In 2006 Mellon agreed to be acquired by The Bank of New York Company, Inc.

What happened to Mellon Bank?

Mellon Bank Corporation then became Mellon Financial Corporation. Two years later, it sold its retail banking operations to Citizens Financial Group. In 2004, Mellon announced it would purchase Safeco Trust Company from Seattle-based Safeco Corporation.

What does Mellon mean?

friend
Mellon (meaning “friend”) is the password to enter Moria in the novel The Lord of the Rings.

What does Bank of New York Mellon do?

The Bank of New York Mellon Corporation is a global investments company, which is focused on helping its clients manage and service their financial assets throughout the investment lifecycle. It provides financial services fo r institutions, corporations or individual investors.

When did BNY Mellon change its name to Mellon Bank?

The bank formed the first dedicated family office in the United States in 1971. A reorganization in 1972 led to the bank’s name changing to Mellon Bank, N.A. and the formation of a holding company, Mellon National Corporation. Mellon Bank acquired multiple banks and financial institutions in Pennsylvania during the 1980s and 1990s.

When did BNY Mellon merge with Dreyfus Corporation?

In 1993, Mellon acquired The Boston Company from American Express and AFCO Credit Corporation from The Continental Corporation. The following year, Mellon merged with the Dreyfus Corporation, bringing its mutual funds under its umbrella. In 1999, Mellon Bank Corporation became Mellon Financial Corporation.

When did Mellon National Bank and Trust Company merge?

In 1902, T. Mellon & Sons’ name was changed to the Mellon National Bank. The firm merged with the Union Trust Company, a business founded by Andrew Mellon, in 1946. The newly formed organization resulting from the merger was named the Mellon National Bank and Trust Company, and was Pittsburgh’s first US$1 billion bank.