Fintech COCC Names TruNorth Bank’s Sosik as Chairman

TruNorth Bank Chief Executive Officer Matthew S. Sosik has been named chairman of the board of directors of COCC, a major financial technology company based in Connecticut. Sosik, who has been a member of COCC's board since 2020, is taking over as chairman from COCC President and CEO Richard A. Leone, who reached the end of his term as board chair.

Sosik brings decades of banking and executive leadership experience to his new role as chairman. He began his banking career with the FDIC, joined the former bankHometown in 1996 and the former bankESB in 2013, and helped to establish Hometown Financial Group through the banks' merger. Sosik then led the company's growth through organic expansion, mergers, and acquisitions, and established the unified TruNorth Bank earlier this year. The $6.9 billion bank is headquartered in Easthampton with 54 locations throughout Massachusetts, northeastern Connecticut, and southern New Hampshire.

For years, Sosik has been both a customer and an advisor to the 60-year-old fintech cooperative, which is owned by the Northeast and Midwest lenders that use its core banking systems, payments technology, and digital banking services. In addition to his new role as chairman, Sosik will continue serving on COCC's Planning & Finance and Personnel Committees.

"I'm honored to take on the role of chairman and look forward to building on COCC's strong tradition of partnership with financial institutions," said Sosik. "Together, we can ensure that COCC's services continue to evolve alongside the financial needs and goals of financial institutions and their customers."

Sosik earned a bachelor's degree in economics and finance from Bentley University and is a lifelong resident of Sturbridge.

In the Photo
Matthew S. Sosik, Chief Executive Officer, TruNorth Bank