The Bank of New York Mellon Marks 225 Years of Innovation, Stability and Outstanding Client Service; Bank's Mohawk Valley Operat
June 09 2009 - 9:15AM
PR Newswire (US)
ORISKANY, N.Y., June 9 /PRNewswire-FirstCall/ -- The Bank of New
York Mellon Corporation, the global leader in asset management and
securities servicing, will observe its 225th anniversary from June
9-16, 2009, with events that mark the company's history of
innovation and stability. Locally, the company's operations center
on Airport Road will turn 20 this week. The company will gather its
"originals," "pioneers" and "founders" in a rededication ceremony
for employees, featuring the 55 employees who have worked in the
Oriskany facility from the day it opened. The Oriskany facility
opened on June 16, 1989 with 240 employees and has steadily grown
into a true center of operating excellence with 825 employees.
Fifty five of the company's original employees will be recognized
during the anniversary. Many of the company's employees will also
mark the anniversary in service to the local community through team
volunteering experiences at the Utica Zoo on June 11 and 12. The
Bank of New York Mellon will make a donation to the zoo for each
employee who volunteers there this week. The company's worldwide
225th anniversary effort includes hundreds of employee volunteers
lending a helping hand to nonprofit organizations at other global
locations through the company's Community Partnership employee
volunteering program. In addition, a multimedia package on the
company's storied history has been posted on its website
(http://www.bnymellon.com/225years) and company representatives,
including an employee with more than 55 years of service to the
organization, will ring the closing bell at the New York Stock
Exchange on Tuesday, June 16. "Our company has a remarkable and
unique history. As the oldest bank in the United States, ours is a
story of innovation and change, and also an example of the power of
continuity. Over the course of these 225 years, the people of The
Bank of New York Mellon have stayed true to the values that still
guide our success today: client focus, trust, teamwork and
outperformance," said Robert P. Kelly, chairman and chief executive
officer of The Bank of New York Mellon. "It is fitting that during
this anniversary year, our company continues to play a critical and
stabilizing role in the global economy. We look forward to
continuing to support our people, clients and communities for the
next 225 years." "We are especially proud to mark 20 years of
operations in Oriskany, New York," said Frank Behlmer, Chief
Operating Officer for Bank Operations, The Bank of New York Mellon.
"Our company's living legacy of client service and social
responsibility is carried out every day by employees from this
community. From the original employees who are with us today, to
all of those new additions we've added along the way." ABOUT THE
225th ANNIVERSARY OF THE BANK OF NEW YORK MELLON: In 1784,
27-year-old Alexander Hamilton was charged with writing the
constitution for a bank which opened on June 9 near where the
Brooklyn Bridge now stands. In those early days, the company
provided some $200,000 to finance the newly established U.S.
government and in 1792 became the first company listed on the New
York Stock Exchange. Throughout its history, the organization has
played a critical role in the development and growth of the
Industrial Revolution and global finance. The company has continued
to prosper throughout severe market cycles and economic conditions,
remaining solvent even during the Great Depression. When other
banks closed at that time due to a rush on their capital, the
company remained open, never missed a dividend payment and reported
a profit in each of those quarters. "Throughout its distinguished
history, clients, governments and the banking industry have relied
on the company's strength and wisdom to weather difficult times,"
said Gerald Hassell, president, The Bank of New York Mellon. "Our
leaders through time have laid the foundation for our stability and
growth." The company has been led by true visionaries, including
former U.S. Treasury secretaries Alexander Hamilton (the first
Treasury Secretary) and Andrew Mellon (the 49th). Strategically,
the company's leaders recognized the global nature of business,
expanding overseas then refining the business model, due in part to
a remarkable series of acquisitions and mergers. The company moved
away from traditional banking businesses, focusing instead on asset
management and securities servicing, the infrastructure and
backbone for global financial markets. The company's expansion into
Europe began in 1813 and its Latin America relationships started in
1893, while business in the Middle East was established in 1911 and
its roots in Asia took hold in the 1920s. Throughout its history,
the company also has recognized a responsibility beyond its
employees and clients, always striving to make a difference in the
lives of others and in the communities in which its employees live
and work. "Corporate Social Responsibility is fundamental to our
culture and values. We live in many communities, and we cannot be a
great company if the communities where we work are not strong,
too," Kelly noted. The Bank of New York Mellon continues to support
a wide range of dynamic, visionary organizations that help to
create a better world. For information about The Bank of New York
Mellon's 225th Anniversary, visit bnymellon.com225 years. The Bank
of New York Mellon Corporation is a global financial services
company focused on helping clients manage and service their
financial assets, operating in 34 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 management and wealth
management, asset servicing, issuer services, clearing services and
treasury services through a worldwide client-focused team. It has
$19.5 trillion in assets under custody and administration, $881
billion in assets under management, services more than $11 trillion
in outstanding debt and processes global payments averaging $1.8
trillion per day. DATASOURCE: The Bank of New York Mellon
Corporation CONTACT: Lane Cigna of The Bank of New York Mellon
Corporation, +1-412-234-0575, or Web Site:
http://www.bnymellon.com/ http://www.bnymellon.com/225years
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