Oct 9 (Reuters) - StellarOne Corp:
* Announces loan loss provisioning for third quarter
* Says expects to record a third quarter provision for loan losses of
approximately $20 million
* Says aggressively taken charge-offs this quarter as it moves closer to
liquidation of certain problem assets
* Says net charge-offs of $13.9 million are expected to be recorded during the
third quarter of 2009
* Says Q3 nonperforming assets are expected to reduce to $67.7 million
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
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* Announces loan loss provisioning for third quarter
* Says expects to record a third quarter provision for loan losses of
approximately $20 million
* Says aggressively taken charge-offs this quarter as it moves closer to
liquidation of certain problem assets
* Says net charge-offs of $13.9 million are expected to be recorded during the
third quarter of 2009
* Says Q3 nonperforming assets are expected to reduce to $67.7 million
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.