Overall, it was a very good year for publicly held bank technology companies, as most firms tracked by the American Banker had double-digit percentage increases in their stock prices.

While the Standard & Poor's 500 index declined 2% in 1994, over a dozen financial systems vendors gained ground by significant and sometimes eye- popping margins.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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