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Recent News
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May 7, 2012
Dexter Credit Union Converts to COCC Technology Partnership
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March 28, 2012
COCC Core Processing ‘Apps’ Raise Client Productivity
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March 15, 2012
Reading Co-operative Bank Selects COCC for Technology Partnership
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March 6, 2012
National Grand Bank Selects COCC for Technology Partnership
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March 2, 2012
Betsy Didan Named Connecticut Woman of Innovation
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February 13, 2012
COCC Announces Technology Partnership with Farmington Bank
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February 7, 2012
Record Earnings, Awards and New Business for COCC in 2011
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August 18, 2011
COCC ‘Apps’ to Accelerate Innovation for Financial Institutions
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July 13, 2011
COCC and Fortress Announce Partnership to Provide Enterprise Risk Management
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June 6, 2011
COCC Installs Free Enterprise Duplicate Detection
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March 28, 2011
COCC Partners with mFoundry for Mobile
INSIGHT Solution
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March 18, 2011
Boston’s Industrial Credit Union Selects COCC’s Core and Strategic Technology Solutions
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News
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Andover
Bank Selects COCC to Implement New
Technology Infrastructure
May 25, 2010
Andover Bank has selected COCC for a
long term technology partnership to help
the bank achieve its strategic goals.
COCC’s next generation technology and
support services will enable Andover
Bank to expand its product line and
streamline business processes to take
maximum advantage of emerging market
opportunities.
“We see our technology partnership with
COCC as the engine for our growth in the
years ahead,” said Diana Engelhardt,
Senior Vice President and Chief
Financial Officer at Andover Bank.
“COCC’s next generation technology and
support give our bank the unique
opportunity to establish a new
infrastructure that will enable us to
deliver better, faster service to our
customers, greater flexibility in our
market, and increased efficiency to grow
our bank without adding staff. We are
very excited about the road ahead.” |
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Located in northeastern Ohio, Andover Bank is
celebrating its 125th anniversary with record
earnings. Conservative lending standards have
kept the bank’s financials solid throughout
2009, and a recovering economy has begun to
offer fresh opportunities for increased market
share.
“Our market is turning away from large,
impersonal financial institutions in favor of
community banks,” said Ms. Engelhardt. “This is
our time to expand market share by becoming the
responsive, feature-rich alternative to big
banks.”
COCC’s business process management products
combined with the company’s workflows and best
practices developed from years of experience
working with the most advanced bank computing
systems, will be the key ingredients in Andover
Bank’s new infrastructure.
“COCC is way out in front of other financial IT
companies in using technology to deliver maximum
efficiency,” said Ms. Engelhardt. “COCC has
developed a wealth of practical knowledge of
image, automation, open systems and .Net
architecture that can only be cultivated through
years of helping banks streamline their business
processes. We know that COCC will give us the
techniques as well as the technology to bring
our strategies to life.”
With the conversion, Andover Bank will guide its
staff through complex processes using COCC’s
customized software workflows. Behind the
scenes, COCC’s system will automate much of the
bank’s accounting and compliance functions,
eliminating the use of paper and ensuring that
every required step has been completed and
documented. These changes will generate
efficiencies throughout the bank, including a
10-fold reduction in the amount of time needed
to open a new account.
“We are very pleased to deliver the full promise
of next generation technology to Andover Bank,”
said COCC’s President and CEO, Richard A. Leone.
“It’s one thing to install hardware and
software. It’s quite another to work closely
with our clients to ensure that their strategies
succeed. COCC’s focus has always been on client
success, which makes us far more than a
technology vendor. We are our clients’
technology partner. Success in today’s crowded
market for financial services requires nothing
less.”
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ABOUT Andover Bank
Andover Bank is a local, independent community
bank founded in 1884, just one year after the
founding of Andover, Ohio. One hundred twenty
five years later, Andover Bank remains deeply
rooted in the community. The bank’s mission is
to deliver a full range of affordable banking
products and the best possible customer service.
For more information, please visit
www.andoverbankohio.com or contact Diana
Engelhardt at (440) 293-7256.
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