Cheviot, Ohio-based Cheviot Savings has selected COCC's (Avon, Conn.) open core processing platform, check image exchange, Oracle Financials, and more data processing services supported by COCC. The move is intended to increase the bank's efficiency as it continues to grow. Cheviot Savings is the fourth community bank in Ohio to select COCC this year. The bank is a local financial institution offering complete banking services for residents of Southwestern Ohio, southeastern Indiana and northern Kentucky. The bank changed its name from Cheviot Building and Loan Company to Cheviot Savings Bank in 2003.
Changes in Cheviot's market precipitated a shift in banking activity from teller-dominated transactions to electronic. Today, 60 percent of the bank's transactions are electronic.