Nov 18, 2020 | Conversions, Press Release

Lake Shore Savings Bank Signs with COCC for Efficient and Flexible Technology

SOUTHINGTON, Conn. – COCC, a leading provider of next generation technology services for financial institutions, is proud to announce its new partnership with Lake Shore Savings Bank as the bank’s core technology provider. Headquartered in Dunkirk, N.Y., Lake Shore serves the communities of Western New York with 11 locations along Lake Erie, including Buffalo. The bank, with $682 million in total assets, chose COCC to improve efficiency and flexibility with a cost-effective and state-of-the-art solution.

“With a more user-friendly and robust, real-time system, our employees can focus on customer needs,” Lake Shore Chief Financial Officer Rachel Foley said.

According to Lake Shore Chief Executive Officer and President Daniel Reininga, the partnership with COCC will support the bank’s mission of putting people first. “This means helping customers, energizing employees, respecting shareholders, and serving our community. These are the same values we saw within COCC.”

“We are thrilled to partner with Lake Shore Savings Bank, an institution whose message of putting people first aligns so closely with our own core values,” Richard A. Leone, Chief Executive Officer of COCC commented. “I am confident that COCC will be able to help Lake Shore Savings Bank to serve its communities with leading-edge technology.”

“With COCC as a strong foothold,” Mr. Reininga concluded, “we’ll be better able to compete with the larger banks in our area.”

 

About Lake Shore Savings Bank

Lake Shore Bancorp, Inc. (NASDAQ Global Market: LSBK) is the mid-tier holding company of Lake Shore Savings Bank, a federally chartered, community-oriented financial institution headquartered in Dunkirk, N.Y. The Bank has 11 full-service branch locations in Western New York, including five in Chautauqua County and six in Erie County. The Bank offers a broad range of retail and commercial lending and deposit services. The Company’s common stock is traded on the NASDAQ Global Market as “LSBK.” To learn more, visit www.lakeshoresavings.com.

 

About COCC

COCC is an award-winning client-owned financial technology company servicing financial institutions throughout the Northeastern United States. Launched in 1967, COCC was founded by its clients. This unique cooperative structure has set COCC apart from the competition and is one of the driving forces behind their success. COCC is recognized as a leader in delivering innovation and the quality service financial institutions demand and deserve.

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