Taunton, MA – The Board of Directors and Executive Leadership Team of Mechanics Cooperative Bank are pleased to announce that we have selected a new core system provider for the benefit of our customers. This new system will bring together a wide-range of proven and specialized upgrades to create a more supportive and efficient customer experience.

Mechanics Cooperative Bank’s significant investment is aimed solely at improving the products and services available to our customers, with a complete solution built on modern architecture and technology. This comprehensive platform will help provide all Bank staff with exceptional insight for improved customer service and an overall better customer experience.

“By upgrading our core technology, we are making a long-term commitment to our customers.” said Joseph T. Baptista Jr., President and Chief Executive Officer, Mechanics Cooperative Bank. “This is an investment in our future that will help us provide better service and cutting edge products to deliver an overall better banking experience. Working with Finastra, we have selected not only a technology vendor, but a software system that will help ensure our customers’ needs and expectations and remain our top priority.”

We expect our customers to see a majority of these upgrades in early 2019. We are excited for this opportunity to improve our service and ensure our customers continue to have access to the most advanced banking products available in the banking industry.

Our top priority through this process will be to ensure that all our customers are well informed throughout the conversion. Again, we are absolutely thrilled to share this exciting news.

For further information please contact:

John McMahon
Vice President, Marketing

T: 508-454-5038
E: jmcmahon@mechanics-coop.staging.cocci.com


About Finastra:

Finastra unlocks the potential of people and businesses in finance, creating a platform for open innovation. We provide the broadest portfolio of financial services software in the world today—spanning retail banking, transaction banking, lending, and treasury and capital markets. Our solutions enable customers to deploy mission critical technology on premises or in the cloud. Our scale and geographical reach means that we can serve customers effectively, regardless of their size or geographic location—from global financial institutions, to community banks and credit unions. Through our open, secure and reliable solutions, customers are empowered to accelerate growth, optimize cost, mitigate risk and continually evolve to meet the changing needs of their customers. 48 of the world’s top 50 banks use Finastra technology. Please visit www.finastra.com.

About Mechanics Cooperative Bank:

With total assets of $580 million, Mechanics Cooperative Bank offers a wide variety of personal and business deposit and loan products. As a Massachusetts co-operative bank, 100% of customers’ deposits are always fully insured. Established in 1877, Mechanics Cooperative Bank is Massachusetts’ second-oldest co-operative bank with eight conveniently located branches in Bridgewater, Taunton, North Dighton, Somerset, Swansea, Fall River and Westport. For more information, call 1-888-MECHANICS (632-4264) or visit Mechanics-Coop.com. Member FDIC. Member SIF. Equal Housing Lender.