Fitch Rates Mellon's Bank Subsidiaries 'AA-'.

CHICAGO -- Fitch Ratings has assigned long-term Issuer Default Ratings (IDRs) of 'AA-' to Mellon United National Bank and Mellon 1st Business Bank, N.A., both of which are bank subsidiaries of Mellon Financial Corporation (MEL). Fitch has also assigned these entities long-term and short-term deposit ratings, short-term issuer ratings, Individual ratings and Support Ratings. A complete list of ratings is listed below. The Rating Outlook is Stable for both banks.

Ratings are based on the fact that these banks are fully integrated into MEL's corporate framework. They also recognize the good earnings history, strong asset quality and solid capital ratios of both banks. The ratings assigned are the same as ratings assigned to Mellon's other bank subsidiaries, Mellon Bank N.A. and Mellon Trust of New England, N.A.

Fitch assigns the following ratings:

Mellon United National Bank

--Long-term Issuer Default Rating (IDR) 'AA-';

--Long-term deposits 'AA';

--Short-term issuer 'F1+';

--Short-term deposits 'F1+';

--Individual 'A/B';

--Support '3'.

Mellon 1st Business Bank, N.A.

--Long-term Issuer Default Rating (IDR) 'AA-';

--Long-term deposits 'AA';

--Short-term issuer 'F1+';

--Short-term deposits 'F1+';

--Individual 'A/B';

--Support '3'.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.