Word: mellbank
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Chief administrative officer of the new bank will be Frank R. Denton, who caught the eye of Andrew W. Mellon in 1929, when Denton was the youngest (24) bank examiner in the U.S. He proved himself as chief of the Mellbank Corp., a holding corporation for 18 Mellon-controlled Pennsylvania banks, and later as president of the Mellon Securities Corp...
...choice. In the House of Mellon are many mansions but Richard King ("Dick") Mellon at 34 has already moved into most of them. In the financial wing he is a director of Union Trust Co., which far outshines the family bank in national prestige. He also is president of Mellbank Corp., which controls a group of some 20 smaller Pennsylvania banks. In the industrial wing he is a director of Aluminum Co., Gulf Oil, Koppers Co. and Carborundum Co. He has a director's vote in such minority Mellon interests as Pullman, Pittsburgh Plate Glass, Westinghouse Air Brake, Harbison...
...poems and stories for the undergraduate publications of Choate School (1925) and Yale (1929). For the past two years he quietly attended Clare College, reading, writing and rowing, receiving last June a degree while his father was given an honorary one. Although Son Mellon spent one summer working for Mellbank Corp., holding company for banks around Pittsburgh, he has frequently stated that he planned to have a literary career, to be a writer or a publisher. Surrounded by the Press during his first day at work last week, he said: "I'm going to work. . . . I'm going...
Rumor. In anticipation of a repeal of branch-banking restrictions, two potent groups of Pittsburgh bankers were said last week to be sponging up many out-of-town banks. Through their Mellbank Corp., the Mellons were reported to be lining up at least 50 banks. Acting independently, the Hillman interests of the Peoples-Pittsburgh Trust Co. were said to have 25 banks in view...
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