DEFIANCE, Ohio, Sept. 1, 2010 (GLOBE NEWSWIRE) -- Rurban Financial Corp. (Nasdaq:RBNF), ("Rurban" or "Company"), a diversified financial services company providing full-service community banking, wealth management, and data/item processing services, announced today that the Board of Directors, upon the recommendation of the Governance and Nominating Committee, has elected Timothy J. Stolly to serve as a Director on the Board of Directors of Rurban and The State Bank and Trust Company. Mr. Stolly will serve as a member of the Audit Committee and Loan Review Committee and has been a member of the Company's Lima Region Advisory Board since 2006. Mr. Stolly's term as a Director will expire at the annual meeting of shareholders in 2012.
Mr. Stolly has over 30 years experience in the insurance industry. He joined Stolly Insurance Group in Lima, Ohio in 1979 after graduating from the University of Cincinnati, becoming a co-owner in 1988. Mr. Stolly directly manages the Life, Health and Group Benefit Department and is responsible for the sales and services of all lines of Property and Casualty Insurance. He holds Life, Annuity and Series 6 Licenses and has earned the CPCU, LUTCF and CIC designations.
Mr. Stolly is a very active member of his community and various professional organizations. He has served as a Board member and/or President of a variety of organizations, including the Lima Allen County Chamber of Commerce, Lima Insurance Board, Lima Area JC's, Allen County Council on Aging, Lima Noon Optimist, St. Rita's Hospital Development Committee and Motorist Insurance Group Advisory Board. He is currently a Board member and President of Lima Interfaith Senior Housing and is a Board member of the Professional Insurance Agents Association of Ohio.
Mark A. Klein, President and CEO of Rurban Financial Corporation, acknowledged, "Tim Stolly is a leader in the Lima/West Central Ohio region and his entrepreneurial spirit and business acumen will provide prudent leadership to the boards of Rurban Financial Corp. as well as The State Bank and Trust Company." Klein went on to say, "The addition of a board member from this key region in our footprint also provides our organization the geographical diversification we need as we continue to expand and grow our franchise."
David A. Anderson, Lima Regional President of The State Bank and Trust Company, stated, "Tim Stolly has been a valuable member of our Lima Advisory Board for many years and I'm confident that his contribution to the Board of Directors will increase significantly as he becomes more intimately involved in our organization."
About Rurban Financial Corp.
Based in Defiance, Ohio, Rurban Financial Corp. is a financial services holding company with two wholly-owned subsidiaries: The State Bank and Trust Company (State Bank) and RDSI Banking Systems (RDSI). State Bank operates through 18 banking centers in seven Northwestern Ohio counties, one center in Fort Wayne, Indiana; and a loan production office in Columbus, Ohio. The Bank offers a full-range of financial services for consumers and small businesses, including trust services, mortgage banking, commercial and agricultural lending. RDSI provides data and item processing services to community banks located primarily in the Midwest. Rurban's common stock is listed on the NASDAQ Global Market under the symbol RBNF.
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 except as required by law. All subsequent written and oral forward-looking statements attributable to Rurban or any person acting on our behalf are qualified by these cautionary statements.
CONTACT: Rurban Financial Corp. Investor Contact: Anthony V. Cosentino 419-785-3663 email@example.com