Mellon Financial Corporation, was one of the world's largest money management firms. Based in Pittsburgh, Pennsylvania, it was 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. On December 4, 2006 it announced a merger agreement with Bank of New York, to form The Bank of New York Mellon. After regulatory and shareh...
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Mellon Financial Corporation, was one of the world's largest money management firms. Based in Pittsburgh, Pennsylvania, it was 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. On December 4, 2006 it announced a merger agreement with Bank of New York, to form The Bank of New York Mellon. After regulatory and shareholder approval, the banks completed the merger on July 2, 2007.
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.
Mellon Bank was the driving force behind the vast majority of the mass production revolution, especially in the Midwestern United States. The Mellon family using the bank as a proxy had direct involvement with founding the modern aluminium, oil, consumer electronics and financial industries. Alcoa, Gulf...
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