Mechanics Bank outsources core banking tech to COCC
Mechanics Bank, a small community bank in the US state of Ohio, has chosen to outsource its core banking tech to Connecticut Online Computer Centre (COCC).
COCC’s hosted core processing platform – Insight – is based on Fiserv’s DNA offering and is aimed at small banks and credit unions in the north east of the US.
Mechanics Bank joins a group of customers onboarded in 2018 in Ohio, including First Federal Savings Bank, SSB Community Bank, Fahey Bank, Baltic State Bank and Geauga Savings Bank. Elsewhere, new takers include Start Community Bank in Connecticut and Haven Savings Bank in New Jersey.
“COCC’s reputation for exceptional customer service was a key reason that Mechanics Bank included Insight within its review of core banking systems,” says Jason Painley, CFO of Mechanics Bank.
“Through comprehensive due diligence, our dedicated Mechanics Bank team confirmed that COCC’s culture of customer orientation matched our own.”
Mechanics Bank also sought a new core partner that would continue to grow, improve, and innovate in the face of a changing industry, he adds.
The $517 million bank provides retail and business banking and also wealth management services and has its history dating back to 1886.
It emphasises that “banking is about more than just money and numbers, but ultimately, it’s all about people”. Its mission and guiding principles are “simple yet dynamic because they can be applied to any situation, not just at Mechanics but in everyday life and in the communities the bank serves”. It’s a way of life, the bank says, that is often referred to as “the Mechanics way”.