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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) - September 21, 1999
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 September 21, 1999, Mellon Bank Corporation
(the "Corporation) announced that its board of directors authorized a
new repurchase program covering 25 million shares of the Corporation's
common stock.
Exhibit Description
Number
99.1 Mellon Bank Corporation Press Release, dated September 21, 1999,
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: September 23, 1999 By: /s/ CARL KRASIK
Carl Krasik
Secretary
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EXHIBIT INDEX
Number Description Method of Filing
99.1 Press Release dated Filed herewith
September 21, 1999
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EXHIBIT 99.1
[LOGO] Mellon
News Release
Contact: Media Analysts Corporate Affairs
Stephen K. Dishart Donald J. MacLeod One Mellon Bank Center
(412) 234-0850 (412) 234-5601 Pittsburgh, PA 15258-0001
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FOR IMMEDIATE RELEASE
MELLON BOARD OF DIRECTORS APPROVES
25 MILLION SHARE STOCK REPURCHASE PROGRAM
PITTSBURGH, Sept. 21, 1999--The board of directors of Mellon Bank Corporation
[NYSE: MEL] today authorized a new repurchase program covering 25 million shares
of Mellon common stock. This action follows the recent completion of another
repurchase program, approved by the board in January 1999, covering 20 million
shares of Mellon common stock.
Since the beginning of 1995, Mellon has repurchased approximately 145
million shares of common stock and equivalents.
The new stock repurchase program was announced last week when Mellon
reported that it will change its Corporate name to Mellon Financial Corporation.
The name change, expected to take effect early in the fourth quarter of 1999, is
being made following research that indicated a change from "Bank" to "Financial"
in the Corporation's name more clearly communicates the shift in emphasis in
Mellon's strategic focus.
Mellon is a global financial services company with approximately $2.5
trillion in assets under management, administration or custody, including more
than $465 billion under management. One of the world's leading providers of
wealth management and global asset management for individual and institutional
investors, as well as global investment services for businesses and
institutions, Mellon also offers a comprehensive array of banking services for
individuals and small, midsize and large businesses and institutions in selected
geographies. Its 12 asset management companies, which include The Dreyfus
Corporation in the United States and Newton Management Limited in the United
Kingdom, provide investment products in virtually every asset class or
investment style. In addition, Mellon is a top global provider of custody,
retirement and benefits consulting services through its Mellon Trust and Buck
Consultants affiliates. Headquartered in Pittsburgh, Pennsylvania, Mellon has
operations or joint ventures around the world.
Press releases and other information about Mellon and its products and
services are available at www.mellon.com on the Internet.
[LOGO] Mellon
[LOGO] Dreyfus [LOGO] The Boston Company
The Dreyfus Corporation and The Boston Company are companies of Mellon Bank
Corporation.