plus 2, Market Watch for Pacific Capital Bancorp Issued by ... - MSN Money

Market Watch for Pacific Capital Bancorp Issued by ... - MSN Money

Posted: 19 Mar 2010 03:57 AM PDT

DALLAS, March 19, 2010 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring Pacific Capital Bancorp (Nasdaq:PCBC). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: http://www.stockpreacher.com/n/PCBC
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Pacific Capital Bancorp (PCBC) is a community bank holding company providing full service banking, including consumer and commercial lending, trust and investment advisory services, and other consumer and business banking products through its subsidiaries' retail branches, commercial and wealth management centers, and other distribution channels to consumers and businesses primarily located in the central coast of California. PCBC has five wholly owned subsidiaries, Pacific Capital Bank, National Association (the Bank or PCBNA), a banking subsidiary and four unconsolidated subsidiaries. The Company operates in three segments: Community Banking, Commercial Banking and Wealth Management. In January 2010, the Company announced that it has completed the sale of its Refund Anticipation Loan (RAL) and Refund Transfer (RT) businesses (together, the Tax Division) to Santa Barbara Tax Products Group LLC.
Message Board Search for PCBC: http://www.boardcentral.com/boards/PCBC
In the report, the analyst notes:
"The Company's net loss for the fourth quarter of 2009 was ($20.0) million, or ($0.43) per common share, compared to a net loss of ($42.9) million, or ($0.92) per common share, in the same period of the prior year.
"PCBC recently announced that Frederick W. Clough, 66, will retire as executive vice president and general counsel of the Company and its wholly owned subsidiary, Pacific Capital Bank, N.A., effective March 31, 2010. Clough will continue to serve the Company as a consultant. Clough joined PCBC in February 2001 from his position as Managing Partner of the Santa Barbara law firm of Reicker, Clough, Pfau, Pyle, McRoy & Herman, LLP, which he and his partners established in July 1996."
To read the entire report visit: http://www.stockpreacher.com/n/PCBC
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StockPreacher.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. StockPreacher.com is a Web site wholly owned by BlueWave Advisors, LLC. StockPreacher.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. Please read our report and visit our Web site, StockPreacher.com, for complete risks and disclosures.

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RDSI Banking Systems Announces Contract With Somerville ... - MSN Money

Posted: 19 Mar 2010 08:01 AM PDT

DEFIANCE, Ohio, March 19, 2010 (GLOBE NEWSWIRE) -- Rurban Financial Corp. (Nasdaq:RBNF), a leading provider of full-service community banking, investment management, trust services and bank data and item processing, today announced that Somerville National Bank of Somerville, Ohio, has selected the Single Source(TM) core banking application offered exclusively through RDSI Banking Systems.
Paul E. Taylor, President of Somerville National Bank, stated, "The contract with RDSI Banking Systems made the best business sense for us as we examined our options. The Single Source(TM) application, which offers real-time capability, will provide our bank the necessary tools to stay current in the banking industry and provide us the options to extend superior products and services to our customers."
Kenneth A. Joyce, President and Chief Executive Officer of RDSI, stated, "Our commitment in helping our client banks succeed is foremost in RDSI's culture. We pride ourselves on delivering personalized service that allows our customers to offer the best of breed products and services. RDSI is looking forward to continuing a relationship with Somerville Bank."
About Rurban Financial Corp.
Rurban Financial Corp. is a publicly-held financial services holding company based in Defiance, Ohio. Rurban's wholly-owned subsidiaries are The State Bank and Trust Company, including Reliance Financial Services and RDSI Banking Systems (RDSI), including DCM. The State Bank and Trust Company offers financial services through its 19 banking centers in Allen, Defiance, Fulton, Lucas, Paulding, Williams and Wood Counties, Ohio and Allen County, Indiana and a Loan Production Office in Franklin County, Ohio. Reliance Financial Services, a division of the Bank, offers a diversified array of trust and financial services to customers throughout the Midwest. RDSI and DCM provide data and item processing services to community banks in Arkansas, Illinois, Indiana, Michigan, Missouri, Nebraska, Nevada, Ohio and Wisconsin. Rurban's common stock is quoted on the Nasdaq Global Market under the symbol RBNF. The Company currently has 10,000,000 shares of stock authorized and 4,861,779 shares outstanding. The Company's website is http://www.rurbanfinancial.net.

 CONTACT: Rurban Financial Corp.
 Investor Contact:
 Valda Colbart
 419-784-2759
 rfcinv@rurban.net

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Chemung Canal Trust launches new service - Press & Sun-Bulletin

Posted: 19 Mar 2010 08:29 AM PDT

REGION Chemung Canal Trust Co. said its trust and investment division has expanded its services to include private banking. J. Edmond Morton IV, of Owego, has been hired to manage this new service.

"We have created a seamlessly coordinated approach to handling all of our high net worth clients' financial needs through one point of contact, our private banker," President and CEO Ronald M. Bentley said.
Morton has more than 15 years of experience in the financial services industry. He spent the past decade focusing on private banking and wealth management in the Philadelphia area while employed at Mellon Bank, Bank of America, Sovereign Bank and The Bancorp Bank.
Chemung Canal Trust operates through 23 branch offices in Broome, Chemung, Schuyler, Steuben, Tioga and Tompkins counties in New York, as well as in Bradford County, Pennsylvania. The bank also operates full-service trust and investment centers in downtown Binghamton, Elmira and Herkimer.

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