Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  SEWELL JEFFREY DUANE
 2. Date of Event Requiring Statement (Month/Day/Year)
01/18/2006		 3. Issuer Name and Ticker or Trading Symbol
RURBAN FINANCIAL CORP [RBNF]
(Last)
(First)
(Middle)
1710 STONEMORE DRIVE		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
PRESIDENT OF SUBSIDIARY & COO
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

DEFIANCE, OH 43512		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
COMMON STOCK 228
D
 
COMMON STOCK 2,244
I
ESOP

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
OPTION FOR COMMON STOCK 06/15/1998 06/15/2008 COMMON STOCK 551 $ 16.78 D  
OPTION FOR COMMON STOCK 11/20/2000 11/20/2010 COMMON STOCK 525 $ 11.07 D  
OPTION FOR COMMON STOCK 08/01/2001 08/01/2011 COMMON STOCK 262 $ 13.33 D  
OPTION FOR COMMON STOCK 11/01/2001 11/01/2011 COMMON STOCK 750 $ 14 D  
OPTION FOR COMMON STOCK 01/21/2004 01/21/2014 COMMON STOCK 7,500 $ 13.85 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
SEWELL JEFFREY DUANE
1710 STONEMORE DRIVE
DEFIANCE, OH 43512		       PRESIDENT OF SUBSIDIARY & COO  

Signatures

JEFFREY D. SEWELL 01/26/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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