Liberty Bank in Middletown, Conn., has chosen COCC in Avon, Conn., to replace its in-house core banking system with COCC's outsourcing service, the vendor announced last week.
COCC, a cooperatively owned core processing outsourcer that primarily serves community banks and credit unions in New England, said Liberty spent more than a year comparing the capabilities of technology vendors nationwide.
The system conversion was scheduled for mid-2010, said the vendor, which once was known as Connecticut On-Line Computer Center Inc.