Rurban Financial Corp. Declares $0.025 Quarterly Cash Dividend On Common Stock
DEFIANCE, Ohio, March 4, 2013 (GLOBE NEWSWIRE) -- Rurban Financial Corp. (Nasdaq:RBNF) ("Rurban") announced today that on March 4, 2013, its board of directors declared a quarterly cash dividend of $0.025 per common share, payable on April 3, 2013, to shareholders of record as of March 19, 2013. This is the first dividend paid since quarterly cash dividends were suspended in the fourth quarter of 2009.
The dividend follows the termination of the regulatory consent order by the Board of Governors of the Federal Reserve System as of February 8, 2013 with respect to Rurban and its nonbank data services subsidiary, RDSI Banking Systems.
"This dividend represents another landmark for Rurban, and is a reflection of our many key successes over the past couple of years," said Mark Klein, President and CEO of Rurban Financial Corp. "We have just completed our most profitable quarter in nearly ten years, reflecting improved performance across-the-board and an enhanced capital position that has provided us the opportunity to reinstate a return to our shareholders in the form of cash dividends. The resumption of our dividend program illustrates the confidence shared by our board and management team in Rurban's future."About Rurban Financial Corp. Based in Defiance, Ohio, Rurban Financial Corp. is a financial services holding company with two wholly-owned operating subsidiaries: The State Bank and Trust Company (State Bank) and RDSI Banking Systems (RDSI). State Bank operates through 17 banking centers in seven Northwestern Ohio counties, and one center in Fort Wayne, Indiana; as well as three loan production offices: two in Columbus, Ohio and one in Angola, Indiana. The Bank offers a full range of financial services for consumers and small businesses, including wealth management, mortgage banking, commercial and agricultural lending. RDSI provides item processing services to community banks located in the Midwest. Rurban's common stock is listed on the NASDAQ Global Market under the symbol RBNF.
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