Rurban Announces Agreement Between RDSI and Waterford Bank, N.A.


DEFIANCE, Ohio, Sept. 10, 2007 (PRIME NEWSWIRE) -- Rurban Financial Corp. (Nasdaq:RBNF), a leading provider of full-service community banking, investment management, trust services and bank data and item processing, today announced its technology subsidiary, RDSI, has signed a data processing contract with Waterford Bank, N.A. Waterford Bank, N.A., based in Sylvania Township, Ohio, commenced operations on August 29, 2007.

Mike White, President and COO of Waterford Bank, N.A. stated, "As a De Novo bank, we were looking for an industry leader to assist us in ensuring a successful bank opening and to create a long-term partnership. RDSI met those requirements with their proven track record in the financial sector. We are pleased with our decision and have found RDSI to be a great choice."

"RDSI has extensive experience working with De Novo banks and we are particularly sensitive to the required level of support, from the early planning period through opening their doors, and to meeting their needs as they grow," commented Hank Thiemann, President of RDSI.

Kenneth A. Joyce, President and CEO of Rurban stated, "We are committed to being an active technology partner and supporting the success of Waterford Bank, N.A. We recognize the faith that Mike and his staff have placed in us, and we are committed to a successful relationship."

RDSI will provide all core ITI data and item processing services along with E-Com, E-Corp and Front and Back Counter applications.

About Rurban Financial Corp.

Rurban Financial Corp. is a publicly-held financial services holding company based in Defiance, Ohio. Rurban's wholly-owned subsidiaries are The State Bank and Trust Company, including Reliance Financial Services, Rurbanc Data Services, Inc. (RDSI), and DCM. The community bank offers financial services through its 18 branches in Allen, Defiance, Fulton, Lucas, Paulding and Wood Counties, Ohio and Allen County, Indiana. Reliance Financial Services offers a diversified array of trust and financial services to customers throughout the Midwest. RDSI and DCM provide data and item processing services to community banks in Arkansas, Florida, Illinois, Indiana, Michigan, Missouri, Ohio and Wisconsin. Rurban's common stock is quoted on the Nasdaq Global Market under the symbol RBNF. The Company currently has 10,000,000 shares of stock authorized and 4,999,433 shares outstanding. The Company's website is http://www.rurbanfinancial.net



            

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