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WALTER R. DAY, III NAMED CHIEF COMMUNITY INVESTMENT OFFICER AT MELLON BANK CORPORATION

 PITTSBURGH, April 29 /PRNewswire/ -- Walter R. Day, III has been named chief community investment officer and head of the newly created Community Investment Department at Mellon Bank Corporation (NYSE: MEL), according to Frank V. Cahouet, chairman, president and CEO of Mellon Bank Corporation.
 In this new position, Day, 47, will have full-time responsibility and oversight for the corporation's community investment activities and compliance with the Community Reinvestment Act (CRA), including CRA-related consumer, mortgage and small business lending; investments in affordable housing; and management of CRA policies, procedures and training. He will report to Martin G. McGuinn, vice chairman, and work closely with the Community Responsibility Committee of Mellon Bank Corporation's board of directors.
 "The creation of a Community Investment Department emphasizes the corporation's continued commitment to meeting the credit needs of all its customers, including those in the low- and moderate-income sector, small businesses and community developers. It also underscores the high priority we place on CRA compliance," McGuinn said. "Walt has played a key role in developing corporate CRA procedure and reporting standards, and, as chief community investment officer, he will bring even greater focus to CRA activities and initiatives in all of our retail banking markets."
 Day joined Mellon in 1989 as senior vice president and manager of the Consumer Loan Group in Retail Banking. He previously was the senior manager of the Retail Finance Division of NCNB, located in Greensboro, N.C.
 "Mellon Bank Corporation is dedicated to community investment as a way of doing business," Day said. "By meeting this goal, we can help to improve the economic vitality and the quality of life in the communities where we do business."
 With assets of approximately $31 billion, Mellon Bank Corporation is a major regional bank holding company. Through its subsidiaries, it provides wholesale, middle market and retail banking, as well as numerous service products including trust and investment, cash management and financial data processing.
 /delval/
 -0- 4/29/93
 /CONTACT: J.T. Tuskan of Mellon Bank, 412-234-0850/
 (MEL)


CO: Mellon Bank Corporation ST: Pennsylvania IN: FIN SU: PER

CD -- PG008 -- 2773 04/29/93 15:00 EDT
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Date:Apr 29, 1993
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