Item 8.01. Other Events

On September 28, 2009, StellarOne Corporation issued a press release announcing that its subsidiary, StellarOne Bank, signed a purchase and assumption agreement to sell a financial service center located in Farmville, Virginia to The Farmers Bank of Appomattox, with principal offices located in Appomattox, Virginia.

The branch sale, which is subject to regulatory approval, includes all deposit accounts, fixed assets, and real estate. Branch deposits amount to approximately $14.5 million. The proposed transaction is expected to close in the fourth quarter of 2009.