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Violation Tracker Individual Record

Company: Hampton Roads Bankshares
Current Parent Company: Atlantic 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.