StellarOne Corporation Announces Earnings Call

CHARLOTTESVILLE, Va., Oct. 23, 2008 (GLOBE NEWSWIRE) -- StellarOne Corporation
(Nasdaq:STEL) today announced that it will release its third quarter 2008
results on Wednesday, October 29, 2008, before the market opens. StellarOne
Corporation's management will also host a webcast and conference call in
connection with its earnings announcement, at 11:00 a.m. ET, to discuss results
and answer questions.

Date: October 29, 2008
Time: 11:00 a.m. ET

Listen via Internet:

Schedule this webcast into MS-Outlook calendar (click open when
prompted):
http://apps.shareholder.com/PNWOutlook/t.aspx?m=33965&k=56BA52CC

Toll-free: (888) 203-7337
To access a link to the webcast, visit www.StellarOne.com and click on Investor
Relations. To participate in the conference call, dial toll free (888) 203-7337
(no pass code required) approximately 5-10 minutes before the beginning of the
call. If you are unable to participate at that time, a digital replay of the
call will be available from 2:00 p.m. ET on Wednesday, October 29, 2008 through
12:00 a.m. ET on Wednesday, November 5, 2008, by dialing toll free (888)
203-1112 and using pass code #3700347.

About StellarOne Corporation

StellarOne Corporation is a traditional community banking provider, offering a
full range of business and consumer banking services, including trust and asset
management services. Through the activities of its affiliate, StellarOne Bank,
the Company operates 63 full-service branches, 1 loan production office, and
over 80 ATMs serving the New River Valley, Roanoke Valley, Shenandoah Valley,
and Central and North Central Virginia.

STEL08

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