DEFIANCE, Ohio, Nov. 19, 2007 (PRIME NEWSWIRE) -- Rurban Financial Corp. (Nasdaq:RBNF) today announced its technology subsidiary, RDSI, has entered into an agreement with Oak Creek Valley Bank to be its data processing partner. Oak Creek Valley Bank is based in Valparaiso, Nebraska.
RDSI's reputation for personalized service, sound operations, and knowledgeable staff were significant contributors to the decision made by Oak Creek Valley Bank to choose RDSI as its technology partner. "RDSI has a well-known commitment to customer service within the bank technology industry. We look forward to a seamless conversion and start-up as we transition to their systems," stated John Barry, CEO of Oak Creek Valley Bank.
"We welcome the opportunity to become a technology partner for Oak Creek Valley Bank. John and his staff are dedicated to their community bank principles and we are pleased to support them in meeting their community commitments," commented Hank Thiemann, President of RDSI.
Kenneth A. Joyce, President and CEO of Rurban Financial Corp., stated, "Entering new markets is always an exciting opportunity and another way of validating our success in providing outstanding service and advice to our banking clients."
RDSI will provide core data processing services and support banking products to aid in differentiating Oak Creek Valley Bank in their market place. Oak Creek's Item Processing will be processed through RDSI's Nebraska's partner, The Cattle National Bank and Trust Company, based in Seward, Nebraska, including back counter electronic capture of items.
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. 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 4,982,933 shares outstanding. The Company's website is http://www.rurbanfinancial.net