Through its Bank of New York predecessor, it is among the 3 earliest banking corporations in the United States, and amongst the earliest banks worldwide, having actually been developed in June 1784 by a group that consisted of American Founding Fathers Aaron Burr and Alexander Hamilton. Mellon had actually been established in 1869 by the Mellon household of Pittsburgh, that included Secretary of the Treasury Andrew W. Mellon.
The Bank of New York Mellon Corporation, which works as BNY Mellon, is an American around the world banking and monetary services holding business located in New York City. It was formed on July 1, 2007, as an outcome of the merger of The Bank of New York and Mellon Financial Corporation. It is the world’s biggest custodian bank and possession maintenance business, with $1.9 trillion in properties under management and $33.3 trillion in properties under custody since December 2017.