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Successful community banks such as
Needham Bank never rest on their
laurels. They press partners such as
COCC to show them new ways to get the
most out of the technology available to
them. Staying ahead of the pack keeps
Needham Bank fresh and new business
flowing its way.
We see a tremendous influx of good local
businesses and consumers with solid
finances who just want to be served.
Thanks to our partnership with COCC, we
can give these customers every product
that the biggest banks offer plus the
flexibility and expertise of a local,
portfolio lender.
Our results are strong. Our assets and
deposits have increased by 230% since
2005, and there is plenty more
opportunity in this market.
Yet we never forget that this business
is based on referrals, which requires
high maintenance and constant
improvement. To keep us sharp, we invite
COCC to tell us how we can use their
products more efficiently. With the
latest technology and the staff to
support it, COCC is working as hard as I
am to help build on Needham Bank’s
success.
ASSETS:
$1 Billion
MEMBERS:
140,000 members
SUCCESS:
Assets and deposits increased by 230%
since 2005 while the bank’s efficiency
ratio reached 56%. |
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Jack McGeorge
President and CEO
Needham Bank |
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