updated 11/3/2010 6:16:27 PM ET 2010-11-03T22:16:27

CHARLOTTESVILLE, Va., Nov. 3, 2010 (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 26, 2010 to shareholders of record on November 8, 2010. The payment represents an annual yield to shareholders of approximately 1.2% based on the closing price of StellarOne stock on November 3, 2010.

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. Its sole banking subsidiary, StellarOne Bank, operates 56 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.

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