DEFIANCE, Ohio, March 27 /PRNewswire-FirstCall/ -- Rurban Financial Corp. , a leading provider of full-service community banking, investment management, trust services and bank data processing, today announced its technology subsidiary; RDSI has successfully signed a 72 month contract with The First Bexley Bank. First Bexley expects to receive final regulatory approval to open its bank in Bexley, OH sometime in April.
Martin Westfall, President and CEO of First Bexley, will lead a staff of local individuals that have in excess of 75 years of combined Community Banking experience. First Bexley chose RDSI as its technology partner in part because of Mr. Westfall's previous experience with ITI software coupled with the personalized service RDSI offers. "We felt RDSI's expertise and proven track record in the denovo arena will benefit us greatly and help insure our long-term success in the marketplace," stated Westfall.
"We are pleased to be working with the quality staff that Martin has assembled at First Bexley and are committed to being a vital, contributing technology partner in supporting their success as a community bank," commented John Weimerskirk, President of RDSI.
Ken Joyce, President and CEO of Rurban, stated, "We welcome The First Bexley Bank to our data processing family. New clients continue to make the transition to RDSI for the data processing services and validating RDSI's personal service approach."
RDSI will provide all core ITI processing services along with Internet Banking services. First Bexley will utilize the Image Capture Item Processing solution provided by RDSI 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, The Exchange Bank, Reliance Financial Services, N.A., Rurbanc Data Services, Inc. (RDSI) and RFCBC, Inc. The two community banks, State Bank and Exchange Bank, offer a full range of financial services through 19 offices in Allen, Defiance, Fulton, Lucas, Paulding and Wood Counties, Ohio and Allen County, Indiana. Reliance Financial Services offers a diversified array of trust and financial services to customers throughout the Midwest. RDSI provides data processing services to community banks in Arkansas, Illinois, Indiana, Ohio, Michigan and Missouri. Rurban's common stock is quoted on the Nasdaq National Market under the symbol RBNF. The Company currently has 10,000,000 shares of stock authorized and 5,027,433 shares outstanding. The Company's website is http://www.rurbanfinancial.net/ .
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.
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