Mellon National Bank and Trust Co. - Specimen Stock Certificate - Vignette of Judge Thomas Mellon

The Bank of New York Mellon Corporation, commonly known as BNY Mellon, is an American investment banking services holding company headquartered in New York City. BNY Mellon was formed from the merger of The Bank of New York and the Mellon Financial Corporation in 2007. It is the world's largest custodian bank and asset servicing company, with $2.2 trillion in assets under management and $41.7 trillion in assets under custody as of the second quarter of 2021. It is considered a systemically important bank by the Financial Stability Board. BNY Mellon is incorporated in Delaware. Through its Bank of New York predecessor, it is one of the three oldest banking corporations in the United States, and among the oldest banks in the world, having been established in June 1784 by a group that included American Founding Fathers Alexander Hamilton and Aaron Burr. T. Mellon and Sons Bank, was founded in Pittsburgh in 1869 by Thomas Mellon and his sons Richard and Andrew. Andrew W. Mellon later became Secretary of the Treasury.

Thomas Mellon (February 3, 1813 – February 3, 1908) was an Irish American businessman, judge, and lawyer who was best known as the founder of Mellon Bank and patriarch of the Mellon family of Pittsburgh. He nearly lost his estate in the Panic of 1873—an economic depression in which half of Pittsburgh's ninety organized banks and twelve private banks failed—but prevailed, and was well placed to prosper when the economy again began to expand. Shrewd investments included real estate holdings in downtown Pittsburgh, coal fields, and a $10,000 loan to Henry Clay Frick in 1871, which would provide the coke for Andrew Carnegie's steel mills. In 1877, Mellon was approached to finance the Ligonier Valley Railroad. In 1878 he acquired land around the railroad just west of Ligonier, Pennsylvania, where he began a picnic park, Idlewild. Additional land in the Ligonier Valley which he once owned is now the Rolling Rock Club. On January 5, 1882, he retired from day-to-day management of the bank's affairs, handing it to his 26-year-old son, Andrew. Under A.W. and R.B.'s management, Mellon Bank was by the end of the century the largest banking institution in the country outside of New York. He divested himself of most of the rest of his property on February 3, 1890, leaving it in the hands of his sons. Read more at https://en.wikipedia.org/wiki/Thomas_Mellon

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