Friday, Oct 21, 2016
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Rurban Financial reports record profit of $6.1M

DEFIANCE - Rurban Financial Corp., a bank holding company, yesterday reported its profit for last year was $6.1 million, or $1.42 a share, up from $5.2 million, or $1.22 a share, from the year before. It marked the most profitable year in the firm's history.

The company reported strong growth in its loan activity, especially for commercial loans, which contributed to an increase of $10.6 million or 27 percent in loan interest and fees. It said it had assets of $701 million at year's end, up from $628 million the year before. Deposits also grew to $566 million from $519 million.

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