| Business Summary | | Rurban
Financial
Corp.
is
a
bank
holding
company.
Through
its
subsidiaries,
The
State
Bank
and
Trust
Company,
The
Peoples
Banking
Company,
The
First
National
Bank
of
Ottawa
and
The
Citizens
Savings
Bank
Company,
the
Company
is
engaged
in
the
business
of
commercial
banking.
The
Company's
subsidiary,
Rurbanc
Data
Services
Inc.,
is
engaged
in
the
related
business
of
providing
data
processing
services,
principally
to
banks.
In
addition,
the
Company
owns
Rurban
Life
Insurance
Company,
which
is
engaged
in
the
related
business
of
accepting
life
and
disability
reinsurance,
ceded
in
part
by
American
General
Assurance
Company
(AGAC),
from
the
credit
life
and
disability
insurance
purchased
by
customers
of
the
Company's
banking
subsidiaries
from
AGAC,
in
connection
with
revolving
credit
loans
secured
by
mortgages
and
with
certain
installment
loans
made
to
such
customers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | RBNF
is
engaged
in
the
business
of
commercial
banking
in
Ohio;
accepts
life
and
disability
reinsurance
ceded
in
part
by
American
General
Assurance,
and
is
involved
in
the
mortgage
banking
business
in
Florida.
For
the
six
months
ended
6/30/01,
interest
income
rose
12%
to
$29.3
million.
Net
interest
income
after
LLP
fell
7%
to
$11.2
million.
Net
income
decreased
14%
to
$2.7
million.
Results
reflect
increased
provision
for
loan
losses
and
higher
personnel
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Steven VanDemark, 48 Chairman | -- | Thomas Williams, 52 Pres,
CEO, Director | $317K | Richard Warrener, 56 CFO,
Exec. VP | 175K | Robert Constien, 48 COO,
Exec. VP | 196K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|