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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) - January 8, 1997
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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EXHIBIT 99.1
[LOGO OF MELLON BANK CORPORATION] News Release
Contact: Media Analysts Corporate Affairs
----- -------- One Mellon Bank Center
Stephen K. Dishart Donald J. MacLeod Pittsburgh, PA 15258-0001
(412) 234-0850 (412) 234-5601
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FOR IMMEDIATE RELEASE
MELLON BANK CORPORATION TO REDEEM
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SERIES J PREFERRED STOCK
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PITTSBURGH, Jan. 8, 1997-Mellon Bank Corporation today announced that its Series
J preferred stock (NYSE: MEL Pr J) will be redeemed at a price of $25 per share
plus accrued dividends. The $100 million of outstanding Series J preferred
stock carries an annual fixed dividend of $2.125 per share until its redemption
date of Feb. 18, 1997. The redemption is subject to Federal Reserve Board
approval.
With balance sheet assets of more than $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,
investment and trust products and services to individuals and small, midsize and
large businesses and institutions. Its principal mutual fund business is The
Dreyfus Corporation.
Press releases and other information about Mellon Bank Corporation and
its products and services are available at http://www.mellon.com on the
Internet. For Mellon press releases by fax, call 1 800 758-5804, identification
number 552187.
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