NEWS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Jeffrey W. Farrar
Executive Vice President and CFO
(434) 964-2217
JFarrar@StellarOne.com
STELLARONE CORPORATION
DECLARES CASH DIVIDEND
Charlottesville, VA, November 3, 2010 - 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.