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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]
The deal was valued at $16.5 billion and under its terms, the Bank of New York's shareholders received 0.9434 shares in the new company for each share of the Bank of New York that they owned, while Mellon Financial shareholders received 1 share in the new company for each Mellon share they owned. [19] The Bank of New York and Mellon Financial ...
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 ...
Today, what remains of the First Bank of the U.S. is part of BNY Mellon, which makes that bank not only the owner of what was once America's first central bank, but also the owner of the nation'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.
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Including predecessor Bank of North America, the first bank in the United States First Union Corporation: Wells Fargo: 1998 NationsBank Corp. BankAmerica Corp. Bank of America Corp. Bank of America: 1998 Golden State Bancorp: First Nationwide Holdings, Inc. Golden State Bancorp: $5.8 billion Citigroup: 1998 Norwest Corporation: Wells Fargo Corp ...
The Bank of New York Mellon: New York City: $427 8.5% $40.03 BK 14 State Street Corporation: Boston, Massachusetts: $338 ... List of largest banks in North America;