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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) - June 12, 1995
MELLON BANK CORPORATION
(Exact name of registrant as specified in charter)
Pennsylvania 1-7410 25-1233834
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
One Mellon Bank Center
500 Grant Street
Pittsburgh, Pennsylvania 15258
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code - (412) 234-5000
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ITEM 5. OTHER EVENT
Mellon Bank Corporation (the "Corporation") repurchases approximately
5.5% of its outstanding Common Stock and Warrants from a subsidiary
of American Express Company in a private transaction.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit
Number Description
99.1 Mellon Bank Corporation Press Release, dated June 12, 1995, regarding
the Corporation's purchase of its Common Stock and Warrants from
American Express.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
MELLON BANK CORPORATION
Date: June 13, 1995 By: James M. Gockley
James M. Gockley
Assistant General Counsel &
Secretary
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EXHIBIT INDEX
Number Description Method of Filing
99.1 Press Release dated Filed herewith
June 12, 1995
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[Logo of
Mellon Bank Corp.] News Release
EX-99.1
ANALYSTS: MEDIA:
Donald J. MacLeod Mellon Bank
(412) 234-5601 Margaret K. Cohen Tilda Walsh
(412) 234-0850 (412) 234-5873
Corporate Affairs
One Mellon Bank Center
Pittsburgh, PA 15258-00001
American Express
Frank Vaccaro
(212) 640-3327
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FOR IMMEDIATE RELEASE
MELLON COMPLETES PURCHASE OF MELLON COMMON STOCK AND
WARRANTS FROM AMERICAN EXPRESS
PITTSBURGH, June 12, 1995 -- Mellon Bank Corporation today announced
that it has purchased 3.75 million shares of Mellon common stock and
warrants for an additional 4.5 million shares of Mellon common stock
from American Express Travel Related Services Company, Inc., a
subsidiary of American Express Company. Mellon purchased the shares
and warrants for $213 million in a private transaction.
The shares and warrants were issued in May 1993 in connection with
Mellon's acquisition of The Boston Company from a subsidiary of
American Express. At March 31, 1995, the 3.75 million shares and
warrants for 4.5 million shares (if exercised) represented approx-
imately 5.5 percent of Mellon's outstanding common shares and
warrants. American Express said the transaction would not have a
material impact on its earnings.
With balance sheet assets of approximately $40 billion and assets
under management or administration of approximately $875 billion,
Mellon Bank Corporation is a major financial servies company head-
quartered in Pittsburgh, providing a full range of banking and
investment products and services to individuals and small, midsized
and large businesses and institutions.
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