Mellon Bank Corp. said it would close its small-business loan
The center, which is to be shuttered in May, employs 50.
Mellon spokesman James Denver said 30 employees will be offered jobs in
Mr. Denver said savings from the closure would be significant, but he
The move was motivated by the company's desire for greater efficiencies.
Mellon is No. 41 among bank lenders to small businesses nationwide, with
Mr. Denver said the drop resulted from the sale of $500 million of loans
Based in Pittsburgh, Mellon has $45 billion of assets overall.