COCC PARTNERS WITH STRUNK & ASSOCIATES TO PROVIDE OVERDRAFT PRIVILEGE(SM) PROGRAM

AVON, CT and HOUSTON, TX - June 2, 2003 - COCC Inc, a leading provider of open and integrated technology solutions to community banks in the Northeastern US, and Strunk & Associates, L.P., creators of the market-leading Overdraft Privilege(SM) program, today announced a three-year agreement to enable COCC's community bank customers to benefit from Strunk's leading overdraft solution.

"Strunk's Overdraft Privilege program further strengthens our best-of-breed service suite, which delivers superior market solutions in a low cost, seamless service environment," said Richard A. Leone, president and CEO of COCC. "Today, COCC and Strunk share several customers across the Northeast. We look forward to expanding the use of this attractive solution to more of COCC's customers so they can offset today's shrinking margins with non-interest fee income."

Under today's agreement, COCC will offer its customers the opportunity to leverage its industry-leading core processing solutions and Strunk's Overdraft Privilege program to generate Non-Interest or fee-based income from overdraft transactions. As a deposit solution, Strunk's Overdraft Privilege program enables community financial institutions to extend overdraft services to their entire customer or member base as a non-contractual courtesy. Unlike traditional overdraft protection programs, which draw from existing customer or member funds or require a pre-approved credit line, Strunk's solution is a discretionary program that can be applied to virtually all of a financial institution's customers or members, providing a new channel for generating fee income from insufficient funds (NSF), while enabling the end-user to reduce their total NSF fees and eliminate the bother and stigma associated with "bounced" checks.

"Our program gives financial institutions the opportunity to extend a non-contractual courtesy for NSF," said Bill Strunk, chairman of Strunk & Associates. "While traditional overdraft programs only penetrate 10 to 15 percent of an institution's customers, Strunk's discretionary Overdraft Privilege solution can be applied to more than 90 percent of customers. That represents a significant opportunity to boost fee-based revenue. We look forward to extending that opportunity to COCC's current and future clients." COCC's community bank customers can use Overdraft Privilege to extend discretionary deposits for all electronic and paper transactions - including checks, debit cards, ATM and ACH transactions. As part of Strunk's service, the Overdraft Privilege solution is continually reviewed to ensure its compliance with state and federal requirements.