QUINNIPIAC BANK SELECTS COCC's next generation technology
& support

AVON, Conn. December 4, 2007 — COCC, a leading provider of technology services for financial institutions, today announced that Quinnipiac Bank and Trust Company (in organization) of Hamden, Connecticut has selected the company for a long term technology partnership.

“We were attracted by COCC’s next generation technology, its service quality and its deep Connecticut roots,” said Mark Candido, President and CEO, Quinnipiac Bank & Trust Company. “As we bring the quality and responsive service of hometown banking to Hamden, North Haven and New Haven, COCC will provide the technology and support behind our leading edge products and services.”

Quinnipiac Bank & Trust Company began as the dream of Mark Candido and Richard Barredo, Executive Vice President, Quinnipiac Bank. The two had worked together at the Bank of New Haven and had since fielded many inquiries from their former business customers seeking the financial advice and service of their hometown bankers. Candido and Barredo developed a plan and commissioned a feasibility study which confirmed their vision of restoring a hometown bank to Hamden, Connecticut. With capital raised and regulatory approvals in hand, the bank plans to open its first office early next year.

“We will be offering all the big bank products with hands-on, responsive service,” said Barredo. “Delivering our mix of leading edge products and ‘relationship-intensive’ service made the choice of technology partner very important to our bank.”

Quinnipiac Bank started its selection process with seven technology vendors and following a five month search process that included interviews, presentations and visits to client sites, selected COCC.

“COCC specializes in all the banking technology our customers need to succeed in today’s Internet-connected business environment,” said Ken Innocenzi, Vice President, Operations and Compliance. “Key products, such as remote deposit and Internet-based cash management, are easily accomplished via COCC’s technology platform. The company will also help the bank understand its customers’ financial service requirements, taking us from “product of the week” banking to precise product offerings that our customers really need.”

Innocenzi expects the bank to be lean in staff, and therefore highly reliant on technology to maximize efficiencies. “Digital documents, Internet banking, remote capture, bill pay, and ACH — that’s what today’s small business customers want. And that’s what COCC offers.”

Innocenzi was particularly impressed by COCC’s reference list, which was actually the entire client list. “We were told to call anybody we wanted, which was unusual,” he said. “We found a consistent theme among COCC’s customers: top quality service. That’s what we wanted for our customers at Quinnipiac Bank & Trust.”

Mark Candido added that COCC’s cooperative structure was an added benefit. “COCC is owned by its clients, not managed by Wall Street,” he said. “We found the staff to be very entrepreneurial and passionate about their client relationships, very much like we are. COCC takes responsibility for the solutions it sells, regardless of whether they are developed by COCC or a third party.”