Mellon 1st Business Bank's Loan Portfolio Surpasses $1 Billion
September 24 2007 - 10:41AM
PR Newswire (US)
LOS ANGELES, Sept. 24 /PRNewswire-FirstCall/ -- Mellon 1st Business
Bank has surpassed the $1 billion mark in loans to its business
clients in Southern California. Mellon 1st Business Bank's steady
growth in its loan portfolio reflects a strategic focus on offering
affordable and flexible financing options to middle market
businesses through its network of local regional offices. "The $1
billion milestone demonstrates the strength of our relationship
banking model and our position as one of the leading business banks
in Southern California," said David R. Misch, chief executive
officer of Mellon 1st Business Bank. "We continue to see our loan
portfolio post steady increases as our customized approach to
banking deepens our relationships with current clients and attracts
new clients." With more than $3 billion in assets, Mellon 1st
Business Bank provides full commercial and private banking services
to businesses, their owners, professionals, and non-profit
organizations throughout Southern California. Additional
information on Mellon 1st Business Bank is available at
http://www.mellon.com/mfbb. Mellon 1st Business Bank is part of BNY
Mellon Wealth Management, which is among the nation's leading
private wealth managers, with more than two centuries of experience
in providing investment management, wealth and estate planning, and
private banking and finance services to financially successful
individuals, families, family offices, charitable gift programs,
endowments and foundations. It ranks as one of the top 10 US wealth
managers with $162 billion in private client assets and an
expansive network of 83 offices globally. BNY Mellon Wealth
Management is a unit of The Bank of New York Mellon Corporation, a
global financial services company focused on helping clients manage
and move their financial assets, operating in 37 countries and
serving more than 100 markets. The company is a leading provider of
financial services for institutions, corporations and
high-net-worth individuals, providing superior asset and wealth
management, asset servicing, issuer services, and treasury services
through a worldwide client-focused team. It has more than $20
trillion in assets under custody and administration and $1 trillion
in assets under management. Additional information is available at
http://www.bnymellon.com/. DATASOURCE: Mellon 1st Business Bank
CONTACT: Ron Sommer of The Bank of New York Mellon Corporation,
+1-412- 236-0082, , for Mellon 1st Business Bank Web site:
http://www.mellon.com/mfbb http://www.bnymellon.com/
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