DEFIANCE, Ohio, July 1, 2009 (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 its technology subsidiary, RDSI Banking Systems, has entered into a contract with Twin Valley Bank of Alexandria, Ohio, to provide data processing services.
"Twin Valley Bank has supplemented its technology package by partnering with RDSI to be the data processor for the bank," stated Patricia Nelson, President and CEO of Twin Valley Bank. "We have been using DCM as our item processor for three years and this only makes sense to round out the package by using RDSI's data processing service. RDSI's industry reputation of providing excellent customer service, their commitment to being a secure provider, and having a strong commitment to providing current, but sound technology made it a simple choice."
"We are very proud that banks in the industry recognize RDSI's technological expertise as being the best overall value, while being comfortable in choosing us, not only for item processing, but for data processing as well," stated Hank Thiemann, President of RDSI. "The dedication and commitment that we extend to our clients is reiterated in our Value Proposition of being a 'technology leader, secure provider and trusted advisor providing the best overall value and outstanding service to the financial community.' We are looking forward to a long standing relationship with Twin Valley Bank."
Kenneth A. Joyce, President and Chief Executive Officer of Rurban Financial Corp., commented, "As an industry leader, RDSI has positioned themselves as being a full package provider of item and data processing. The addition of Twin Valley Bank cements this testimony that RDSI builds relationships in a family-like environment of trust and commitment to their clients."
Twin Valley Bank converted their data processing services to RDSI Banking Systems in May 2009.
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 20 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, Florida, Illinois, Indiana, Kansas, 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 4,863,979 shares outstanding. The Company's website is http://www.rurbanfinancial.net.
Forward-Looking Statements
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