DEFIANCE, Ohio, Oct. 27, 2008 (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 Rurbanc Data Services, Inc. (RDSI), has entered into an agreement with Recovery Solutions, Inc. ("RS") to provide an innovative turnkey technology mobile disaster recovery banking solution that incorporates sophisticated satellite technology for business continuity that is fully integrated with RDSI Banking Systems. Tim Pearson, Executive Vice President and Product Manager of RDSI Banking Systems, states, "This relationship with Recovery Solutions provides our clients the continuation of service they have come to expect from RDSI, especially in their time of greatest need."
Recent changes made by the Federal Financial Institutions Examinations Council (FFIEC) to Business Continuity Planning standards have increased the need for all financial institutions to prepare and test disaster plans to minimize service interruption to their customers. Using a nationwide fleet of mobile bank facilities, Recovery Solutions will deliver a temporary bank fully equipped with essential banking technology. This includes: satellite communications service, Voice over Internet Protocol (VoIP) telephone system, file servers, PC workstations, banking and laser printers, image capture devices and portable power generators to restore RDSI clients' retail operations. Recovery Solution's LiveSite test program assures RDSI clients that their unique configuration will operate as planned should restoration be necessary. "Our fully documented LiveSite test provides our clients proof of concept and aids them in complying with the new regulatory mandates," according to Richard T. Lavin, President and founder of Recovery Solutions.
Jon Brenneman, Executive Vice President and Chief Marketing Officer of RDSI, said, "Recovery Solutions' record of timely restoration of their clients gave us proof of their ability to keep our customers operational should a disaster strike."
About Recovery Solutions
Recovery Solutions (RS), headquartered in Plainfield, Ill., provides annual disaster recovery testing and business resumption to financial institutions. RS delivers fully integrated mobile banks that are equipped with essential computer technology. Its "ready-to-go" Emergency Mobile Banks have all the necessary computer LAN equipment, security equipment, banking specific computer hardware, generator, VoIP telephone system using sophisticated encrypted satellite dish networks to enable financial institutions to securely communicate to its Service Bureau through a Virtual Private Network (VPN) and to the Internet to resume business within hours. For more information about the company visit www.recoverysolutions.com or call Richard Lavin at (815) 577-1999 or send an e-mail to info@recoverysolutions.com.
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 Rurbanc Data Services, Inc. (RDSI), including DCM. The State Bank and Trust Company offers financial services through its 17 branches in Allen, Defiance, Fulton, Lucas, Paulding 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, 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 4,902,826 shares outstanding. The Company's website is www.rurbanfinancial.net.