Sep 30, 2020 | Press Release

Centreville Bank Chooses COCC As New Technology Partner

Southington, Conn. – Centreville Bank has announced that it has chosen to partner with COCC as its core banking technology provider. The Bank, headquartered in West Warwick, R.I., made the selection based on COCC’s next generation technology, cooperative structure, and focus on client satisfaction.

Founded in 1828, Centreville Bank has steadily grown to more than $1.9 billion in assets today. Earlier this year, Centreville completed the acquisition of Putnam Bank, a likeminded community bank with a long history of local service and support, expanding their branch network to 15 locations across Rhode Island and Connecticut.

“We are excited to be able to introduce new technology and features that will enhance the overall banking experience for our customers,” said Jillian DeShiro, Executive Vice President at Centreville Bank. “COCC’s personal nature has made them the perfect teammate to help support our ongoing initiatives throughout the organization and reinforce our commitment to putting the needs of the customer first.”

As an institution poised for future growth, the bank was seeking a collaborative partner that would not only provide the necessary technology, but also listen to its needs as a company. “The cooperative ownership of COCC is appealing to us as a mutual bank,” Ms. DeShiro commented. “Knowing that the Board of Directors is made up of clients lets us know that our voice will be heard.”

“For more than 50 years, our cooperative has focused on our clients and their success,” Richard A. Leone, Chief Executive Officer of COCC added. “In this partnership with Centreville Bank, we are excited to help them grow and serve their community.”

 

About Centreville Bank

Founded in 1828 and headquartered in West Warwick, Rhode Island, Centreville Bank is a full-service mutual bank operating through eight branch locations in Coventry, Cranston, East Greenwich, Narragansett, North Kingstown, Warwick, West Greenwich, and West Warwick. In addition, Putnam Bank in Putnam, Connecticut, operates as a division of Centreville Bank and serves the Eastern Connecticut market. Centreville currently has total assets of over $1.8 billion.

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