The Bank of New York Mellon Corporation (NYSE:BK) One Wall Street New York, NY 10286 Phone: (212) 495-1784 Fax: (212) 809-9528 http://www.bnymellon.com
The Bank of New York Mellon Corporation was originally formed as a holding company for The Bank of New York Mellon. With its predecessors, the Company has been in business since 1784. It is a global financial services company. On July 1, 2008, the Company completed the process of consolidating and renaming its main U.S. bank and trust company subsidiaries into two main banks. This consolidation effort was an essential part of its overall merger and integration process. As part of the consolidation, the number of the Company�s U.S. trust companies was reduced to two � The Bank of New York Mellon Trust Company, National Association and BNY Mellon Trust Company of Illinois. These companies house trust products and services across the U.S. Also concentrating on trust products and services is BNY Mellon Trust of Delaware, a Delaware bank. Most asset management businesses, along with Pershing, are direct or indirect non-bank subsidiaries of the Company. The Company's bank subsidiaries engage in trust and custody activities, investment management services, banking services and various securities-related activities. The deposits of the banking subsidiaries are insured by the Federal Deposit Insurance Corporation to the extent provided by law. The Bank of New York divides its businesses into seven segments: Asset Management; Wealth Management; Asset Servicing; Issuer Services; Clearing Services; Treasury Services and Other. The Company�s businesses benefit from the global growth in financial assets, the globalization of the investment process and the growth and concentration of wealth segments. Its long-term financial goals are focused on deploying capital to accelerate the long-term growth of its businesses and on achieving superior total returns to shareholders by generating first quartile earnings per share growth over time relative to a group of peer companies. The Bank of New York�s Asset Management and Wealth Management business segments experience competition from asset management firms; hedge funds; investment banking companies; bank and financial holding companies; banks, including trust banks; brokerage firms and insurance companies. The Company and its bank subsidiaries are subject to system of banking laws and regulations that are intended mainly for the protection of the customers and depositors of the Company�s bank subsidiaries rather than holders of the Company�s securities.
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