CoreStates Financial Corp. of Philadelphia, one of the ripest big banks on the merger grapevine, announced a 10-year technology commitment Wednesday that a takeover target would not normally be expected to make.

Effective today, CoreStates is handing Andersen Consulting responsibility for about 40% of its technology tasks, including development and maintenance of software applications and efforts to avoid the feared year-2000 glitches.

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.