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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) - February 2, 1998
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 February 2, 1998, Mellon Bank Corporation
("Corporation") announced that it has completed its previously announced
acquisition of United Bancshares, Inc.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit
Number Description
99.1 Mellon Bank Corporation Press Release, dated February 2, 1998
announcing the matter referenced in Item 5 above.
SIGNATURES
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: February 4, 1998 By: /s/ Steven G. Elliott
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Steven G. Elliott
Vice Chairman, Chief Financial
Officer & Treasurer
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EXHIBIT INDEX
Number Description Method of Filing
- ------ ----------- ----------------
99.1 Press Release dated February 2, 1998 Filed herewith
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EXHIBIT 99.1
Contacts:
--------
Media: Stephen K. Dishart
(412) 234-0850
Analysts: Donald J. MacLeod
(412) 234-5601
FOR IMMEDIATE RELEASE
MELLON COMPLETES ACQUISITION OF UNITED NATIONAL BANK
PITTSBURGH and MIAMI, Feb. 2, 1998--Mellon Bank Corporation (NYSE:MEL) today
announced that it has completed its previously announced acquisition of United
Bankshares, Inc., a full-service commercial bank serving South Florida. Mellon
and United Bankshares, the parent company of United National Bank, signed a
definitive agreement in November 1997. Mellon acquired United Bankshares with a
combination of Mellon's common stock and cash. Other terms of the agreement were
not disclosed.
The organization will operate as a separate entity under the name Mellon
United National Bank and will combine Mellon's broad array of banking,
investment and trust services with United's highly focused strategy to create a
powerful financial resource for the growing numbers of South Florida businesses
and entrepreneurs that are increasingly seeking a wider range of financial
solutions. Mellon United National Bank will continue to be managed by United's
existing management team, with Gerald Katcher remaining as chairman, president
and chief executive officer.
A broad-based financial services company with a bank at its core, Mellon
Bank Corporation ranks among the nation's largest bank holding companies in
market capitalization. With more than $300 billion of assets under management
and approximately $1.5 trillion of assets under administration, Mellon provides
a full range of banking, investment and trust products and services to
individuals and small, midsize and large businesses and institutions. Its mutual
fund company, The Dreyfus Corporation, places Mellon as the leading bank manager
of mutual funds. Headquartered in Pittsburgh, Mellon's principal subsidiary is
Mellon Bank, N.A.
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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