Reading Co-Operative Bank has selected COCC's core processing services.
COCC's integrated technologies will allow bank employees to deliver high touch services. These services will be paperless to support the bank's green initiatives and will provide dashboard displays of information to increase efficiency, COCC said Thursday.
The $347 million-asset bank has seen 10% to 12% annual growth in assets since 2007 and an overall increase of 44% during the last four years. The Reading, Mass., bank is also opening two new branches in May and has redesigned its main office to encourage "consultation over transaction based banking."
"COCC enables us to be flexible as we grow our portfolio of services, particularly in the commercial arena," Julieann M. Thurlow, president and chief executive of Reading Co-operative, said in a news release. "We are especially pleased that COCC supports the advanced commercial products and services that area businesses are seeking."