updated 1/26/2011 4:16:10 PM ET 2011-01-26T21:16:10

CHARLOTTESVILLE, Va., Jan. 26, 2011 (GLOBE NEWSWIRE) -- StellarOne Corporation (Nasdaq:STEL) (StellarOne) today announced that Robert "Bobby" Fauntleroy, CFA, will be joining StellarOne's Wealth Management Division effective February 1, 2011. As Senior Portfolio Manager, he will manage wealth management client assets in Culpeper, Charlottesville, Fredericksburg, Harrisonburg, and Richmond. Mr. Fauntleroy's office will be in StellarOne Bank's Richmond office located at 3900 Westerre Parkway. 

Mr. Fauntleroy joins StellarOne from Union First Market Bank where he served as Senior Vice President and Chief Investment Officer of the Financial Guidance Group. He began his investment career as a Financial Analyst with Westvaco Corporation in 1988. He worked as a Financial Consultant with Smith Barney and a Senior Portfolio Manager for Wachovia Bank prior to joining First Market Bank in 2001. 

StellarOne's wealth management division has six regional offices including Richmond, Fredericksburg, Culpeper, Staunton, Harrisonburg, and Christiansburg. The division has approximately $700 million in assets under management.

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. StellarOne's sole banking affiliate, 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.

CONTACT: Jeffrey W. Farrar, Executive Vice President and
         CFO of StellarOne Corporation
         (434) 964-2217
         jfarrar@stellarone.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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