DEFIANCE, Ohio, March 19, 2010 (GLOBE 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 that Somerville National Bank of Somerville, Ohio, has selected the Single Source™ core banking application offered exclusively through RDSI Banking Systems.
Paul E. Taylor, President of Somerville National Bank, stated, "The contract with RDSI Banking Systems made the best business sense for us as we examined our options. The Single Source™ application, which offers real-time capability, will provide our bank the necessary tools to stay current in the banking industry and provide us the options to extend superior products and services to our customers."
Kenneth A. Joyce, President and Chief Executive Officer of RDSI, stated, "Our commitment in helping our client banks succeed is foremost in RDSI's culture. We pride ourselves on delivering personalized service that allows our customers to offer the best of breed products and services. RDSI is looking forward to continuing a relationship with Somerville Bank."
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 and RDSI Banking Systems (RDSI), including DCM. The State Bank and Trust Company offers financial services through its 19 banking centers in Allen, Defiance, Fulton, Lucas, Paulding, Williams and Wood Counties, Ohio and Allen County, Indiana and a Loan Production Office in Franklin County, Ohio. Reliance Financial Services, a division of the Bank, 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, Illinois, Indiana, Michigan, Missouri, Nebraska, Nevada, 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 4,861,779 shares outstanding. The Company's website is http://www.rurbanfinancial.net.