Bank News

Rey Giallongo Elected to COCC’S Board of Directors

COCC’s shareholders have elected Rey Giallongo to serve on their board of directors for a term of three years. Giallongo, chairman and CEO of First County Bank, a $1.3 billion mutual community bank headquartered in Stamford, is one of nine COCC clients that comprise the company’s board of directors. COCC is a co-operative technology service provider owned by its clients since its founding in 1967.

“I am delighted to serve on COCC’s board of directors and look forward to providing insights and guidance that will help this premier organization continue its outstanding service to financial institutions throughout the northeastern United States,” said Giallongo. “First County Bank has partnered with COCC for more than 40 years, during which time we have enjoyed the company’s ever more powerful portfolio of next generation technology services and equally impressive support. I will join my fellow board members in helping COCC take maximum advantage of its technology services.”

Giallongo brings 35 years of banking experience, including 10 years at First County Bank, to COCC’s board of directors. Under his leadership, the bank, located 30 miles from New York City, is setting new standards for service. First County Bank’s commitment to residential lending resulted in its being named one of the “Fast 50” residential lenders by The Commercial Record in 2012. Tailored wealth management delivered by its First County Advisors division as well as innovative business banking services delivered via multiple channels are also contributing to the bank’s steady growth in assets – 18 percent in the past five years alone. Through aggressive advertising and social media initiatives, First County Bank is becoming known as the community bank that delivers innovation and responsive service.

Giallongo is vice chairman and a member of the board of commissioners of the Stamford Downtown Special Services District, a board member of the Business Council of Fairfield County, and serves as board member and secretary of the Housing Development Fund. He is an independent member of the board of directors of The F.A. Bartlett Tree Expert Co., a privately owned, multi-national tree care company headquartered in Stamford.

In addition, Giallongo provides advice to The Ferguson Library and The Boy’s and Girl’s Club of Stamford as a citizen advisor. He also volunteers at Puppies Behind Bars, a New York-based nonprofit.

“Rey Giallongo is a talented and exciting addition to our board,” said Richard A. Leone, president and CEO, COCC. “He will provide valuable input on the needs of community banks that are differentiating themselves in competitive markets dominated by large, international banks. Understanding which strategic technologies and support solutions will best serve our successful, innovative clients will help our co-operative continue its record growth in the years ahead. I look forward to exploring tomorrow’s needs and options with Rey as we move forward in our partnership.”

COCC is an award-winning core processing service for financial institutions throughout the northeastern United States. One of the fastest growing companies of its kind in the nation, COCC recently earned praise from its Massachusetts clients who voted the company #1 in banking technology in 2012. COCC has also been recognized as a 2011 and 2012 top workplace by the Hartford Courant and Fox CT, and is a member of this year’s Fintech 100 and Inc. 5000. This client-owned company provides a complete suite of innovative outsourced technology services based on an open, relational processing platform. With clients as owners, service comes first. For more information, please visit www.cocc.com.

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