Aug 2, 2021 | Press Release

StonehamBank Selects COCC as Their Next Core Technology Provider

SOUTHINGTON, Conn. – COCC is honored to announce a partnership with StonehamBank as their new core technology provider. StonehamBank, headquartered in Stoneham, MA, proudly serves its local communities, operating two branches in Stoneham and Billerica. The $688 million asset bank selected to partner with COCC for its innovative, reliable, and secure digital banking services and strong customer-centric relations.

Edward F. Doherty, Jr., StonehamBank’s Chief Executive Officer, is confident that COCC will provide StonehamBank with not only advanced banking technologies but also an incredible partnership experience. “Speaking with numerous financial institutions that work with COCC, all shared similar success stories based on the expertise, support and insight they received from the COCC team,” Mr. Doherty noted. “I was assured COCC’s dedicated team and partnership will help us achieve similar success with our digital transformation initiatives that will shape the bank of our future for our customers.”

When searching for a new core provider, StonehamBank conducted a comprehensive evaluation of potential technology partners facilitated by Crowe, LLP. They decided to partner with COCC because of the flexibility the company offers to create an online banking technology service that best suits their financial institution.
“The spirit of the Cooperative is that they really want to work with us to leverage all of the systems in order to help us meet the expanding expectations of our customer base,” said Darren Sawicki, Chief Operating Officer at StonehamBank, noting the available training and the depth of collaboration between COCC and the StonehamBank team. “We are positive COCC will create new streamlined efficiencies for our organization.”

Richard A. Leone, Chief Executive Officer at COCC, is thrilled to have StonehamBank joining the Cooperative. “COCC is excited to partner with StonehamBank as their new core technology provider. StonehamBank is dedicated to their customers and we look forward to providing the advanced banking technology StonehamBank needs to deliver the best customer service possible,” said Mr. Leone.

About StonehamBank
StonehamBank is a full-service community bank offering state of the art products and services to residents and businesses throughout eastern Massachusetts and southern New Hampshire. In addition to providing progressive products and convenience services, StonehamBank believes in making a difference in the community through its Community Involvement Program and Charitable Foundation.

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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