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.

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