Printer Friendly

MELLON ESTABLISHES PHILADELPHIA CORPORTATE TRUST OFFICE

 MELLON ESTABLISHES PHILADELPHIA CORPORTATE TRUST OFFICE
 PITTSBURGH, Aug. 24 /PRNewswire/ -- Mellon Bank Corporation (NYSE: MEL) today announced the opening of an office in Philadelphia to provide corporate trust services to the Philadelphia and eastern Pennsylvania areas.
 Located in Mellon Independence Center, the new office is managed by Joseph Progar, formerly of Mellon's Corporate Trust office in Pittsburgh. Progar, 36, will direct a staff of five sales and administration personnel who will complement the existing operations staff in providing a full range of corporate trust services including bond trusteeships, escrow and paying agent services.
 "The establishment of the Philadelphia office highlights our commitment to the eastern Pennsylvania area," said Daryl Zupan, first vice president and head of Corporate Trust for Mellon. "And although Mellon provided a full array of corporate trust services to customers in that region through our Pittsburgh office, having a local presence certainly increases customer convenience."
 According to Peter J. Germanowski, director of Marketing Sales for Mellon's Corporate Trust Department, opening the new office will serve to strengthen Mellon's position as a market leader in Corporate Trust in Pennsylvania.
 Mellon Bank is the leading provider of Corporate Trust Services in Pennsylvania and has been providing corporate trust services for more than 85 years. Today Mellon services more than 2,400 corporate trust accounts and acts as trustee for over $20 billion in outstanding debt.
 With assets of approximately $30 billion, Mellon Bank Corporation is a major superregional bank holding company. Through its subsidiaries, it provides wholesale, retail and middle market banking as well as numerous service products, including trust and investment, cash management and financial data processing.
 /delval/
 -0- 8/24/92
 /CONTACT: Debra DeCourcy of Mellon Bank, in Pittsburgh, 412-234-5873/
 (MEL) CO: Mellon Bank Corporation ST: Pennsylvania IN: FIN SU:


DM -- PG007 -- 2630 08/24/92 14:03 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 24, 1992
Words:302
Previous Article:AMTECH AND MOTOROLA TO FORM JOINT VENTURE
Next Article:AFSCME TO HOLD PRESS BRIEFING TUESDAY, AUG. 25, TO DISCUSS NEW BARGAINING PUBLICATION
Topics:


Related Articles
BIPIN C. SHAH TO JOIN MELLON BANK CORPORATION
LAW FIRM OF CHIMICLES, BURT, JACOBSEN & MCNEW FILE CLASS ACTION SUIT AGAINST MELLON BANK
MELLON BANK ELECTS ROTAN E. LEE TO BOARD OF DIRECTORS
PAUL BEIDEMAN APPOINTED EXECUTIVE VICE PRESIDENT, HEAD OF REGIONAL BANKING FOR MELLON BANK
MELLON COMPLETES ACQUISITION OF GLENDALE BANCORPORATION
MELLON BANK TO ACQUIRE PENNSYLVANIA CORPORATE TRUST BUSINESS FROM CORESTATES
MELLON COMPLETES ACQUISITION OF PENNSYLVANIA CORPORATE TRUST BUSINESS FROM CORESTATES
MELLON BANK INSTALLS ADVANCED SECURITY SYSTEM IN PITTSBURGH OFFICES
New Technology From Mellon PSFS Automates Banking Services For Merchants of Cherry Hill Mall
Mellon Supermarket Offices Open for Business on Presidents Day

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters