Mellon 1st Business Bank's Loan Portfolio Surpasses $1 Billion

PRNewswire-FirstCall
LOS ANGELES
(NYSE:BK)
Sep 24, 2007

LOS ANGELES, September 24, 2007 — 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/.