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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]
In 1994, Dreyfus completed its landmark merger with Mellon Bank Corporation, and became a wholly owned subsidiary of Mellon Financial Corporation. The merger, a milestone in the history of financial services in the United States, was at the time the largest-ever combination of a bank and mutual fund company. [4] [2] [3]
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 ...
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It operated continuously as an independent bank until 1983, when it was bought by Mellon Bank. ... The Motley Fool recommends Wells Fargo and owns shares of ArcelorMittal, Wells Fargo, and Sturm ...
Upon his death in 1831, his own bank passed to a trust according to his will. Merchants of the city chartered the Girard Bank to buy the banking assets from the trust and carry on the business. [ 4 ] Ironically, in view of its history, Girard Bank was one of the pet banks to which Treasury Secretary Roger B. Taney transferred the government's ...
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.