Profile: StellarOne Corporation (STEL.O)

StellarOne Corporation is a bank holding company. The Company’s banking subsidiary is StellarOne Bank. StellarOne Bank is community-oriented and offers services, including individual and commercial demand and time deposit accounts, commercial and consumer loans, residential mortgages, credit card services, and deposit services. In addition, the Company’s subsidiary bank offers Internet banking access for banking services, and online bill payment for both consumers and commercial customers. On May 27, 2008, the Company collapsed all of its previous subsidiaries into StellarOne Bank. The previous subsidiaries included First National Bank, Second Bank & Trust, Planters Bank & Trust Company of Virginia and its subsidiary, Planters Insurance Agency, Inc., and Virginia Commonwealth Trust Company.

The Company, through its member bank, provides a range of banking services through 61 retail offices in Central and Southwest Virginia. The Company also provides a network of automated transaction locations, phone banking and a transactional Internet banking product. Lending is focused on individuals and small and middle-market businesses in the local market of the Company’s subsidiary bank. StellarOne Bank through its trust division provides a range of wealth management and personal trust services, including estate administration, employee benefit plan administration and planning addressing the investment and financial management needs of its customers.