November 06, 2008 Salem Co-operative Bank (Salem, N.H.) has converted to an outsourced version of Oracle Financials from Avon, Conn.-based COCC, a provider of technology services for financial institutions. The solution will support the bank's accounting functions.

According to COCC, Salem Co-operative Bank has seen improvements in information access and efficiency through its partnership with COCC. The bank recently began a commercial lending division to extend its successful mortgage business which produced a 90 percent increase in assets over the past 10 years.