PITTSBURGH - Mellon Bank Corp. said it completed its acquisition of Boston Co., a trust and money management subsidiary of Shearson Lehman Brothers, for $1.453 billion.

The acquisition, announced last September, increased Mellon's trust assets under administration to 700 billion, including approximately $150 billion under management. Mellon also said it ranks among the top five providers in institutional trust, mutual fund services, institutional asset management, and private banking.

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