Ripples from the bank merger wave are reaching the niche business of providing administrative services to bank-managed mutual funds.

About a dozen administrators-ranging from big bank technology providers such as Bisys Group and First Data Corp. to boutique firms such as Funds Distributor Inc.-serve 111 banks that manage their own mutual funds. These banking companies are mostly large, and they include such active acquirers as NationsBank Corp. and First Union Corp.

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.