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StellarOne Corporation Declares Cash Dividend

CHARLOTTESVILLE, Va., Nov 3, 2009 (GlobeNewswire via COMTEX) -- By Staff

Company: StellarOne Corp (STEL)

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.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: StellarOne Corporation 

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

Copyright (C) 2009 GlobeNewswire. All rights reserved

News Provided by COMTEX

Company: StellarOne Corp (STEL)


Related terms: bank, banking, business, community, consumer, dividend, nasdaq, virginia

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