updated 1/27/2011 9:16:48 AM ET 2011-01-27T14:16:48

CHARLOTTESVILLE, Va., Jan. 27, 2011 (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 February 25, 2011 to shareholders of record on February 7, 2011. The payment represents an annual yield to shareholders of approximately 1.1% based on the closing price of StellarOne stock on January 26, 2011.

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.

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

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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