StellarOne Corporation Declares Cash Dividend

• Press Release
• Source: StellarOne Corporation
• On 4:45 pm EDT, Wednesday July 29, 2009

CHARLOTTESVILLE, Va., July 29, 2009 (GLOBE NEWSWIRE) -- StellarOne Corporation (Nasdaq:STEL - News; StellarOne), announced today that its Board of Directors approved a quarterly cash dividend in the amount of $0.04 per share payable on August 28, 2009 to shareholders of record on August 10, 2009. The payment represents an annual yield to shareholders of approximately 1.1% based on the closing price of StellarOne stock on July 28, 2009.

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 subsidiary, StellarOne Bank, StellarOne operates 59 full-service financial centers, one loan production office, and 66 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