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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) - April 22, 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
On April 22, 1998, Mellon Bank Corporation issued the press release
attached hereto as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit Description
Number
99.1 Mellon Bank Corporation Press Release, dated April 22, 1998.
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: April 24, 1998 By: /s/ Steven G. Elliott
_________________________________
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 Filed herewith
April 22, 1998
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Exhibit No. 99.1
Media Analysts
Sandra J. McLaughlin Donald J. MacLeod
(412)234-4003 (412)234-5601
FOR IMMEDIATE RELEASE
MELLON NOT FOR SALE
PITTSBURGH, April 22, 1998--Mellon Bank Corporation Chairman, President and
Chief Executive Officer Frank V. Cahouet today made the following statement:
"We are not in negotiations with Bank of New York or anyone else. We are
not interested in pursuing a transaction--we are not for sale. Our strategy has
been working, and continues to work, exceptionally well in building shareholder
value. In fact, our shareholders have been rewarded in the decade of the 1990s
with a total return in excess of ten-fold. We will continue to build on that
strategy in fee-based, high-growth businesses.
"As a result of our discussions with Bank of New York last year, we are
firmly convinced that any combination of the two organizations would be contrary
to the best interests of our shareholders, employees, customers and--in
particular--the communities we serve."
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 $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 companies, The
Dreyfus Corporation and Founders Asset Management, 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 www.mellon.com on the Internet. For
Mellon press releases by fax, call 1 800 758-5804, identification number 552187.
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