DEFIANCE, Ohio, March 30, 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 Edon State Bank, of Edon, Ohio, has selected the Single Source™ core banking application being offered exclusively through RDSI Banking Systems.
Estel Wyrick, President of Edon State Bank, stated, "We are looking forward to the partnership with RDSI to use the new core banking application, Single Source™. We are very familiar and have a high degree of trust with RDSI. Their ability to provide local support and their technical and business knowledge were important components in our decision."
Kenneth A. Joyce, President and Chief Executive Officer of RDSI, stated, "The long time partnership that has been formed between Edon State Bank and RDSI is a direct result of the dedication of the RDSI team to provide strong technology and personalized service and the professional team at the Bank working to optimize the relationship. We are excited about the new Single Source™ product and its real-time capability and its impact on the banking world."
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.