First Federal Savings Bank outsources core and digital banking tech to COCC
First Federal Savings Bank, a $220 million community bank in the US state of Ohio, has selected a new core banking software provider – Connecticut Online Computer Centre (COCC).
The vendor says the bank’s choice was “due to COCC’s strong focus on client partnership” as well as “new technology”. COCC’s hosted core processing platform is based on Fiserv’s DNA offering and is aimed at small banks and credit unions in the north east of the US.
“COCC demonstrates a genuine passion for what they do – much the same as we do at First Federal,” notes Paul M. Thompson, the bank’s president and CEO.
“We are entering an age where we need a true partner to help us keep ahead of the pace of change, consolidation, and innovation in our industry.
“Culture and operational improvement were the primary drivers of our decision.”
In addition to converting to COCC’s back office solution, First Federal will also implement the vendor’s digital and mobile banking products.
“This growing bank will make an excellent addition to our COCC family!” exclaims Richard A. Leone, CEO of COCC. Other “family members” include Boston Firefighters Credit Union, Abington Bank, St Mary’s Credit Union, CorePlus Credit Union, Freedom 1st Credit Union, Maple City Savings Bank, Holbrook Cooperative Bank, GSL Savings Bank and Salisbury Bank.
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