Hampton Roads Bankshares withdraws proposed public stock offering

Hampton Roads Bankshares withdraws stock offering

NORFOLK, Va. — Bank holding company Hampton Roads Bankshares Inc. on Wednesday withdrew a proposed public stock offering.

The holding company for Bank of Hampton Roads and Shore Bank offered no immediate explanation for withdrawing the proposed offering of up to 32.5 million shares of its common stock announced earlier this month.

Shares of the Norfolk, Va.-based company rose 9 cents, or 2 percent, to $4.39.