The Bank of New York Mellon or popularly known as BNY Mellon was established in 2007 with the merger of The Bank of New York Company, Inc. and Mellon Financial Corporation. It is one of the leading banking and financial services corporation headquartered in New York. BNY Mellon is widely popular for its investment and wealth management services, which are specifically focused to help clients manage their financial assets in today’s changing global marketplace. The corporation employs over 32,600 employees worldwide and it operates 18 domestic branches located in three US states, and 12 foreign locations.
With more than $1.26 trillion in assets under management and over $25.5 trillion in assets under custody or administration, The Bank of New York Mellon is the largest deposit bank in the world. BNY Mellon is also the oldest banking firm in the United States with its origin dating back to the establishment of the Bank of New York by Alexander Hamilton in 1784. The Bank of New York Mellon Corporation operates primarily in six financial services sectors which are asset management, broker-dealer, advisory services, asset servicing, treasury services and wealth management, and issuance services.
BNY Mellon offers tailored services for corporations and institutions. It helps them build their assets, enhance performance, develop their operating efficiency and reduce risk with the help of a variety of securities solutions and asset management services. Moreover, the corporation brings a number of high-end services for their private clients. They provide sophisticated financial solutions for individuals including wealth management, investment, private banking, and shareowner services. On the other hand, BNY Mellon works with advisors and consultants to assist them while selecting and presenting the services that suits the needs of the clients whom they serve.
|Bank Name||The Bank of New York Mellon|
|Year of Establishment||January 1, 1851|
|FDIC Insured Since||January 1, 1934|
|FDIC Certificate No||639|
|Number of Branches||9 domestic + 12 foreign offices|
|Number of Employees||34,143|
|Number of States Served||4 States|
|Services Offered (Available Accounts)||Asset Management, Securities Servicing, Shareowner Services, Treasury Services, Wealth Management, Corporate Trust, Liquidity Services.|
|Assets (Dec 31, 2015)||319,258,000|
|Deposits (Dec 31, 2015)||297,186,000|
|Equity Capital (Dec 31, 2015)||22,072,000|
|Net Income (Dec 31, 2015)||505,000|
|Primary Federal Regulator||Federal Reserve Board (FRB)|
|Address||One Wall Street, New York, New York 10286, County of New York.|
(Courtesy: FDIC as on Dec 31, 2015)