  Mr. Ralph’s service to the City of Suffolk required a broad range of managerial skills including budgeting, public relations, personnel management, and the development and execution of strategic plans.  It also provided him with an understanding of municipal government and exposed him to both local and regional leadership and planning processes.                                                                                                                                                                                                                                                                     | 1997   | 2011   |
|                      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |
| Emil A. Viola             | 72     | Mr. Viola is a founding director of BOHR and is the Chairman of BOHR and the Company.  He is the Chairman and Treasurer of Vico Construction Corp., which he has owned since 1959.  He has also been the President of Galberry Corporation since 1982, a land development company, and Managing Member of the Great Dismal Swamp RestorationBank, LLC since January 2005, which is a wetlands mitigation banking group.  In addition, he is the Managing Member of numerous companies involved in residential real estate, commercial real estate, and equipment leasing.  Mr. Viola brings more than 50 years of construction, land development, and commercial real estate experience to the Company’s Board of Directors.  He has broad based experience primarily in the South Hampton Roads market that includes knowledge of local governments and their practices and procedures and of other contractors in the market. | 1987   | 2011   |

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|   | · | a prohibition on payment to any of our five most highly compensated employees of any cash bonuses; |
|--------|--------|----------------------------------------------------------------------------------------------------|

|   | · | a prohibition on our named executive officers and the next five most highly compensated employees from receiving any severance payments upon a termination of employment or any payments triggered by a change in control; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | a requirement that we “claw back” incentive compensation to our named executive officers and the next 20 most highly compensated employees if it is based on materially inaccurate financial statements or performance metrics, and a prohibition on payment of any tax gross-up payment to this group; and |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | a limitation on tax deductions for compensation paid to each of our named executive officers that exceeds $500,000 in any year. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------|

|   | · | Incentive compensation arrangements should balance risk and financial results in a manner that does not provide employees incentives to take excessive risks on behalf of the banking organization. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | A banking organization’s risk-management processes and internal controls should reinforce and support the development and maintenance of balanced incentive compensation arrangements. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Banking organizations should have strong and effective corporate governance to help ensure sound compensation practices. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------|

|   | · | Performance-based bonuses and other incentive payments to the five most highly compensated employees, and all other employees were not made during fiscal 2009. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | The change of control agreements previously applicable to senior executive officers, the next five most highly compensated employees, and all other employees were suspended during fiscal 2009. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | In addition, the Company is in the process of adding a recovery or “clawback” provision to the Company’s incentive compensation plans requiring that any senior executive officer and the next twenty most highly compensated employees return any bonus payment based upon materially inaccurate financial statements or performance metrics.  However, there were such no bonus payments to any such officers or employees during fiscal 2009. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | · | Performance-based bonuses and other incentive payments to the five most highly compensated employees, and all other employees were not made during fiscal 2009. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | The change of control agreements previously applicable to senior executive officers, the next five most highly compensated employees, and all other employees were suspended during fiscal 2009. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  Name and Principal Position |    Year |   Salary ($)                                          |   Bonus ($)                                                                            |   StockAwards(h)($)                                                                                              |  Option Awards (i)($)                                                                             | Non-Equity Incentive Plan Compen-sation($)                               | Change in Pension Value and Nonqualified Deferred Compensation Earnings (j)($) |  All Other Compensation($)                                                                        |  Total($)                         |
|-----------------------------------|------------------------|-----------------------------------------------------------------|--------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------|--------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------|----------------------------------------|
|                              |                   |                                                            |                                                                                             |                                                                                                                       |                                                                                                   |                                                                     |                                                                           |                                                                                                   |                                   |
| John A. B. Davies, Jr.       | 2009                   | $242,628(k)                                                     | $57,895                                                                                          | $123,750                                                                                                                   |    --                                                                                   |     --                                               |       --                                         |    $11,913(a)                                                                           |   436,186                    |
| Neal A. Petrovich            | 2009                   |   234,006(l)                                          |     --                                                                       | $41,500                                                                                                                    |     --                                                                             |     --                                               |        --                                   |       33,976(b)                                                          |   309,482                    |
| Lorelle L. Fritsch (m)       | 20092008          |   181,166  131,907                          |     --    --                                             |      --              22,500 |     --    --                                                   |      --     --         |     16,099    15,046                   |      11,405(c)      44,022                      |   208,670  213,475 |
| David Twiddy                 | 20092008               |   425,000  425,000                          |     --130,000                                                                | --  80,000                                                                                                       | ----                                                                                                   | ----                                                                     | 205,945 --                                                                |     109,605(d)    855,307                                      |   740,5501,490,307           |
| Douglas J. Glenn             | 2009              |   400,000                                             |     --                                                                       |      --                                                                                           |    --                                                                                   |      --                                         |      55,193                                           |      75,302(e)                                                                |   530,495                    |
| Kevin Pack                   | 2009              |   353,718(n)                                          |      --                                                                 |      --                                                                                           |     --                                                                             |      --                                         |        --                                   |      19,344(f)                                                                |   373,062                    |
| Jack W. Gibson               | 200920082007      |   241,096  530,000  460,000  |      --     --     -- |      --   79,500     --                              |      --     --     --  |      --     -- 165,600 |   559,676  517,851402,815                                  |     746,138(g)    195,811    101,898  | 1,546,9101,323,1621,130,313            |

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| Name                         |   Grant Date | All Other Stock Awards:  Number of Shares of Stock or Units (#) | All Other Option Awards:  Number of Securities Underlying Options(#) | Exercise or Base Price of Option Awards($/Sh) | Grant Date Fair Value of Stock and Option Awards ($) |
|------------------------------|------------------------|---------------------------------------------------------------------------|--------------------------------------------------------------------------------|-----------------------------------------------|------------------------------------------------------|
|                         |                   |                                                                      |                                                                           |                                          |                                                 |
| John A. B. Davies, Jr.  | --                     | 75,000 (1)                                                                | --                                                                             | --                                            | $123,750                                             |
| Neal A. Petrovich       | --                     | 5,000                                                                     | --                                                                             | --                                            | $41,500                                              |
| Lorelle L. Fritsch      | --                     | --                                                                        | --                                                                             | --                                            | --                                                   |
| David Twiddy            | --                     | --                                                                        | --                                                                             | --                                            | --                                                   |
| Douglas J. Glenn        | --                     | --                                                                        | --                                                                             | --                                            | --                                                   |
| Kevin Pack              | --                     | --                                                                        | --                                                                             | --                                            | --                                                   |
| Jack W. Gibson          | --                     | --                                                                        | --                                                                             | --                                            | --                                                   |

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| Name                                                              | Option Awards                                                                            | Stock Awards                           |
|-------------------------------------------------------------------|------------------------------------------------------------------------------------------|----------------------------------------|
| Number of Securities Underlying Unexercised Options(#)Exercisable | Number of Securities Underlying Unexercised Options(#)Unexercisable                      |  Option Exercise Price($)         |  Option Expiration Date | Number of Shares or Units of Stock That Have Not Vested(#) | Market Value of Shares or Units of Stock That Have Not Vested($) |
|                                                              |                                                                                     |                                   |   |   |   |   |
| John A. B. Davies, Jr.                                       | --                                                                                       | --                                     | -- | -- | -- |        -- |
| Neal A. Petrovich                                            | --                                                                                       | --                                     | -- | -- | 875 |    $7,262 |
| Lorelle L. Fritsch                                           | --1,9782,0791,0741,0061,192729                                                           | 3,000------------                      |  $12.00 10.6511.5211.609.008.008.00 | 12/31/1612/31/1512/31/1412/31/1312/31/1212/31/1112/31/10 | -- |        -- |
| David Twiddy                                                 | --24,32113,7646,075                                                                      | 3,350------                            | 21.8719.679.168.64 | 08/28/1611/24/1408/02/1111/20/10 | -- |        -- |
| Douglas J. Glenn                                             | --2,00010,000                                                                            | 20,000----                             | 12.2512.0012.00 | 11/01/1712/31/1612/31/16 |    2,000 |         8,300 |
| Kevin Pack                                                   | --                                                                                       | 6,700                                  | 20.99 | 08/31/17 | -- |         -- |
| Jack W. Gibson                                               | 2,000--1,7372,63820,3433,4672,57919,8313,0302,53121,8952,46624,8762,40617,7882,39925,788 | --25,000------------------------------ | 12.0012.0010.6510.6510.6511.5511.5211.5211.6011.6011.609.09.08.08.08.08.0 | 12/31/0612/31/0601/01/1612/31/1512/31/1501/01/1512/31/1412/31/1412/31/1412/31/1312/31/1312/31/1212/31/1212/31/1112/31/1112/31/1012/31/10 |                  592 |                      6,302 |

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|   Name                         | Option Awards                 | Stock Awards                            |
|------------------------------------------|-------------------------------|-----------------------------------------|
| Number of Shares Acquired on Exercise(#) | Value Realized on Exercise($) | Number of Shares Acquired on Vesting(#) | Value Realized on Vesting($) |
|                                     |                          |                                    |   |   |
| John A. B. Davies, Jr.              | --                            | --                                      | -- | -- |
| Neal A. Petrovich                   | --                            | --                                      | 1,000 | $8,300 |
| Lorelle L. Fritsch                  | --                            | --                                      | 2,647 | 22,450 |
| David Twiddy                        | --                            | --                                      | -- | -- |
| Douglas J. Glenn                    | --                            | --                                      | 5,294 | 44,999 |
| Kevin Pack                          | --                            | --                                      | -- | -- |
| Jack W. Gibson                      | --                            | --                                      | 9,352 | 79,492 |

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| Name                         |  Plan Name                   | Number of Years Credited Service(#) | Present Value of Accumulated Benefit($) | Payments During Last Fiscal Year($) |
|------------------------------|-----------------------------------|-------------------------------------|-----------------------------------------|-------------------------------------|
|                         |                              |                                |                                    |                                |
| John A. B. Davies, Jr.  |  None                        | --                                  | --                                      | --                                  |
| Neal A. Petrovich       |  None                        | --                                  | --                                      | --                                  |
| Lorelle L. Fritsch      | SupplementalRetirement Plan       | --                                  | $31,145                                 | --                                  |
| David Twiddy            | SupplementalRetirement Agreement  | --                                  | 205,945                                 | --                                  |
| Douglas J. Glenn        | None                              | --                                  | --                                      | --                                  |
| Kevin Pack              | None                              | --                                  | --                                      | --                                  |
| Jack W. Gibson          | Supplemental Retirement Agreement | --                                  | 2,973,258                               | --                                  |

|     Name | Executive Contributions in Last Fiscal Year($) | Registrant Contributions in Last Fiscal Year($)                      | Aggregate Earnings in Last Fiscal Year($) |  Aggregate Withdrawals/Distributions($) | Aggregate Balance at Last Fiscal Year-End($) |
|------------------------------|------------------------------------------------|----------------------------------------------------------------------|-------------------------------------------|----------------------------------------------|----------------------------------------------|
|                         |                                           |                                                                 |                                      |                                         |                                         |
| John A. B. Davies, Jr.  | --                                             |            -- |                                      | --                                           |                                         |
| Neal A. Petrovich       | $20,000                                        |            -- |     $672                   | --                                           |                                         |
| Lorelle L. Fritsch      | --                                             |            -- |  $3,646                              | --                                           |                                         |
| David Twiddy            | --                                             |            -- |                                      | --                                           |                                         |
| Douglas J. Glenn        | --                                             |            -- |  $1,580                              | --                                           |                                         |
| Kevin Pack              | --                                             |            -- |                                      | --                                           |                                         |
| Jack W. Gibson          | --                                             | --                                                                   |  $4,028                              | --                                           |                                         |

----

| (Dollars in thousands)                                     | Davies                            | Petrovich   | Fritsch       | Glenn                    | Pack   | Twiddy                    | Gibson(2)                            |
|------------------------------------------------------------|-----------------------------------|-------------|--------------------|--------------------------|--------|---------------------------|--------------------------------------|
|                                                       |                              |        |               |                     |   |                      |                                 |
| Company Payment Upon Change in Control                     | 2,040,793                         | 245,515     | 1,704,377          | 4,948,640                | --     |  8,978,433           | --                                   |
|                                                       |                              |        |               |                     |   |                      |                                 |
| Retirement                                                 |                              |        |               |                     |   |                      |                                 |
| Restricted Stock Plan                                      | --                                | --          | --                 | --                       | --     | --                        | --                                   |
| Employment Agreement                                       | --                                | --          | --                 | --                       | --     | --                        | --                                   |
| Supplemental Retirement Agreement                          | --                                | --          | --                 |   733,963      | --     |   1,883,557     | --                                   |
| SERP                                                       | --                                | --          | 455,396            | --                       | --     | --                        | --                                   |
| Executive Savings Plan                                     | --                                | --          |   40,852 | --                       | --     | --                        | --                                   |
|     Total                              | --                                | --          | 496,248            |  733,963            | --     |   1,883,557     | --                                   |
|                                                       |                              |        |               |                     |   |                      |                                 |
| Termination of Employment by Executive With Good Reason    |                              |        |               |                     |   |                      |                                 |
| Restricted Stock Plan                                      | --                                | --          | --                 | --                       | --     | --                        | --                                   |
| Employment Agreement                                       | --                                | --          | --                 | --                       | --     |    423,388 | --                                   |
| Supplemental Retirement Agreement                          | --                                | --          | --                 | --                       | --     | --                        | --                                   |
| SERP                                                       | --                                | --          | --                 | --                       | --     | --                        | --                                   |
| Executive Savings Plan                                     | --                                | --          |  40,852       | --                       | --     | --                        | --                                   |
|      Total                             | --                                | --          |  40,852       | --                       | --     |    423,388 | --                                   |
|                                                       |                              |        |               |                     |   |                      |                                 |
| Termination of Employment by Executive Without Good Reason |                              |        |               |                     |   |                      |                                 |
| Restricted Stock Plan                                      | --                                | --          | --                 | --                       | --     | --                        | --                                   |
| Employment Agreement                                       | --                                | --          | --                 | --                       | --     | --                        |    714,833            |
| Supplemental Retirement Agreement                          | --                                | --          | --                 | --                       | --     | --                        |  3,102,064                      |
| SERP                                                       | --                                | --          | --                 | --                       | --     | --                        | --                                   |
| Director Deferred Comp Plan                                | --                                | --          | --                 | --                       | --     | --                        |      26,863 |
| Director Retirement Agreements                             | --                                | --          | --                 | --                       | --     | --                        |    225,238            |
| Executive Savings Plan                                     | --                                | --          |  40,852       | --                       | --     | --                        |      58,330 |
|      Total                        | --                                | --          |  40,825       | --                       | --     | --                        | 4,127,327                            |
|                                                       |                              |        |               |                     |   |                      |                                 |
| Termination of Employment by Bank Without Cause            |                              |        |               |                     |   |                      |                                 |
| Restricted Stock Plan                                      | --                                | --          | --                 | --                       | --     | --                        | --                                   |
| Employment Agreement                                       |     1,237,553 | --          | 0                  |  398,483            | --     |   423,388       | --                                   |
| Supplemental Retirement Agreement                          | --                                | --          | --                 | --                       | --     | --                        | --                                   |
| SERP                                                       | --                                | --          | --                 | --                       | --     | --                        | --                                   |
| Executive Savings Plan                                     | --                                | --          | 40,852             | --                       | --     | --                        | --                                   |
|      Total                        |    1,237,553       | --          | 40,852             |  398,483            | --     |  423,388             | --                                   |
|                                                       |                              |        |               |                     |   |                      |                                 |
| Death                                                      |                              |        |               |                     |   |                      |                                 |
| Restricted Stock Plan                                      | --                                |  8,650 | --                 |    10,380 | --     | --                        | --                                   |
| Employment Agreement                                       | --                                | --          | --                 | --                       | --     | --                        | --                                   |
| Supplemental Retirement Agreement                          | --                                | --          | --                 |  405,075            | --     |  405,075             | --                                   |
| SERP                                                       | --                                | --          | 351,179            | --                       | --     | --                        | --                                   |
| Executive Savings Plan                                     | --                                | --          |  40,852       | --                       | --     | --                        | --                                   |
|      Total                        | --                                |  8,650 | 392,031            | 415,455                  | --     |  405,075             | --                                   |
|                                                       |                              |        |               |                     |   |                      |                                 |
| Disability                                                 |                              |        |               |                     |   |                      |                                 |
| Restricted Stock Plan                                      | --                                |  8,650 | --                 |    10,380 | --     | --                        | --                                   |
| Employment Agreement                                       | --                                | --          |   87,500 |  200,000            | --     |  212,500             | --                                   |
| Supplemental Retirement Agreement                          | --                                | --          | --                 | --                       | --     | --                        | --                                   |
| SERP                                                       | --                                | --          | 455,396            | --                       | --     | --                        | --                                   |
| Executive Savings Plan                                     | --                                | --          |   40,852 | --                       | --     | --                        | --                                   |
|      Total                        | --                                |  8,650 | 583,748            |  210,380            | --     |  212,500             | --                                   |
|                                                       |                              |        |               |                     |   |                      |                                 |

----

|   Name          | Fees Earned or Paid in Cash($) |  Stock Awards($) |  Option Awards($) |  Total($) |
|---------------------------|--------------------------------|-----------------------|------------------------|----------------|
|                      |                           |                  |                   |           |
| Jack W. Gibson            | 14,400                         | 28,450                | --                     | 42,850         |
|                      |                           |                  |                   |           |
| Henry P. Custis           | 25,150                         | --                    | --                     | 25,150         |
|                      |                           |                  |                   |           |
| Richard F. Hall, III      | 23,475                         | --                    | --                     | 23,475         |
|                      |                           |                  |                   |           |
| Douglas J. Glenn          | 21,600                         | 27,800                | --                     | 49,400         |
|                      |                           |                  |                   |           |
| Scott C. Harvard          | 15,300                         | --                    | --                     | 15,300         |
|                      |                           |                  |                   |           |
| Herman A. Hall, III       | 23,825                         | 6,400                 | --                     | 30,225         |
|                      |                           |                  |                   |           |
| W. Lewis Witt             | 26,475                         | --                    | --                     | 26,475         |
|                      |                           |                  |                   |           |
| Bobby L. Ralph            | 24,725                         | --                    | --                     | 24,725         |
|                      |                           |                  |                   |           |
| Emil A. Viola             | --                             | 26,350                | --                     | 26,350         |
|                      |                           |                  |                   |           |
| Roland Carroll Smith, Sr. | --                             | 24,600                | --                     | 24,600         |
|                      |                           |                  |                   |           |
| Robert R. Kinser          | 24,975                         | --                    | --                     | 24,975         |
|                      |                           |                  |                   |           |
| Jordan E. Slone           | 23,700                         | --                    | --                     | 23,700         |
|                      |                           |                  |                   |           |
| William Brumsey, III      | --                             | 39,900                | --                     | 39,900         |
|                      |                           |                  |                   |           |
| Robert Y. Green, Jr.      | --                             | 30,650                | --                     | 30,650         |
|                      |                           |                  |                   |           |
| Billy G. Roughton         | 41,300                         | --                    | --                     | 41,300         |
|                      |                           |                  |                   |           |
| Ollin B. Sykes            | 37,025                         | --                    | --                     | 37,025         |
|                      |                           |                  |                   |           |
| Frank T. Williams         | --                             | 35,100                | --                     | 35,100         |
|                      |                           |                  |                   |           |
| Jerry T. Womack           | --                             | 37,525                | --                     | 37,525         |
|                      |                           |                  |                   |           |
| D. Ben Berry              | 15,200                         | --                    | --                     | 15,200         |
|                      |                           |                  |                   |           |
| Pat Corbin                | --                             | 18,900                | --                     | 18,900         |
|                      |                           |                  |                   |           |
| Andy Davies               | 11,850                         | --                    | --                     | 11,850         |
|                      |                           |                  |                   |           |
| William E. Paulette       | 16,500                         | --                    | --                     | 16,500         |

----

|  Name                                                    | Number of SharesBeneficially Owned  | Percent ofOutstanding Shares (1) |
|---------------------------------------------------------------|-------------------------------------|----------------------------------|
|                                                          |                                |                             |
| Directors:                                                    |                                |                             |
|                                                          |                                |                             |
|   John A. B. Davies, Jr.                            | 119,843.05(2)                       | *                                |
|   William Brumsey, III                              | 167,948.72(3)                       | *                                |
|   Patrick E. Corbin                                 | 72,641.67(4)                        | *                                |
|       Henry P. Custis           | 330,496.00(5)                       | 1.49%                            |
|       Douglas J. Glenn          | 113,960.02(6)                       | *                                |
|       Herman A. Hall, III       | 193,233.00(7)                       | *                                |
|       Richard F. Hall, III      | 119,118.38(8)                       | *                                |
|       Robert R. Kinser          | 90,602.48(9)                        | *                                |
|       William A. Paulette       | 30,181.00(10)                       | *                                |
|       Bobby L. Ralph            | 48,216.53(11)                       | *                                |
|       Billy Roughton            | 122,939.31(12)                      | *                                |
|       Jordan E. Slone           | 136,674.34(13)                      | *                                |
|       Roland Carroll Smith, Sr. | 203,795.65(14)                      | *                                |
|       Ollin B. Sykes            | 131,189.03(15)                      | *                                |
|       Emil A. Viola             | 489,418.86(16)                      | 2.21%                            |
|       Frank T. Williams         | 266,610.27(17)                      | 1.20%                            |
|       W. Lewis Witt             | 109,529.93(18)                      | *                                |
|       Jerry T. Womack           | 521,205.62(19)                      | 2.35%                            |
|                                                          |                                |                             |
| Non-Director Executive Officers (not included above):         |                                |                             |
|                                                          |                                |                             |
| Lorelle L. Fritsch                                            |    22,934.51(20)     | *                                |
| David R. Twiddy                                               |    85,512.00(21)     | *                                |
|         Kevin Pack         |    41,815.41(22)     | *                                |
| All Directors and Executive Officers, as a group(23 persons)  |    3,417,865.58 (23) | 15.43%                           |

| (1) | Applicable percentages are based on 22,153,644.56 shares outstanding on May 24, 2010.  Also includes shares of Common Stock subject to options as of May 24, 2010.  Such shares are deemed to be outstanding for the purposes of computing the percentage ownership of the |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | individual holding such options, but are not deemed outstanding for purposes of computing the percentage of any other person shown in the table. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Includes 25,000.00 shares of fully-vested restricted stock held by the Company for Andy Davies. |
|-----|-------------------------------------------------------------------------------------------------|

| (3) | Includes 34,898.00 options to purchase shares, 8,501.00 shares owned jointly by William Brumsey, III and Walton H. Carter (business associate), 7,135.00 shares owned by Madeline F. Brumsey (wife), 206.00 shares held by Madeline F. Brumsey as custodian for John C. Ammons, Jr. (grandson), and 12,750.72 shares held in a deferred compensation plan for William Brumsey, III. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Includes 204.67 shares owned jointly by Patrick E. Corbin and Brenda C. Corbin (wife), 188.77 shares owned by Brenda C. Corbin, 7,405.17 shares held in a deferred compensation plan for Patrick E. Corbin, and 44,843.05 shares held in a revocable trust for Patrick E. Corbin. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | Includes 3,000.00 shares held in a revocable trust for Henry P. Custis, 50,000.00 shares held in a revocable trust jointly for Henry P. Custis and Linda Custis (wife), and 277,496.00 shares owned by Linda Custis. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | Includes 32,000.00 options to purchase shares, 14,831.00 options to purchase shares by Tiffany K. Glenn (wife), 272.71 shares held in the Company’s 401(k) Profit Sharing Plan and Trust for Douglas J. Glenn, 4,633.92 shares held in the Company’s 401(k) Profit Sharing Plan and Trust for Tiffany K. Glenn, 16,012.92 shares of restricted stock held by the Company for Douglas J. Glenn, 1,764.00 shares of restricted stock held by the Company for Tiffany K. Glenn, 6,409.59 shares held in a Rabbi Trust for Douglas J. Glenn, 7,559.07 shares held in a Rabbi Trust for Tiffany K. Glenn, 12,217.23 shares owned jointly by Douglas J. Glenn and Tiffany K. Glenn, 7,928.06 shares held in the Company’s director compensation plan for Douglas J. Glenn, 444.59 shares held by Tiffany K. Glenn as custodian for Grayson Glenn (son), and 444.77 shares held by Tiffany K. Glenn as custodian for Bayler Glenn (daughter). |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7) | Includes 38,368.00 options to purchase shares, 672.48 shares of restricted stock held by the Company for Herman A. Hall, III, 10,629.75 shares held in a directors compensation plan for Herman A. Hall, III, and 61,344.88 shares held in an IRA for Herman A. Hall, III. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (8) | Includes 116,235.62 shares held in a revocable trust for Richard F. Hall, III, 518.00 shares in an IRA for Richard F. Hall, III, and 518.00 shares in an IRA for Cynthia Hall (wife). |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (9) | Includes 12,000.00 options to purchase shares, 260.90 shares owned jointly by Robert R. Kinser and Karen W. Kinser (wife), 379.85 shares owned by Karen W. Kinser, 9,923.26 shares owned jointly by Robert R. Kinser and Luke E. Kinser (son), 9,835.02 shares held by Robert R. Kinser as custodian for Sarah Kinser (daughter), and 388.26 shares held by Robert R. Kinser as custodian for James T. Kinser (brother). |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (10) | Includes  29,846.00 shares owned jointly by William A. Paulette and Carolyn E. Paulette (wife). |
|------|-----------------------------------------------------------------------------------------------------------|

| (11) | Includes 24,868.00 options to purchase shares, 5,505.55 shares held in a director compensation plan for Bobby L. Ralph, and 672.48 shares of restricted stock held by the Company for Bobby L. Ralph. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (12) | Includes 19,765.00 options to purchase shares, 96,382.66 shares owned jointly by Billy Roughton and Mildred H. Roughton (wife), 6,139.84 shares held in a SEP for Billy Roughton, and 651.81 shares held in a SEP for Mildred H. Roughton. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (13) | Includes 12,000.00 options to purchase shares, 1,720.00 shares held by the 2003 Irrevocable Slone Children’s Trust, 34,479.28 shares held by Garden Capital Acquisitions, LLC, a company operated by Jordan E. Slone, and 40,268.25 shares held by Slone Investments. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (14) | Includes 10,000.00 options to purchase shares, 532.18 shares owned jointly by Roland Carroll Smith, Sr. and Jacqueline M. Smith (wife), 517.73 shares owned by Jacqueline M. Smith, 13,380.10 shares held in a deferred compensation plan for Roland Carroll Smith, Sr., 81,513.33 shares held in a Revocable Trust for Roland Carroll Smith, Sr., 5,377.82 shares held by Roland Carroll Smith, Sr. as custodian for Harrison D. Smith (grandson), 10,638.08 shares held by Roland Carroll Smith, Sr. as custodian for Erinn M. Smith (granddaughter), and 36,993.37 shares owned by Hearndon Construction Corporation, Inc., a company owned by Roland Carroll Smith, Sr. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (15) | Includes 21,239.00 options to purchase shares, 212.00 shares held in an IRA for Ollin B. Sykes, 110.00 shares held in a SEP for Ollin B. Sykes, 5,353.03 shares held in a 401(k) plan for Ollin B. Sykes, 244.00 shares owned by Sykesco Investment Partnership, an investment entity partially owned by Ollin B. Sykes, and 87,281.00 shares held by Sykes & Company P. A. Profit Sharing Plan and Trust, Ollin B Sykes, trustee. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (16) | Includes 2,000.00 options to purchase shares, 672.48 shares of restricted stock held by the Company for Emil A. Viola, 58,788.12 shares held in an IRA for Emil A. Viola, 18,658.60 shares held in a deferred compensation plan for Emil A. Viola, and 58,082.00 shares held in the Michael C. Viola Children’s Trust. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (17) | Includes 34,898.00 options to purchase shares and 10,329.27 shares held in a deferred compensation plan for Frank T. Williams. |
|------|--------------------------------------------------------------------------------------------------------------------------------|

| (18) | Includes 20,013.00 options to purchase shares, 672.48 shares of restricted stock held by the Company for W. Lewis Witt, 17,670.93 shares owned jointly by W. Lewis Witt and Judith W. Witt (wife), 1,927.62 shares held in an IRA for W. Lewis Witt, 6,941.36 shares held in an IRA for Judith W. Witt, 6,177.19 shares owned by Inner-View, Ltd., a company owned by W. Lewis Witt, and 46,160.00 shares held by Inner-View, Ltd. in a profit sharing plan for W. Lewis Witt. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (19) | Includes 34,898.00 options to purchase shares, 254,630.68 shares owned jointly by Jerry Womack and Alice Womack (wife), 66,447.49 shares owned by Alice Womack, 3,208.73 shares held in an IRA for Jerry Womack, and 11,556.72 shares held in a deferred compensation plan for Jerry Womack. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (20) | Includes 11,827.00 options to purchase shares, 1,695.20 shares owned jointly with David E. Fritsch (husband), 4,799.55 shares held in the Company’s 401(k) Profit Sharing Plan and Trust, 1,965.77 shares held in a Rabbi Trust for Lorelle L. Fritsch, and 2,647.00 shares of restricted stock held by the Company for Lorelle L. Fritsch. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (21) | Includes 47,510.00 options to purchase shares. |
|------|------------------------------------------------|

| (22) | Includes 6,700.00 options to purchase shares, 2,845.41 shares held in the Company’s 401(k) Profit Sharing Plan and Trust, and 24,452.00 shares held in an IRA for Kevin Pack. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (23) | Includes 337,815.00 options to purchase shares. |
|------|-------------------------------------------------|

----

----

|   | · | Loans made by us and our subsidiaries to certain directors and their associates in the ordinary course of business. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------|

|   | · | Payments, which were under $200,000 and 5% of such company’s consolidated gross revenues, for storage services made to Greenbrier Self Storage, a business affiliated with W. Lewis Witt. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Payments, which were under $200,000 and 5% of such company’s consolidated gross revenues, for the lease of property made to Accawmacke Associates, a business affiliated with Henry P. Custis, Jr. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|   | · | the candidate’s ability to help the Board create stockholder wealth, |
|--------|--------|----------------------------------------------------------------------------|

|   | · | the candidate’s ability to represent the interests of the stockholders, |
|--------|--------|-------------------------------------------------------------------------------|

|   | · | the business judgment, experience that is relevant to the business and acumen of the candidate, |
|--------|--------|-------------------------------------------------------------------------------------------------|

|   | · | the need of the Board for Directors having certain skills and experience that is relevant to the business, |
|--------|--------|------------------------------------------------------------------------------------------------------------|

|   | · | the candidate’s ability to fully participate in Board activities and fulfill the responsibilities of a director, including attendance at and active participation in, meetings of the Board or its committees, |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | other business and professional commitments of the candidate, including the number of other boards (public, private and charitable) on which the candidate serves, and |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | the financial sophistication, including the ability to qualify as “financially literate” under NASDAQ listing standards. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------|

----

|               |   | 2009   |    |   | 2008   |   |
|--------------------|--------|--------|---------|--------|--------|--------|
| Audit fees (1)     |   |   | 329,846 |   |   | $      | 233,500 |   |
| Audit-related fees |   |   | 132,254 | (3)    |   |   | 90,118 | (2) |
| Tax fees (4)       |   |   | 45,115  |   |   |   | 12,500 |   |
| All other fees (5) |   |   | 21,000  |   |   |   | 34,125 |   |

----

----

|   | (1) | Financial Statements – The following documents are included in the 2009 Annual Report to Shareholders and are incorporated by reference in this report: |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | Financial Statement Schedules – All financial statement schedules required by Item 8 and Item 15 of Form 10-K have been omitted because the information requested is not required, not applicable, or is shown in the Consolidated Financial Statements or Notes thereto. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | Exhibits – See Exhibit Index, which is incorporated in this item by reference. |
|--------|-----|--------------------------------------------------------------------------------------|

----

|                |   | Hampton Roads Bankshares, Inc. |
|---------------------|--------|--------------------------------|
|                |   |                           |   |   |
| Date: July 12, 2010 |   | By:                            | /s/ Lorelle L. Frtisch |   |
|                |   |                           | Lorelle L. Fritsch |   |
|                |   |                           | Acting Chief Financial Officer, Senior Vice President and Chief Accounting Officer |   |

----

|   | 3.1 | Amended and Restated Articles of Incorporation of Hampton Roads Bankshares, Inc., attached as Exhibit 3.1 to the Registrant’s Current Report on Form 8-K dated December 16, 2009, incorporated herein by reference. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.2 | Bylaws of Hampton Roads Bankshares, Inc., as amended, attached as Exhibit 3.4 to the Registrant’s Current Report on Form 8-K dated September 24, 2009, incorporated herein by reference. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4.1 | Specimen of Common Stock Certificate, attached as Exhibit 4.1 to the Registrant’s Annual Report on Form10-K for the year ended December 31, 2005, incorporated herein by reference. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4.2 | Form of Certificate for the Series C Preferred Stock, incorporated by reference from the Registrant’s Form 8-K, filed January 5, 2009. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4.3 | Warrant for Purchase of Shares of Common Stock, incorporated by reference from the Registrant’s Form 8-K, filed January 5, 2009. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------|

|   | 4.4 | Letter Agreement, dated December 31, 2008, by and between Hampton Roads Bankshares, Inc. and the United States Department of the Treasury, incorporated by reference from the Registrant’s Form 8-K, filed January 5, 2009. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.1 | Supplemental Retirement Agreement, dated as of March 31, 1994, attached as Exhibit 10.5 to the Registrant’s Annual Report on Form 10-K for the year ended December 31, 1993, incorporated herein by reference. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.2 | Employment Agreement, dated as of March 28, 1988, between the Registrant and Jack W. Gibson, attached as Exhibit 7 of the Form F-1, incorporated herein by reference. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.3 | First Amendment to Employment Agreement, dated as of February 1, 1997, between the Registrant and Jack W. Gibson, attached as Exhibit 10.11 to the Registrant’s Annual Report on Form 10-KSB, incorporated herein by reference. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.4 | Third Amendment to Employment Agreement, dated as of June 24, 2003, between the Registrant and Jack W. Gibson, attached as Exhibit 10.24 to the Registrant’s Annual Report on Form 10-K for the year ended December 31, 2003, incorporated herein by reference. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.5 | Amendment No. One to the Supplemental Retirement Agreement, dated as of December 9, 2003, between the Registrant and Jack W. Gibson, attached as Exhibit 99.4 to the Registrant’s Current Report on Form 8-K dated June 27, 2006, incorporated herein by reference. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.6 | Fourth Amendment to Employment Agreement by and between Hampton Roads Bankshares, Inc. and Jack W. Gibson, dated as of May 27, 2008, attached as Exhibit 10.1 to the Registrant’s Current Report on Form 8-K dated June 2, 2008, incorporated herein by reference. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.7 | Amendment No. 2 to the Supplemental Retirement Agreement between Bank of Hampton roads and Jack W. Gibson, dated May 27, 2008, attached as Exhibit 10.4 to the Registrant’s Current Report on Form 8-K dated June 2, 2008, incorporated herein by reference. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.8 | Director Retirement Plan, dated as of November 28, 2006, attached as Exhibit 10.28 to the Registrant’s Annual Report on Form 10-K dated March 1, 2008, incorporated herein by reference. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.9 | Employment Agreement, dated as of November 1, 2007, between the Registrant and Douglas J. Glenn, attached as Exhibit 10.29 to the Registrant’s Annual Report on Form 10-K dated March 11, 2008, incorporated herein by reference. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 10.10  | First Amendment to the Employment Agreement between Hampton Roads Bankshares, Inc. and Douglas J. Glenn, dated as of May 27, 2008, attached as Exhibit 10.3 to the Registrant’s Current Report on Form 8-K dated June 2, 2008, incorporated herein by reference. |
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| 10.11 | Supplemental Retirement Agreement between BOHR and Douglas J. Glenn, dated May 27, 2008, attached as Exhibit 10.5 to the Registrant’s Current Report on Form 8-K dated June 2, 2008, incorporated herein by reference. |
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| 10.12 | Credit Agreement between Compass Bank and Hampton Roads Bankshares, Inc., dated May 29, 2008, attached as Exhibit 10.6 to the Registrant’s Current Report on Form 8-K dated June 2, 2008, incorporated herein by reference. |
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| 10.13 | Pledge Agreement between Compass Bank and Hampton Roads Bankshares, Inc., dated May 29, 2008, attached as Exhibit 10.7 to the Registrant’s Current Report on Form 8-K dated June 2, 2008, incorporated herein by reference. |
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| 10.14 | Employment Agreement, dated as of August 28, 2006, between Hampton Roads Bankshares, Inc. and Lorelle L. Fritsch, attached as Exhibit 10.35 to the Registrant’s Annual Report on Form 10-K for the year ended December 31, 2008, incorporated herein by reference. |
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| 10.15 | First Amendment to the Employment Agreement between Hampton Roads Bankshares, Inc. and Lorelle L. Fritsch, dated as of July 23, 2008, attached as Exhibit 10.36 to the Registrant’s Annual Report on Form 10-K for the year ended December 31, 2008, incorporated herein by reference. |
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| 10.16 | BOHR Supplemental Executive Retirement Plan, dated as of January 1, 2005, attached as Exhibit 99.5 to the Registrant’s Current Report on Form 8-K dated June 27, 2006, incorporated herein by reference. |
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| 10.17 | First Amendment to BOHR Supplemental Executive Retirement Plan, dated as of December 30, 2008, attached as Exhibit 10.38 to the Registrant’s Annual Report on form 10-K for the year ended December 31, 2008, incorporated herein by reference. |
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| 10.18 | Second Amendment to BOHR Supplemental Executive Retirement Plan, dated as of December 30, 2008, attached as Exhibit 10.39 to the Registrant’s Annual Report on form 10-K for the year ended December 31, 2008, incorporated herein by reference. |
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| 10.19 | Hampton Roads Bankshares, Inc. 2008 Director Deferred Compensation Plan dated as of January 1, 2008, attached as Exhibit 10.40 to the Registrant’s Annual Report on form 10-K for the year ended December 31, 2008, incorporated herein by reference. |
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| 10.20 | Amended and Restated Hampton Roads Bankshares, Inc. Directors’ Deferred Compensation Plan attached, as Exhibit 10.41 to the Registrant’s Annual Report on form 10-K for the year ended December 31, 2008, incorporated herein by reference. |
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| 10.21 | Hampton Roads Bankshares, Inc. Executive Savings Plan, dated as of July 23, 2006, attached as Exhibit 4 to the Registrant’s Registration Statement on Form S-8 (Registration No. 333-139968) dated January 12, 2007, incorporated herein by reference. |
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| 10.22 | First Amendment to Hampton Roads Bankshares, Inc. Executive Savings Plan, dated as of December 30, 2008, attached as Exhibit 10.43 to the Registrant’s Annual Report on form 10-K for the year ended December 31, 2008, incorporated herein by reference. |
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| 10.23 | Second Amendment to Hampton Roads Bankshares, Inc. Executive Savings Plan, dated as of December 30, 2008, attached as Exhibit 10.44 to the Registrant’s Annual Report on form 10-K for the year ended December 31, 2008, incorporated herein by reference. |
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| 10.24 | Hampton Roads Bankshares, Inc. Executive Savings Plan Trust, dated as of July 23, 2006, attached as Exhibit 10.45 to the Registrant’s Annual Report on form 10-K for the year ended December 31, 2008, incorporated herein by reference. |
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| 10.25  | Hampton Roads Bankshares, Inc. 2006 Stock Incentive Plan, dated as of March 14, 2006, attached as Exhibit 10.1 to the Registrant’s Registration Statement on Form S-8 (Registration No. 333-134583) dated May 31, 2006, incorporated herein by reference. |
|-------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.26 | First Amendment to Hampton Roads Bankshares, Inc. 2006 Stock Incentive Plan, dated as of December 26, 2008 (already filed). |
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| 10.27 | Non-Qualified Limited Stock Option Plan for Directors and Employees, dated March 31, 1994, attached as Exhibit 10.6 to the Registrant’s Annual Report on Form 10-K for the year ended December 31, 1994, incorporated herein by reference. |
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| 10.28 | Dividend Reinvestment and Optional Cash Purchase Plan Prospectus, dated as of March 14, 2002, attached as Exhibit 99.1 to the Registrant’s Registration Statement on Form S-3 dated March 14, 2002, incorporated herein by reference. |
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| 10.29 | Amended and Restated Dividend Reinvestment and Optional Cash Purchase Plan Prospectus, dated as of July 23, 2008, included in Registrant’s Prospectus on Form 424B3 filed August 15, 2008, incorporated herein by reference. |
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| 10.30 | Supplement No. 1 to Amended and Restated Dividend Reinvestment and Optional Cash Purchase Plan Prospectus, dated as of January 27, 2009, included in Registrant’s Prospectus on Form 424B3 filed March 4, 2009, incorporated herein by reference. |
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| 10.31 | Gateway Financial Holdings, Inc. 2005 Omnibus Stock Ownership and Long-Term Incentive Plan, attached as Exhibit 4.2 to Gateway Financial Holdings, Inc.’s Registration Statement on Form S-8 (Registration No. 333-127978) dated August 31, 2005, incorporated herein by reference. |
|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.32 | Gateway Financial Holdings, Inc. 2001 Nonstatutory Stock Option Plan, attached as Exhibit 4.2 to Gateway Financial Holdings, Inc.’s Registration Statement on Form S-8 (Registration No. 333-98021) dated August 13, 2002, incorporated herein by reference. |
|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.33 | Gateway Financial Holdings, Inc. 1999 Incentive Stock Option Plan, attached as Exhibit 4.2 to Gateway Financial Holdings, Inc.’s Registration Statement on Form S-8 (Registration No. 333-98025) dated August 13, 2002, incorporated herein by reference. |
|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.34 | Gateway Financial Holdings, Inc. 1999 Nonstatutory Stock Option Plan, attached as Exhibit 4.2 to Gateway Financial Holdings, Inc.’s Registration Statement on Form S-8 (Registration No. 333-98027) dated August 13, 2002, incorporated herein by reference. |
|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.35 | Gateway Financial Holdings, Inc. 1999 BOR Stock Option Plan, attached as Exhibit 4.2 to Gateway Financial Holdings, Inc.’s Registration Statement on Form S-8 (Registration No. 333-144841) dated July 25, 2007, incorporated herein by reference. |
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| 10.36 | Shore Financial Corporation 2001 Stock Incentive Plan, attached as Exhibit 99 to Shore Financial Corporation’s Registration Statement on Form S-8 (Registration No. 333-82838) dated February 15, 2002, incorporated herein by reference. |
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| 10.37 | Shore Savings Bank, F.S.B. 1992 Stock Option Plan dated November 10, 1992, attached as Exhibit 10 to Shore Financial Corporation’s Registration Statement on Form S-4EF dated September 15, 1997, incorporated herein by reference. |
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| 10.38 | Employment Agreement between Hampton Roads Bankshares, Inc. and David Twiddy, attached as Exhibit 10.4 to the Registrant’s Current Report on Form 8-K, dated January 7, 2009, incorporated herein by reference. |
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| 10.39 | Employment Agreement between Hampton Roads Bankshares, Inc. and John A. B. Davies, Jr., attached as Exhibit 10.1 to the Registrant’s Current Report on Form 8-K, dated July 30, 2009, incorporated herein by reference. |
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| 13.1  | Excerpts from the Annual Report for the year ended December 31, 2009, except to the extent incorporated by reference, were furnished in the Company’s Form 10-K filed on April 23, 2010 for informational purposes only and are not deemed to be filed as part of the Report on Form 10-K. |
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| 14.1 | The Company has a Code of Ethics for its senior financial officers and the Chief Executive Officer.  Any waivers of, or amendments to, the Code of Ethics will be disclosed through the timely filing of a Form 8-K with the Securities and Exchange Commission.  A copy of the Company’s Code of Ethics can be obtained through written communications addressed to John A.B. Davies, Jr. President and Chief Executive Officer, Hampton Roads Bankshares, Inc., 999 Waterside Drive, Suite 200, Norfolk, VA 23510. |
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| 21.1 | A list of the subsidiaries of Hampton Roads Bankshares, Inc., filed herewith. |
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| 23.1  | Consent of Yount, Hyde, and Barbour, P.C. (already filed). |
|------------|------------------------------------------------------------|

| 31.1 | The Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer, filed herewith. |
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| 31.2 | The Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer, filed herewith. |
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| 32.1 | Statement of Chief Executive Officer and Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, filed herewith. |
|------|----------------------------------------------------------------------------------------------------------------------|

| 99.1 | TARP Certification of Chief Executive Officer (already filed). |
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| 99.2 | TARP Certification of Chief Financial Officer (already filed). |
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