DEFIANCE, Ohio, June 28 /PRNewswire-FirstCall/ -- Rurban Financial Corp. ("Rurban"), a leading provider of full-service banking, investment management, trust services and bank data processing, announced today its technology subsidiary, RDSI, has successfully completed negotiations to provide image processing services to four current community bank clients. RDSI signed 5-year contracts with Kingston National Bank, Kingston, Ohio; National Bank of Montpelier, Montpelier, Ohio; Macatawa Bank, Holland, Michigan and First National Bank, Bellevue, Ohio.
"RDSI took advantage of its 2002 acquisitions to expand its item processing/imaging operation. These new structures provide the capability of offering expanded imaging services to our customers. Banks across the country will be looking to enhance their imaging process capabilities due to the new 'Check Clearing for the 21st Century Act' or Check 21. Banks can increase efficiencies in collection or return of checks, streamline internal processes, reduce operating cost and realize greater efficiencies through re-engineering their infrastructure with electronics. RDSI's Check 21 strategy will provide various options and solutions for our clients with this exciting new change in imaging technology," stated Rurban President and CEO, Ken Joyce.
"New clients continue to make the transition to RDSI for data processing and item processing services. We will be opening new item processing centers in Holland, Michigan and near the Columbus, Ohio area to better serve our clients and continue to grow our business,' shared Kurt Kratzer, RDSI President and Chief Operating Officer. "RDSI provides its partners with the most competitive comprehensive and totally integrated software solutions available to the community banking industry today. It takes more than world-class systems alone to grow and maintain a satisfied client base in today's competitive environment. It takes personalized, customer focused service. We consistently maintain quality service as our primary strength and objective. 2004 marks RDSI's 40th year in business. These expanded relationships are a testimony to our ability to meet and exceed our customers needs. Our clients can count on us to continue to innovate and grow with them year after year," continued Kratzer.
RDSI is a technology partner delivering world-class software and products to the banking and financial industry, with outstanding service and customer care. RDSI Banking Systems originated in 1964 and has grown to become the Midwest's premier and one of its largest providers of financial data processing service for the banking industry. RDSI is a single source provider for financial systems solutions to its valued client base.
About Rurban Financial Corp.
Rurban Financial Corp. is a publicly held bank holding company based in Defiance, Ohio and is located on the Internet at http://www.rurbanfinancial.net/ . Rurban's common stock is quoted on the Nasdaq National Market System under the symbol RBNF. The Company currently has 10,000,000 shares of stock authorized and 4,565,721 shares outstanding.
Rurban's wholly owned subsidiaries are The State Bank and Trust Company, Reliance Financial Services, N.A., Rurbanc Data Services, Inc. (RDSI) and RFCBC Loan Subsidiary. The bank offers a full range of financial services through their offices in Defiance, Paulding and Fulton Counties. Reliance Financial Services offers a diversified array of trust and financial services to customers throughout the Mid-West. RDSI provides data processing services to community banks in Ohio, Michigan, Indiana, Illinois and Missouri.
Forward-Looking Statements
Certain statements within this document, which are not statements of historical fact, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties and actual results may differ materially from those predicted by the forward-looking statements. These risks and uncertainties include, but are not limited to, risks and uncertainties inherent in the national and regional banking, insurance and mortgage industries, competitive factors specific to markets in which Rurban and its subsidiaries operate, future interest rate levels, legislative and regulatory actions, capital market conditions, general economic conditions, geopolitical events, the loss of key personnel and other factors.
Forward-looking statements speak only as of the date on which they are made, and Rurban undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made. All subsequent written and oral forward-looking statements attributable to Rurban or any person acting on our behalf are qualified by these cautionary statements.
Rurban Financial Corp.
"RDSI took advantage of its 2002 acquisitions to expand its item processing/imaging operation. These new structures provide the capability of offering expanded imaging services to our customers. Banks across the country will be looking to enhance their imaging process capabilities due to the new 'Check Clearing for the 21st Century Act' or Check 21. Banks can increase efficiencies in collection or return of checks, streamline internal processes, reduce operating cost and realize greater efficiencies through re-engineering their infrastructure with electronics. RDSI's Check 21 strategy will provide various options and solutions for our clients with this exciting new change in imaging technology," stated Rurban President and CEO, Ken Joyce.
"New clients continue to make the transition to RDSI for data processing and item processing services. We will be opening new item processing centers in Holland, Michigan and near the Columbus, Ohio area to better serve our clients and continue to grow our business,' shared Kurt Kratzer, RDSI President and Chief Operating Officer. "RDSI provides its partners with the most competitive comprehensive and totally integrated software solutions available to the community banking industry today. It takes more than world-class systems alone to grow and maintain a satisfied client base in today's competitive environment. It takes personalized, customer focused service. We consistently maintain quality service as our primary strength and objective. 2004 marks RDSI's 40th year in business. These expanded relationships are a testimony to our ability to meet and exceed our customers needs. Our clients can count on us to continue to innovate and grow with them year after year," continued Kratzer.
RDSI is a technology partner delivering world-class software and products to the banking and financial industry, with outstanding service and customer care. RDSI Banking Systems originated in 1964 and has grown to become the Midwest's premier and one of its largest providers of financial data processing service for the banking industry. RDSI is a single source provider for financial systems solutions to its valued client base.
About Rurban Financial Corp.
Rurban Financial Corp. is a publicly held bank holding company based in Defiance, Ohio and is located on the Internet at http://www.rurbanfinancial.net/ . Rurban's common stock is quoted on the Nasdaq National Market System under the symbol RBNF. The Company currently has 10,000,000 shares of stock authorized and 4,565,721 shares outstanding.
Rurban's wholly owned subsidiaries are The State Bank and Trust Company, Reliance Financial Services, N.A., Rurbanc Data Services, Inc. (RDSI) and RFCBC Loan Subsidiary. The bank offers a full range of financial services through their offices in Defiance, Paulding and Fulton Counties. Reliance Financial Services offers a diversified array of trust and financial services to customers throughout the Mid-West. RDSI provides data processing services to community banks in Ohio, Michigan, Indiana, Illinois and Missouri.
Forward-Looking Statements
Certain statements within this document, which are not statements of historical fact, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties and actual results may differ materially from those predicted by the forward-looking statements. These risks and uncertainties include, but are not limited to, risks and uncertainties inherent in the national and regional banking, insurance and mortgage industries, competitive factors specific to markets in which Rurban and its subsidiaries operate, future interest rate levels, legislative and regulatory actions, capital market conditions, general economic conditions, geopolitical events, the loss of key personnel and other factors.
Forward-looking statements speak only as of the date on which they are made, and Rurban undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made. All subsequent written and oral forward-looking statements attributable to Rurban or any person acting on our behalf are qualified by these cautionary statements.
Rurban Financial Corp.
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