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Mellon was opened in January 1870 by Thomas Mellon and his sons Andrew Mellon and Richard B. Mellon, as T. Mellon & Sons' Bank. In 1902, the institution became Mellon National Bank. Mellon Bank was an important force in the mass production revolution in the United States, especially in the Midwest. [citation needed] The Mellon family using the ...
In 1902, T. Mellon & Sons' name was changed to the Mellon National Bank. [79] In 1946, the firm merged with the Union Trust Company, a business founded by Andrew Mellon in 1899, and other affiliated financial firms. The newly formed organization was named the Mellon National Bank and Trust Company, and was Pittsburgh's first US$1 billion bank. [81]
On July 1, 2007, The Bank of New York Company, Inc. and Mellon Financial Corporation merged to form a new company BNY, one of the world's largest global asset management and securities services companies. [5] The reach of Dreyfus' distribution capabilities now extends to the resources of BNY and its exclusive network of institutional asset ...
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Chemical Bank & Trust Co. National Safety Bank & Trust Co. of NY Chemical Bank & Trust Co. JPMorgan Chase: 1952 Equitable Trust Company: Security Trust Company: Equitable Security Trust Company [16] PNC Financial Services: 1952 County Trust Company of White Plains, N.Y. Mount Vernon Trust Company: County Trust Company [17] BNY Mellon: 1954 ...
This is the second in a series of five articles covering Bank of America's legal problems since the financial crisis. Links to the rest of the series are at the bottom of this article.
The New York-based bank also reported earnings per share of $1.50, up 22% year-over-year, generated a record $3.4 billion in fees, up from $3.2 billion in Q3 of last year, and had a net income of ...
CIBC Mellon is a joint venture founded in 1996 between the Canadian Imperial Bank of Commerce (CIBC) and then Mellon Financial Corporation to offer asset servicing to institutional investors. Based in Toronto, Ontario, Canada, it comprises two sister companies, CIBC Mellon Trust company and CIBC Mellon Global Securities Services Company.