Southern Hills Community Bank and Ripley Federal Savings Bank to unite on COCC core banking tech
Tech in the USA
Two small banks in the US state of Ohio, Southern Hills Community Bank and Ripley Federal Savings Bank, are to merge. The consolidated entity (with the assets of $150 million) will outsource its core processing operations to Connecticut Online Computer Centre (COCC).
Jeffrey Cloud, president and CEO of Southern Hills explains the bank opted for COCC because of the vendor’s focus on community banks.
Another factor was its customer service, he adds. “We appreciate the responsiveness of COCC during our contract negotiations.
“COCC worked to provide us with a mutually beneficial arrangement that truly meets our pricing needs.”
Established back in 1967 in Connecticut, COCC provides software and services to small banks and credit unions in the north east of the US.
Its hosted platform is based on Fiserv’s DNA core system.
Earlier this year, the vendor signed Abington Bank, Boston Firefighters Credit Union and St Mary’s Credit Union.
However, it lost MountainOne Bank as the bank moved to rival D+H Corporation’s PhoenixEFE core platform.
