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Home > Company Index > Banking > Banking - Northeast > Mellon Financial Corporation

Mellon Financial Corporation
NYSE: MEL
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 NEWS FROM THE WIRES
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Aug 06 2001 11:15 PM PDT

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Jul 30 2001 09:13 AM PDT

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Jul 30 2001 08:55 AM PDT

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Jul 30 2001 08:53 AM PDT

More WIRE STORIES about this company

 PROFILE
Beneath Mellon's thick rind of banking services lurks the succulent fruit of its fee-based offerings. In recent years the company has focused on building its fee income from a growing variety of financial services like trust, global custody, and asset management. It is paring its retail banking business in Delaware, New Jersey, Pennsylvania, and Virginia in a $2 billion sale to Royal Bank of Scotland's US unit, Citizens Financial Group; Mellon is retaining its specialty and private bank branches that cater to wealthy individuals and institutional clients. Company subsidiaries include mutual fund manager Dreyfus, asset manager Boston Company, and Buck Consultants, a provider of human resources consulting services.

 COMPETITION
FleetBoston Financial Corporation (FBF)
J.P. Morgan Chase & Co. (JPM)
The PNC Financial Services Group, Inc. (PNC)

 DEALS
Deal: Trendium Grabs $25 Million in Second Round
Date Announced: 05.30.01
Value of transaction (US $Mil): 25
Description: Network software firm raises $25 million from four VC firms and angel investors.

Search all deals for this company

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 5,979.00
1-Yr. Sales Growth: (0.1)%
Employees: 25,800
Revenue per employee: $231,744.19

 KEY PEOPLE
• Martin G. McGuinn
    CEO
• Steven G. Elliott
    CFO

 CONTACT INFO
1 Mellon Center
Pittsburgh, PA 15258
US
Phone: 412-234-5000
Fax: 412-234-9495
Online: Web Site

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