COCC FINISHES STRONG IN 2005

AVON, Conn. December 21, 2005 — COCC, one of the fastest growing data processing companies in the nation, is ringing out 2005 with a record number of new contracts for its core processing and strategic services. The company won 12 new core processing contracts and 44 new contracts for its branch capture, anti-money laundering, document imaging and Oracle^® Financials services.

“Our vision for open technology and our passion for service excellence came into clear focus for the financial services industry in 2005,” said COCC’s President and CEO, Richard A. Leone. “The need for close contact and responsive service is paramount in today’s financial industry. COCC’s commitment to service excellence has produced outstanding client results that continue to attract new prospects.”

Among the new core customers are community banks in New England, Ohio and Pennsylvania. Several New England credit unions selected COCC as well – including the largest credit union in Springfield, Massachusetts plus additional credit unions in Connecticut. Last month, the company announced that Rhode Island’s largest savings bank had selected COCC for core processing services.

Several of these institutions decided to replace their in-house processing systems with COCC’s outsourced solution. Steve Kayser, Senior Vice President – Marketing, said, “new security threats, regulatory pressure, the need to keep technology up-to-date, and a continuing drive for operating efficiency are driving many institutions toward the outsource model.”

“In today’s environment, financial institutions are looking for a one stop shop that will take the technology headache away,” said Kayser. “COCC is just that.”

In the strategic product area, sales of branch capture services were boosted by the company’s comprehensive financial and operational models showing that real money can be saved through next generation check image processing. COCC won 12 new contracts for branch capture services in 2005, bringing its total monthly check processing volume to over 9 million items.

The latest hot product, Anti-Money Laundering, picked up momentum as well this year as regulators increased pressure on banks to implement policies to protect the bank and report suspicious activity.

Other strategic products posting strong results included electronic statement delivery, automated software patching, web site hosting, and Oracle^® Financials. COCC is the first data center other than Oracle itself to market and support the product as a service bureau solution.

Leone further noted the company’s strong advances in total income and client satisfaction. “Total servicing income increased by nearly 11%, and more importantly, client satisfaction improved from a healthy 4.17 in 2004 to our best ratings ever in 2005 — 4.31 on a scale of one to five,” said Leone. “That is enormously fulfilling, not only for me but for every COCC employee.”

“Every day, COCC enables its clients to do more with fewer resources, to respond more decisively to regulatory examinations, and to grow their bottom line,” said Leone. “One client increased its assets by 54% in five years without adding to staff. Over 100 clients met their regulatory requirements for Internet security with COCC’s secure Internet services. Approximately 36 clients collectively increased their fee income by $18M this past year.”

Leone predicted further success as market and regulatory pressures continue to squeeze community banks and credit unions to improve efficiency and responsiveness.