St. Paul Bancorp, a Chicago thrift, has signed a licensing agreement with Electronic Data Systems Corp. to deploy its Miser software for all core applications.

EDS will convert the $5.9 billion-asset thrift company's 65 locations to the Unisys-based Miser product from its current IBM-based in-house system. It also will convert 12 branches of $700 million-asset Beverly Bank, which St. Paul recently acquired.

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