DEFIANCE, Ohio, March 23, 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 First National Bank of Blanchester, Blanchester, Ohio; The Corn City State Bank, Deshler, Ohio; The Metamora State Bank, Sylvania, Ohio; and The Sherwood State Bank, Sherwood, Ohio have selected the Single Source™ core banking application offered exclusively through RDSI Banking Systems.
R. Douglas Naylor, President and Chief Executive Officer of First National Bank of Blanchester, 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 for our customers."
Diane Hoops, President and Chief Executive Officer of The Corn City State Bank, stated, "RDSI's commitment and personal approach to providing world class technology solutions were important factors in our decision. We look forward to continuing our longstanding partnership with RDSI using the new core banking application, Single Source™."
Jim Armstrong, President and Chief Executive Officer of The Metamora State Bank, stated, "We are looking forward to continuing the partnership with RDSI using the new core banking application, Single Source™. We are long-time clients of RDSI and their support reputation and knowledge were important factors in our decision."
Mickey C. Schwarzbek, President and Chief Executive Officer of The Sherwood State Bank, stated, "We made our decision to partner with RDSI based upon RDSI's expertise and strong reputation for customer support. The Single Source™ application, which offers real-time capability, will provide high-quality banking technology and value-added services to our clients."
Kenneth A. Joyce, President and Chief Executive Officer of RDSI, stated, "The new Single Source™ application provides real-time capability, product and development flexibility, and cost savings offering clear benefits to banks choosing the application. RDSI is looking forward to a continuing relationship providing state of the art technology to our new banking clients."
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.