BANKING: The Mellons Go to Work Again

In 1889, when the late Andrew William Mellon founded his first Pittsburgh bank, he called it "The Union Transfer and Trust Co." The choice of name was unfortunate. So many householders asked to have their furniture moved that the title had to be changed to "The Union Trust Co. of Pittsburgh."

Last week The Union Trust Co. proposed to change its name again. Richard King Mellon, third generation head of the Mellon family empire, announced that Union Trust planned to merge with Mellon National Bank. The new institution, to be known as Mellon National Bank and Trust Co., will give Pittsburgh...

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