Technology partnership for mutual savings bank to enhance commitment to customers.

Newtown Savings Bank logo with tagline: The Power of LocalSOUTHINGTON, Conn. (September 1, 2022) – Newtown Savings Bank became the latest community bank to choose COCC’s modern banking technology. Headquartered in Newtown, CT, the $1.8 billion-asset bank operates 15 locations in Connecticut. The Bank chose COCC as its technology partner, not only for COCC’s outstanding and proven technology, but also for its genuine and demonstrable commitment to their clients.

Newtown Savings Bank was searching for a real-time core technology solution, backed by a partner that would offer a trusted partnership relationship. “COCC’s business model goes beyond providing compelling technology that supports and delivers,” said Ken Weinstein, President and Chief Executive Officer at Newtown Savings Bank. “The cooperative ownership structure of COCC is a great fit with our values and priorities as a mutual savings bank.”

COCC’s focus on the optimum user experience was a big differentiator for the bank, and will help to improve operations, from training and onboarding, through delivering an outstanding customer experience, as well as optimizing back-office processes.

“We are excited to have Newtown Savings Bank join our Cooperative,” said Richard A. Leone, Chairman and Chief Executive Officer at COCC. “We look forward to delivering our next generational technology to Newtown and providing an exceptional client relationship.”

About Newtown Savings Bank

Newtown Savings Bank is a community bank headquartered in Newtown, Connecticut, with over $1.8 billion in assets. For over 167 years the Bank has been deeply invested in the customers and communities that it serves. The Bank has 15 branches in Newtown, Bethel, Bridgeport, Brookfield, Danbury, Monroe, Oxford, Shelton, Southbury, Trumbull, and Woodbury, along with the New Haven Regional Lending Center in Hamden, CT. For more information and location details visit NSBonline.com.