RDSI signs agreement with Indiana bank

According to Rurban Financial Corp., its technology subsidiary RDSI has successfully signed a 36-month contract with Tower Bank of Central Indiana (TBCI), a newly formed subsidiary of Tower Financial Corporation. TBCI is seeking a banking charter to establish a de novo bank based in Carmel, Indiana. Regulatory approvals are anticipated early this year.

William H. Olds, president of TBCI, will lead a staff of local individuals. According to TBCI, it chose RDSI as its technology partner in part because of Tower Bank's past successful relationship with RDSI as a service provider. "Our experience with RDSI and the ITI software made this partnership the best solution to ensure our long-term success in the marketplace," stated Michael Rice, chief technology officer.

"We look forward to working with the Tower Bank of Central Indiana, and their ex experienced staff, as their technology partner, supporting their success as a community bank. We have had a long and successful relationship with the Fort Wayne subsidiary, Tower Bank and Trust Company, and look forward to expanding this relationship," commented John Weimerskirk, president of RDSI.

Ken Joyce, president and CEO of Rurban stated, "We welcome Tower Bank's expansion partner in Carmel, Indiana to our data processing family. New clients continue to make the transition to RDSI for their data Processing services, which we believe validates RDSI's personal service approach and differentiates us from the larger data processing vendors."

RDSI will provide all core ITI processing services along with Internet Banking and- Corporate Cash Management services.

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