DEFIANCE, Ohio, Feb. 18, 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 an five year contract with The First National Bank of Summerfield, Summerfield, Kansas to provide data processing services.
Jim Roberg, from The First National Bank of Summerfield, commented, "We were familiar with Cattle National Bank and the RDSI relationship with Cattle National Bank supplying item processing services and RDSI supplying data processing. This arrangement made the best business sense for us as we examined our options." Roberg continued, "The ITI software allows us tremendous flexibility as we look to grow our bank and the RDSI/Cattle National Bank offering will provide us the necessary support we need to achieve our goals."
"RDSI is looking forward to a long relationship, providing state of the art technology and resources in support of The First National Bank of Summerfield," commented Hank Thiemann, President of RDSI. "Our commitment in helping our client succeed is foremost in RDSI's culture. We pride ourselves on our personalized service that is provided to the benefit of our clients."
Kenneth A. Joyce, President and CEO of Rurban Financial Corp., stated, "Our recent entrance into the Kansas region supports our strategy to grow and serve the financial industry; leading with personalized service and expertise which starts with the Bank's conversion and continues with their day-to-day operations. We are proud to have The First National Bank of Summerfield as our partner."
RDSI will be providing core data processing services and support of banking products. The First National Bank of Summerfield will be utilizing the partnership with Cattle National Bank and Trust Company, based in Seward, Nebraska, for their item processing needs.
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 22 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 4,876,707 shares outstanding. The Company's website is http://www.rurbanfinancial.net.