DEFIANCE, Ohio, Sept. 17, 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 entered into an agreement with Port Austin State Bank, based in Port Austin, Michigan. Under the agreement, RDSI will become the technology partner of the Bank supplying data and item processing services.
Port Austin State Bank selected RDSI as its technology partner in part because of RDSI's reputation in the marketplace, emphasis on personalized service, and its secure operating environment. "RDSI is known to be an industry leader in the banking technology market committed to customer service and staffed by experienced and knowledgeable staff. We look forward to an easy transition to RDSI," stated Steve Schmidt, President and CEO of Port Austin State Bank.
"We are pleased to be working with Steve and the professional staff he has assembled at Port Austin State Bank, and we are committed to being a vital, contributing technology partner in supporting their success," commented Hank Thiemann, President of RDSI.
Kenneth A. Joyce, President and CEO of Rurban, stated, "We welcome Port Austin State Bank to our data and item processing family. We are excited to work with Steve and his staff as they make the transition to RDSI for data and item processing services. Our growing customer base reflects our commitment to a secure operating environment, sound technology, and a high level of personal service."
RDSI will provide core data and item processing services including state-of-the-art internet banking services and RDSI's Back Counter Capture services.
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