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Encyclopedia > Mellon Financial Corporation

Mellon Financial Corporation, NYSE: MEL based in Pittsburgh, Pennsylvania, is engaged in the business of institutional and high-net-worth-individual asset management, including the Dreyfus family of mutual funds; business banking; and shareholder and investor services. Image File history File links Mellon Financial Corporation logo File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) is the second largest stock exchange in the world. ... Nickname: The Steel City Location in Pennsylvania Founded  -Incorporated 1758   County Allegheny County Mayor Tom Murphy (Dem) Area  - Total  - Water 151. ... The central idea of a mutual fund is to enable investors to pool their money and place it under professional investment management. ... For other uses, see Bank (disambiguation). ... A shareholder or stockholder is an individual or company (including a corporation), that legally owns one or more shares of stock in a joint stock company. ... Investment is a term with several closely related meanings in finance and economics. ...


Mellon was founded in 1869 by Thomas Mellon and his sons Andrew W. Mellon and Richard B. Mellon, as T. Mellon & Sons' Bank. In 1902, the institution became Mellon National Bank. 1869 is a common year starting on Friday (link will take you to calendar). ... Thomas Mellon (1813-1908) was the founder of the Mellon banking organization as well as the father of Andrew William Mellon and Richard B. Mellon. ... Formal portrait of Mellon Andrew William Mellon (March 24, 1855–August 27, 1937) was an American banker, industrialist, philanthropist, art collector and Secretary of the Treasury from March 4, 1921 until February 12, 1932. ... Richard B. Mellon was the brother of Andrew W. Mellon. ... 1902 was a common year starting on Wednesday (see link for calendar). ...


In 1929, Richard founded Mellbank Corporation. In 1946, Mellon National, Mellbank, and the Union Trust Company merged to form Mellon National Bank and Trust Company. 1929 was a common year starting on Tuesday (link will take you to calendar). ... 1946 was a common year starting on Tuesday. ...


A reorganization in 1972 brought about a name change to Mellon Bank, N.A. and the formation of a holding company, Mellon National Corporation. 1972 was a leap year that started on a Saturday. ...


In 1983, Mellon bought Girard Bank of Philadelphia and Central Counties Bank of State College, Pennsylvania. The next year, Mellon National Corporation became Mellon Bank Corporation, and purchased Northwest Pennsylvania Corporation of Oil City, Pennsylvania. 1983 is a common year starting on Saturday of the Gregorian calendar. ... Philadelphia is a village located in Jefferson County, New York. ... State College is a borough located in Centre County, Pennsylvania. ... Oil City is a city located in Venango County, Pennsylvania. ...


In 1986, Mellon bought Commonwealth National Financial of Harrisburg, Pennsylvania. Four years later, in 1990, Mellon bought 54 branch offices of Philadelphia-based PSFS, the first savings bank in the United States, founded in 1819. 1986 is a common year starting on Wednesday of the Gregorian calendar. ... Dowtown Harrisburg and the Susquehanna River Pennsylvania State Capitol Building Harrisburg is the capital of Pennsylvania, a state of the United States of America. ... 1990 is a common year starting on Monday of the Gregorian calendar. ... PSFS, or the Philadelphia Savings Fund Society, was the first savings bank in the United States. ... 1819 was a common year starting on Friday (see link for calendar). ...


In 1991, Mellon bought United Penn Bank of Wilkes-Barre, Pennsylvania. The next year, Mellon acquired the rest of PSFS, whose parent company had become insolvent. 1991 is a common year starting on Tuesday of the Gregorian calendar. ... Wilkes-Barre (pronounced wilkes-berry, wilkes-bear-ah or wilkes-bear, and most often by non-natives as wilkes-bar) is a city located in Luzerne County, Pennsylvania. ...


In 1993, Mellon bought The Boston Company from American Express and AFCO Credit Corporation from The Continental Corporation. The next year, Mellon merged with The Dreyfus Corporation, bringing its mutual funds under its umbrella. 1993 is a common year starting on Friday of the Gregorian calendar and marked the Beginning of the International Decade to Combat Racism and Racial Discrimination (1993-2003). ... American Express NYSE: AXP is a diversified global financial services company headquartered in the United States. ...


1998 saw Mellon's purchase of United Bankshares, Inc., of Miami, 1st Business Bank of Los Angeles, and FOunders Asset Management. 1998 is a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean. ... This article is about the city in Florida. ... The City of Los Angeles (from Spanish Los Ángeles , meaning the angels), also known as L.A., is the second-largest city in the United States in terms of population, as well as one of the worlds most important economic, cultural, and entertainment centers. ...


In 1999, Martin G. McGuinn became chairman and chief executive officer of Mellon Bank Corporation. Mellon Bank Corporation then became Mellon Financial Corporation. Two years later, it sold its retail banking operations to Citizens Financial Group. 1999 is a common year starting on Friday of the Common Era, and was designated the International Year of Older Persons by the United Nations. ...


In 2004, Mellon announced it would purchase Safeco Trust Company from Seattle-based Safeco Corporation. 2004 is a leap year starting on Thursday of the Gregorian calendar. ... City nickname Emerald City City bird Great Blue Heron City flower Dahlia City mottos The City of Flowers The City of Goodwill City song Seattle, the Peerless City Mayor Greg Nickels County King County Area   - Total   - Land   - Water   - % water 369. ... Safeco Corporation (NASDAQ: SAFC) is a major US-American national insurance company. ...


Subsidiaries

Dreyfus Corporation is a leading mutual fund financial firm founded in 1951. ...

External links


  Results from FactBites:
 
Mellon Financial Corporation Business Information, Profile, and History (3816 words)
Although Thomas Mellon died in 1908, his sons, Andrew and Richard, were able to build upon their father's foundation to create the giant that would eventually play a key role in fueling industry throughout Pennsylvania and most of the rest of the country.
Mellon's knack for giving sound advice to its customers, together with its ability to maintain sufficient liquidity and one of the highest ratios of cash to deposits in the nation, played a major role in the bank's survival through the 1930s.
Mellon Financial Corporation, based in Pittsburgh, Pennsylvania, is engaged in the business of institutional and high-net-worth-individual asset management, including the Dreyfus family of mutual funds; and shareholder and investor services.
Mellon418 (181 words)
Mellon was founded in 1869 and acquired The Boston Company in 1993, and Dreyfus in 1994.
A service mark of Mellon Financial Corporation, MPAM is used to describe a division and a group of investment and wealth management services delivered to individuals, families, family offices, endowments and foundations.
Today, Mellon Financial Corporation is one of the nation's largest investment managers and represents the combined strengths of Mellon Bank, The Boston Company and The Dreyfus Corporation.
  More results at FactBites »

 
 

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