Eastern Virginia Bankshares, Inc. (NASDAQ: EVBS), the one bank holding company of EVB, announced today that it will be relocating its Corporate Headquarters to 10900 Nuckols Road, Glen Allen, VA in early fall 2016.

"Our new corporate headquarters, located in the Innsbrook business park, will allow us to integrate corporate departments from other locations throughout our footprint" said Joe A. Shearin, President and Chief Executive Officer. "Currently, key members of our Executive Leadership Team, as well as other corporate departments, are remotely located in various locations. This relocation will allow us to integrate key corporate departments in one location which we believe will increase collaboration and productivity, while gaining operating efficiencies throughout the Company. Our new headquarters will also provide us the space and flexibility needed to continue to grow and reach new customers."

The main office of the Company's bank subsidiary, EVB, will remain in Tappahannock, Virginia and continue the Bank's heritage that began in 1910 of serving the Northern Neck and Middle Peninsula markets. Our customers will continue to be served by EVB's local branches and relationship managers that they know and trust.

Eastern Virginia Bankshares, Inc. is a one bank holding company with total assets of $1.3 billion at March 31, 2016. Through its wholly-owned bank subsidiary, EVB, the Company operates twenty-four full service branches, two drive-in facilities and one loan production office located in the following cities and counties in easternVirginia: Chesterfield, Colonial Heights, Essex, Gloucester, Hampton, Hanover, Henrico, King William,Lancaster, Middlesex, Newport News, New Kent, Northumberland, Southampton, Surry, Sussex andWilliamsburg. EVB's range of financial services includes traditional banking services along with investments, mortgages, and insurance.

EVB traces its history to the combination of its three predecessor banks in 2006 – Southside Bank and Bank ofNorthumberland, Inc., both established in 1910, and Hanover Bank, established in 2000. Today, EVB is a community bank targeting small to medium-sized businesses and consumers. EVB is a state leader in SBA lending and is the only bank in the Commonwealth of Virginia offering a fully integrated program called P.O.W.E.R. that focuses on women entrepreneurs and women in business.

For more information about EVB, please visit www.bankevb.com. The Company's stock trades on the NASDAQ Global Select Market under the symbol EVBS. Member FDIC. Equal Housing Lender.