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."