Hampton Roads Bankshares Inc.
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Hampton Roads Bankshares Inc. - overview
Established
2001
Location
Norfolk, VA, US
Primary Industry
Financial Services
About
Hampton Roads Bankshares Inc. is a financial institution providing banking services to individuals and businesses, focusing on personalized customer service and innovative financial solutions. Hampton Roads Bankshares Inc. operates as a bank headquartered in Norfolk, US, providing banking services.
The company was founded in 2001 and has undergone two deals, with the most recent deal occurring on June 28, 2012. This transaction involved a PIPE funding round where Anchorage Capital Advisors, CapGen Financial, and Carlyle Group invested USD 50 mn. The company has not reported any significant changes in business strategy or operations since its inception. Hampton Roads Bankshares Inc.
delivers a variety of banking services, including personal banking, business accounts, loans, and investment services. These offerings aim to meet the financial needs of both individual customers and businesses, promoting financial well-being and growth. In 2016, Hampton Roads Bankshares Inc. reported revenue of USD 87.
99 mn. The EBITDA for the same year was USD -0. 852 mn, reflecting operational performance. The funding from the most recent deal in June 2012, which amounted to USD 50 mn, is expected to support the expansion of Hampton Roads Bankshares Inc.
's product offerings and market reach. Plans include the development of new banking products aimed at enhancing service delivery and customer satisfaction. Additionally, the company intends to explore opportunities in underserved geographic markets within the US to increase its customer base and market presence.
Primary Industry
Financial Services
Sub Industries
Financial Services
Website
www.bankofhamptonroads.com
Verticals
FinTech
Company Stage
PIPE
Total Amount Raised
Subscriber access only
Hampton Roads Bankshares Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PIPE | Completed | Hampton Roads Bankshares Inc. | - | ||||||||
| PIPE | Completed | Hampton Roads Bankshares Inc. | - |
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