Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Hampton Roads Bankshares
Current Parent CompanyAtlantic Union Bankshares
Parent at the Time of the Penalty Announcement subscribe to see this data field
Recap of Ownership Changes subscribe to see this data field
Penalty: $200,000
Year: 2014
Date: December 5, 2014
Offense Group: financial offenses
Primary Offense: accounting fraud or deficiencies
Violation Description: A Virginia Beach-based bank holding company agreed to settle allegations of violating the federal securities laws by improperly accounting for a deferred tax asset that was not fully realizable due to the company's deteriorating loan portfolio and financial condition.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
Facility State: Virginia
Facility City: Virginia Beach
HQ Country of Current Parent: USA
HQ State of Current Parent: Virginia
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data(click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.