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The Walton Mansion housed the Bank of New York from 1784 to 1787. The Bank of New York was formed following a June 1784 meeting at a coffee house on St. George's Square. [1] The bank operated without a charter for seven years. [2] The bank opened on June 9, 1784, with Alexander McDougall as the first president and William Seton as Cashier.
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]
In 2009, BNY Mellon IM acquired Insight Investment from Lloyds Banking Group for £235m. [8] In the same year BNY Mellon IM acquired a 20% stake in Siguler Guff. [9] In early 2010, BNY Mellon IM closed its fund of hedge funds, Ivy Asset Management.
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It took BNY 240 years to pass $50 trillion in assets under custody and administration, reaching 52.1 trillion as of September 30, according to it’s quarterly report out today, and by doing so ...
[5] [6] Per the deal, the new Board of Directors is composed of ten directors appointed by the Bank of New York, and eight by Mellon. [7] The merger was completed July 1, 2007, as The Bank of New York Mellon. Headquartered in New York, it is the world's largest securities servicing firm and one of the world's top ten asset managing firms.
Expansion outside New England began in 2001, when RBS purchased the retail banking division of Mellon Financial Corporation in Pennsylvania, New Jersey and Delaware for $2 billion. At one stroke, Citizens Bank became the second-largest bank in Pennsylvania, and a major bank in both Philadelphia and Pittsburgh .
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