First Virginia Banks Inc. is installing a computer network based on the OS/2 operating system from International Business Machines Corp.

Under a contract valued at $16 million, IBM will replace the bank company's mainframe-based system with a local area network in each of its 354 branches.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.