DEFIANCE, Ohio, Aug. 11, 2008 (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 the State Bank of Bartley, based in Bartley, Nebraska, to be its data processing partner.
Hank Thiemann, President of RDSI, stated, "We are encouraged by RDSI's growth in the Nebraska market and by becoming the provider of choice for the State Bank of Bartley, which helps to reinforce our presence in this state. We look forward to working as a partner with the Bank to grow their business."
"We are committed to being an active technology partner in the support of State Bank of Bartley's success," stated Kenneth A. Joyce, President and CEO of Rurban Financial Corp. "We welcome them aboard and look forward to providing excellent, state of the art service." RDSI is an industry leader in bank data and item processing and has technical tools and expertise to bring the Bank's services to a higher level.
RDSI will provide core data processing services and support banking products to aid in differentiating State Bank of Bartley in their market place. State Bank of Bartley's Item Processing will be processed through RDSI's Nebraska partner, The Cattle National Bank and Trust Company, based in Seward, Nebraska, including back counter electronic capture of items. RDSI formed a partnership with The Cattle National Bank and Trust Company in October 2007. Through this partnership, RDSI has expanded services into the Nebraska market, aiding brand recognition for the continued growth of RDSI.
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), including DCM. The State Bank and Trust Company offers financial services through its 17 branches in Allen, Defiance, Franklin, Fulton, Lucas, Paulding and Wood Counties, Ohio and Allen County, Indiana. 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, Florida, 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 4,913,933 shares outstanding. The Company's website is http://www.rurbanfinancial.net.