BankAmerica Corp. is close to purchasing software from Premier Systems Inc., five years after a previous megaproject with the vendor ended in ruins.

Bank officials said a contract with Premier for a $30 million securities processing system has not yet been signed, but they added that Premier is the only outside supplier under consideration.

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.