Dime Bancorp and Anchor Bancorp jointly announced their intent to use software from Systematics Financial Services Inc. for their core retail deposit system after the completion of their merger.

Systematics, based in Little Rock, Ark., will begin replacing the banks' existing retail systems when the merger, which has received regulatory and shareholder approval, is completed next month. The merged bank, to be called Dime Bancorp, will have assets of about $20 billion. Financial terms of the software deal were not disclosed.

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