Technology To Enhance Service Advantages

First Federal Community Bank Selects COCC for Technology Partnership

AVON, Conn. February 6, 2007 — COCC, a leading provider of next generation technology services for financial institutions, today announced that First Federal Community Bank of Bucyrus, Ohio has selected COCC for a long term technology partnership. The bank views COCC’s technology and support as key components in its strategy to enhance its service advantages, extend market reach, and increase operational efficiency.

“Our bank provides service that’s heads above everybody else,” said Phillip W. Gerber, President and CEO, First Federal Community Bank. “COCC’s leading edge technology will extend our service advantages and help us gain new customers as we expand our market footprint. Having hands-on support from a company known for high quality service will give us an extra edge. COCC’s mutual ownership structure sweetens that combination by giving us a voice in our technology future.”

First Federal Community Bank received its original charter in 1888 as a Loan & Building Company and has since developed into a full service community bank offering a complete range of banking services. In its system search, the bank was looking for additional electronic banking convenience, more lending options for businesses and consumers, increased security monitoring and reporting, and up-to-the-second information for customers and staff.

“In today’s banking environment, convenience is king — both for the consumer and for the bank,” said Mr. Gerber. “Well-designed, real time access to customer information is a must as well as flexibility to accommodate our customers’ lending needs. COCC’s new technology will give us both the information access and the flexibility to optimize our service.”

Lynn A. Brewer, First Federal’s Chief Operations Officer, added that efficiency was another critical factor in the bank’s decision to partner with COCC. “We were looking for ways to automate key tasks such as regulatory reporting and to remove paper from our day-to-day processes,” said Ms. Brewer. “COCC has demonstrated experience in those areas and more. They really have a total view of technology service that will save us substantial dollars and time.”

Imaging is one of the important developments in banking today, replacing paper forms kept in file cabinets with electronic information that can be researched in seconds. With the conversion, checks deposited at First Federal will be converted to images and transmitted for payment the same day, increasing funds availability and reducing opportunities for fraud.

Ms. Brewer said the bank intends to offer businesses the opportunity to convert their check payments to images as well, reducing the need for businesses to drive their paper check payments to the bank. Brewer said the remote deposit capture product will increase the bank’s opportunities to attract merchants, an important component in the bank’s expansion strategy.

Part of that strategy involves First Federal’s new branch in Marysville, Ohio, one of the fastest growing areas in the state. The bank expects the combination of new technology, streamlined processes and state-of-the-art financial products will win new business there as well as in Bucyrus.

“We are pleased that First Federal Community Bank saw the flexibility of our technology and the quality of our support as key components of their growth strategy,” said COCC’s President and CEO, Richard A. Leone. “COCC offers a unique, single focus on providing superior technology services and continuous improvement of these services. It was clear when I met the bank’s officers at a recent COCC client conference in Ohio that our partnership will give First Federal the technology it needs to prosper going forward.”

Mr. Gerber added that the decision has been a real morale boost for the bank overall. “We asked the staff if they would be willing to go through a system conversion to get a better technology platform,” said Mr. Gerber. “The response was overwhelmingly positive. It’s a great plus when everybody is looking forward. We look forward to working with our partners at COCC.”