8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 27, 2008

StellarOne Corporation

(Exact name of registrant as specified in its charter)

VIRGINIA	000-22283	54-1829288
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

590 Peter Jefferson Parkway, Suite 250

Charlottesville, Virginia 22911

(Address of principal offices, including zip code)

(540) 829-1633

(Registrant’s telephone number, including area code)

n/a

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events.

On May 27, 2008, StellarOne Corporation announced that its First National Bank, Planters Bank and Trust Company of Virginia and Virginia Commonwealth Trust Company affiliates merged with and into Second Bank & Trust, with the combined bank renamed StellarOne Bank, operating as StellarOne, and based in Christiansburg, Virginia. A copy of the press release is attached hereto as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.	Description
99.1	Press Release dated May 27, 2008.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

STELLARONE CORPORATION
By:	/s/ Jeffrey W. Farrar
	Jeffrey W. Farrar
	Executive Vice President and Chief Financial Officer

Date: May 28, 2008

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release dated May 27, 2008.

EX-99.1

Exhibit 99.1

For more information contact:

Jeffrey W. Farrar

Executive Vice President and Chief Financial Officer

(434) 964-2217

STELLARONE CORPORATION ANNOUNCES COMPLETION OF SUBSIDIARY

BANK MERGER AND FORMATION OF STELLARONE BANK

Charlottesville, Virginia, May 27, 2008 – StellarOne Corporation (NASDAQ: STEL) today announced it has completed the merger of its banking and trust subsidiaries including First National Bank, Planters Bank and Trust Company of Virginia and Virginia Commonwealth Trust Company with and into Second Bank & Trust, with the combined bank renamed StellarOne Bank, operating as StellarOne, and based in Christiansburg, Virginia. StellarOne customers will now be able to conduct their banking business at 64 full-service branches and over 80 ATMs located in contiguous markets stretching from the New River Valley, Roanoke Valley, and Shenandoah Valley and into Central Virginia.

“We are extremely gratified by the patience and support of our shareholders, customers, and employees during this period of transition,” commented O. R Barham, Jr., President and Chief Executive Officer of StellarOne Corporation.

“We are confident that our combined bank, with its dedicated personnel and product enhancements, will reflect our increased focus on the highest standard of excellence, partnership, and service which we will offer in the communities we serve,” commented Gregory W. Feldmann, President and Chief Executive Officer of StellarOne Bank.

Raymond D. Smoot, Jr. Ph.D. will serve as Chairman of StellarOne Bank. Mr. H.C. Stuart Cochran, Mrs. Jennie T. Allman, Mr. John J. “Butch” Davies, Mr. James S. Day, Jr., Mr. Michael M. Kessler, Mr. Alan Myers, Mr. Greg C. Raetz, Mr. Joe Sheffey, Mr. Joe J. Thompson, and Mr. Keith L. Wampler will also serve as independent directors of StellarOne Bank.

About StellarOne

StellarOne Corporation is the largest community bank based in the Commonwealth of Virginia, offering a full range of business and consumer banking services, including trust and asset management services. StellarOne operates 64 full-service branches, 4 loan production offices, and over 80 ATMs serving the New River Valley, Roanoke Valley, Shenandoah Valley, and Central and North Central Virginia.

Forward-Looking Statements

In addition to historical information, this press release contains forward-looking statements. The forward-looking statements are subject to certain risks and uncertainties, which could cause actual results to differ materially from historical results, or those anticipated. When we use words such as “believes”, “expects”, “anticipates” or similar expressions, we are making forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management’s analysis only as of the date thereof. StellarOne wishes to caution the reader that factors, such as those listed below, in some cases have affected and could affect StellarOne’s actual results, causing actual results to differ materially from those in any forward looking statement. These factors include: (i) expected cost savings from StellarOne’s acquisitions and dispositions, (ii) competitive pressure in the banking industry or in StellarOne’s markets may increase significantly, (iii) changes in the interest rate environment may reduce margins, (iv) general economic conditions, either nationally or regionally, may be less favorable than expected, resulting in, among other things, credit quality deterioration, (v) changes may occur in banking legislation and regulation (vi) changes may occur in general business conditions and (vii) changes may occur in the securities markets. Please refer to StellarOne’s filings with the Securities and Exchange Commission for additional information, which may be accessed at www.StellarOne.com.