StellarOne Corporation Declares Cash Dividend

• Press Release
• Source: StellarOne Corporation
• On 2:00 pm EST, Tuesday February 3, 2009

CHARLOTTESVILLE, Va., Feb. 3, 2009 (GLOBE NEWSWIRE) -- StellarOne Corporation (NasdaqGS:STEL - News) (StellarOne), announced today that its Board of Directors approved a quarterly cash dividend in the amount of $0.16 per share payable on February 27, 2009 to shareholders of record on February 9, 2009. The payment represents an annual yield to shareholders of approximately 4.7% based on StellarOne stock's recent trading price.

About StellarOne

StellarOne Corporation is a traditional community bank, offering a full range of business and consumer banking services, including trust and wealth management services. Through the activities of its sole affiliate, StellarOne Bank, StellarOne operates 62 full-service financial centers, one loan production office, and over 80 ATMs serving the New River Valley, Roanoke Valley, Shenandoah Valley, and Central and North Central Virginia.

          Jeffrey W. Farrar, Executive Vice President and Chief 
          Financial Officer of StellarOne Corporation
          (434) 964-2217
          JFarrar@StellarOne.com