Responsive Service at a Reasonable Cost

LIBERTY BANK RENEWS CHECK PROCESSING AGREEMENT WITH COCC

AVON, Conn. September 20, 2006 — COCC, a leading provider of next generation technology services for financial institutions, today announced that Liberty Bank of Middletown, Conn. has renewed its agreement with COCC to provide next generation check and statement image processing services. The $2.5 billion savings bank has already saved substantial dollars while receiving responsive service as a result of its three year partnership with COCC.

“We are looking forward to continued savings and service innovation with COCC,” said Barry Abramowitz, Chief Information Officer at Liberty Bank. “We know that COCC can meet every need in the rapidly changing check processing industry, from paper processing to full image exchange.”

Liberty Bank will continue to utilize COCC’s all image platform which provides on-line access to check images at every stage of item processing. These services include comprehensive proof and transit, inclearing and return services, and image statements. Liberty expects to add several advanced check services, such as customer access to check images, image-enabled ATMs, and image exchange in the future.

“The industry is moving rapidly toward image exchange,” said Abramowitz. “We wanted a partner that not only exhibited leadership in the image arena but experience as well. COCC is that partner.”

COCC began exchanging images on behalf of its client institutions more than a year ago and has steadily increased its image-enabled client base since then. The company has implemented image exchange at 20% of its check processing clients and supports the full range of image services, from outgoing image cash letters to image inclearing and return. COCC transmitted more than 500,000 check images to the Federal Reserve last month. Commitments to image exchange will raise COCC’s percentage of production clients to 31% by year end. In April, COCC reported that 17% of its clients had already committed to installing the company’s e-Statement system.

“Image is the next big thing in banking,” said Joseph D. Lockwood, Chief Technology Officer at COCC. “Over the next two years, financial institutions will observe a sea change in check processing operations. We are pleased to offer all of those options to Liberty Bank.”

Robin Fujio, Vice President at Liberty Bank, said that COCC has continued to help the bank increase its operating efficiency through the use of bank-wide image research, statement printing, and postage saving capabilities. “Over the past three years, COCC has been highly responsive to our needs, and as a result, we are very pleased to renew our contract,” she said.