Jun 4, 2015 | Press Release

People’s United Bank Extends Long-Term Agreement with COCC

PUB[1]Relationship launched in 2006 extended to 2019

COCC, a client-owned leading provider of banking technology solutions for community banks and credit unions across the Northeast, today announced the signing of an extension of the services agreement with People’s United Bank, National Association (Nasdaq: PBCT ).

People’s United Bank first retained COCC in 2006 to manage items processing and statement rendering processes.  Over the years the relationship has grown, and the scope of services COCC offers the bank has matured and expanded.

COCC Chief Operating Officer, Joe Lockwood commented, “We are honored to extend the relationship we have developed with People’s United for close to a decade.  Working in cooperation together has resulted in a strong and sustainable collaboration.”

 “COCC brings extensive experience in bank technology solutions,  which allows People’s United to continue to provide the superior customer service that is the foundation of our culture,” said Dee Lemnah, Senior Vice President, Deposit Operations at People’s United Bank.

Rich Leone, President & Chief Executive Officer of COCC stated, ”At COCC we commit ourselves to the highest levels of service which result in long term relationships such as the one we have enjoyed with People’s United. With this extension we look forward to continuing our work together for another four years.”

About COCC

COCC is an award winning client-owned financial technology company servicing financial institutions throughout the Northeastern United States for over 47 years. 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 the fastest growing financial data processing company in the United States and recognized as a leader in delivering innovation and the quality service financial institutions demand and deserve. For more information, please contact Betsy Didan at betsy.didan@cocc.com or at 860.678.0444.

About People’s United Bank

People’s United Bank is a subsidiary of People’s United Financial, Inc., a diversified financial services company with $36 billion in assets. People’s United Bank, founded in 1842, is a premier, community-based, regional bank in the Northeast offering commercial and retail banking, as well as wealth management services through a network of over 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine. For more information, please contact Valerie Carlson at Valerie.Carlson@peoples.com or at 203.338.2351.

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