DEFIANCE, Ohio, Oct. 25, 2011 (GLOBE NEWSWIRE) -- Rurban Financial Corp. (Nasdaq:RBNF), ("Rurban" or "Company"), a diversified financial services company providing full-service community banking, wealth management, and data/item processing services, announced today that the Board of Directors, upon the recommendation of the Governance and Nominating Committee, has elected Lynn "Zac" Isaac to serve as a Director on the Board of Directors of Rurban and The State Bank and Trust Company. Mr. Isaac will also serve as a member of the Governance Committee and Executive Loan Committee. Mr. Isaac's term as a Director will expire at the annual meeting of shareholders in 2013.
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Mr. Isaac brings to Rurban over 30 years experience in real estate development and management, general law and accounting, having held executive level lending and general counsel positions for prior banking institutions. He currently holds the title of Executive Vice President of Isaac Property Company, where he is active in the development of commercial real estate and management projects throughout Northwest Ohio. He is an experienced attorney, having practiced general corporate law at a firm in Cincinnati, and has provided general counsel and management assistance in commercial loans and property asset restructuring for financial institutions in Texas. He holds a J.D. from Ohio Northern University Law School and was a member of the Law Review and an A.B. degree in Accounting and Economics from Duke University.
Mr. Isaac is a very active member of his community and various organizations. He is a member of the Toledo and Ohio State Bar Associations, is currently serving as Chairman of the Board of Directors for the Toledo Zoo, is a member of the board of AAA Northwest Ohio and the Village of Ottawa Hills Zoning Commission, is Chairman of the Building Committee for Epworth United Methodist Church and was a past chairman of its Finance Committee; he has also been a past chairman of The Defiance College, and Junior Achievement of Northwest Ohio.
Mr. Isaac resides in Toledo with his wife and children and has an interest in outdoor activities.
Mark A. Klein, President and CEO of Rurban Financial Corp., stated, "I have known Lynn 'Zac' Isaac, and the Isaac family, for my entire banking career. Our professional relationship has spanned several decades, and during this time, I have developed great admiration for the accomplishments achieved by Zac and his family in the real estate development and management arenas. His financial and legal background, and in particular, his business acumen, make him a perfect fit for our bank and holding company boards. Zac is a long-time resident of Toledo; I'm certain he will be invaluable in the development of our Toledo Region advisory board as we gain traction in that Northwest Ohio region. I am extremely pleased to have a community leader of this caliber joining our team."
About Rurban Financial Corp.
Based in Defiance, Ohio, Rurban Financial Corp. is a financial services holding company with two wholly-owned subsidiaries: The State Bank and Trust Company (State Bank) and RDSI Banking Systems (RDSI). State Bank operates through 18 banking centers in seven Northwestern Ohio counties, one center in Fort Wayne, Indiana; and loan production offices in Columbus, Ohio and Angola, Indiana. The Bank offers a full-range of financial services for consumers and small businesses, including trust services, mortgage banking, commercial and agricultural lending. RDSI provides item processing services to community banks located in the Midwest. Rurban's common stock is listed on the NASDAQ Global Market under the symbol RBNF.
Forward-Looking Statements
Certain statements within this document, which are not statements of historical fact, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties and actual results may differ materially from those predicted by the forward-looking statements. These risks and uncertainties include, but are not limited to, risks and uncertainties inherent in the national and regional banking, insurance and mortgage industries, competitive factors specific to markets in which Rurban and its subsidiaries operate, future interest rate levels, legislative and regulatory actions, capital market conditions, general economic conditions, geopolitical events, the loss of key personnel and other factors.
Forward-looking statements speak only as of the date on which they are made, and Rurban undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made except as required by law. All subsequent written and oral forward-looking statements attributable to Rurban or any person acting on our behalf are qualified by these cautionary statements.
