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Published: Friday, 7/25/2003

Rurban Financial reports profit

DEFIANCE - Rurban Financial Corp. yesterday reported second-quarter profit of $6.5 million, or $1.42 per share, compared with a loss of $7.6 million, or $1.68 per share, in the same period a year ago.

The bank holding company, parent of State Bank and Trust Co., also reported net interest income of $3.3 million last quarter, compared with $6.3 million in the year-ago quarter, and assets of $492.7 million, down from $788.3 million.

Rurban's assets fell because of the sale of a number of branches.

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