NUVO BANK & TRUST SELECTS COCC FOR TECHNOLOGY 'WOW' FACTOR

AVON, Conn., August 23, 2007 – COCC, the region’s leading provider of next generation technology services for financial institutions, today announced that the NUVO Bank & Trust Company (in organization) has selected COCC for its cutting
edge technology, outstanding service reputation, and mutual ownership structure. 

“COCC is the next generation technology partner that we need to excite our customers with innovative products and services,” said NUVO Bank’s Chairman and CEO, James E. Gardner. “We plan on delivering a new way of banking in the Springfield, Massachusetts region. COCC is uniquely positioned to deliver the ‘WOW’ factor that will make the difference in our market area.” 

Gardner and NUVO’s President and Chief Operating Officer, Jeffrey S. Sattler, are gathering investors, hiring staff and contracting vendors who share the bank’s passion for progressive, personal service. According to Gardner, NUVO’s target market of local businesses has a tremendous need for responsive bankers and innovative bank products that will help them and Springfield grow. 

By focusing on personalized service to small businesses, the bank plans to capture a significant share of the 9,000 businesses within Springfield’s borders. “Together with COCC’s technology and support, we will show the Springfield area how an innovative bank with a solid community commitment is the best choice for banking services,” he said.  

Gardner explained that COCC’s core and strategic processing solutions have the features and flexibility that NUVO Bank needs to deliver a next generation customer banking experience.   

“We need to be cutting edge,” Gardner said. “Our customers are going to be the high energy entrepreneurs as well as the well-established businesses. They need to see a significant difference between us and our competition, and to know that we will never stop improving and reinventing our bank’s services. COCC, with its operational excellence and depth of development capabilities, can do that for us.”  

COCC has enjoyed double digit revenue growth since 2005 and recently announced a 17% increase in overall work force to accommodate new business and services. Marco Bernasconi, COCC’s Vice President – Customer Service, attributed the increase to the company’s advanced technology, adding, “COCC is the only data processor in the banking industry to migrate its entire client base to an open technology platform. That gives us a tremendous advantage when developing leading edge banking solutions.” 

“NUVO Bank & Trust represents an exciting opportunity for COCC,” said Bernasconi. “This new breed of financial institution with its next generation expectations is why COCC migrated to next generation technology. As a result of our recent technology and service decisions, we have the systems in place that enable us to deliver NUVO’s breakthrough banking services.”