<PAGE>
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) - August 26, 1996
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 EVENTS
By press release dated August 26, 1996, Mellon Bank Corporation
announced that it has reached a definitive agreement to acquire FUL
Incorporated, known in the marketplace as First United Leasing
Corporation. Terms of the agreement were not disclosed.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit
Number Description
99.1 Mellon Bank Corporation Press Release, dated August 26, 1996,
announcing the matter referenced in Item 5 above.
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: August 27, 1996 By: CARL KRASIK
Carl Krasik
Associate General Counsel &
Secretary
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EXHIBIT INDEX
Number Description Method of Filing
99.1 Press Release dated August 26, 1996 Filed herewith
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Exhibit 99.1
[LOGO OF MELLON BANK] News Release
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Mellon Bank Corporation First United Leasing Corporate Affairs
Contact: ----------------------- --------------------
Media: Stephen K. Dishart Corporation One Mellon Bank Center
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(412) 234-0850 Kathleen O. Buesh Pittsburgh, PA 15258-0001
Analysts: Donald J. MacLeod 1 800 323-6217
(412) 234-5601
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FOR IMMEDIATE RELEASE
MELLON TO ACQUIRE FIRST UNITED LEASING
PITTSBURGH, Aug. 26, 1996--Mellon Bank Corporation today announced that it has
reached a definitive agreement to acquire FUL Incorporated, known in the
marketplace as First United Leasing Corporation. First United Leasing is a
privately held, Chicago-based vendor leasing company providing short- to medium-
term leases on office, medical and light industrial equipment to users of small-
ticket equipment throughout the United States. Terms of the agreement were not
disclosed.
Upon completion of the transaction, which is expected by early fourth
quarter, the acquisition will add First United Leasing's approximately $150
million in assets as well as its premier position in the small-ticket arena to
Mellon's Leasing Group. Earlier this month, Mellon announced plans to acquire
the Business Equipment Finance unit of USL Capital Corporation, with about $1.5
billion in assets. The two acquisitions will increase Mellon's total leasing
portfolio to more than $2.6 billion.
"With 23 years of experience, First United Leasing is a well-
established, profitable vendor leasing company that will expand Mellon's product
offerings to small business, affinity groups and insurance premium finance
customers," said Jeffery L. Leininger, vice chairman for Specialized Commercial
Banking, Mellon Bank Corporation. "This acquisition, together with our USL
purchase and existing leasing business, clearly positions Mellon Bank as one of
the premier bank providers of lease financing in the United States."
-more-
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Mellon to Acquire First United Leasing Corporation
Aug. 26, 1996
Page 2
With balance sheet assets of approximately $43 billion and assets
under management or administration of more than $1.1 trillion, Mellon Bank
Corporation is a major financial services company headquartered in Pittsburgh;
its primary subsidiary is Mellon Bank, N.A. Mellon provides a full range of
banking and investment products and services to individuals and small, midsize
and large businesses and institutions. Its principal mutual fund business is
The Dreyfus Corporation.
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