StellarOne Corporation Declares Cash Dividend

CHARLOTTESVILLE, Va., Nov. 3, 2009 (GLOBE NEWSWIRE) -- StellarOne Corporation (Nasdaq:STEL) (StellarOne), announced today that its Board of Directors approved a quarterly cash dividend in the amount of $0.04 per share payable on November 27, 2009 to shareholders of record on November 13, 2009. The payment represents an annual yield to shareholders of approximately 1.5% based on the closing price of StellarOne stock on November 3, 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 58 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.

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