PITTSBURGH -- Mellon Bank Corp. said it will redeem all $68 million of its outstanding Series B convertible preferred stock at $25 a share, plus accrued dividends to the date of redemption. The company said the redemption date for the preferred stock is Dec. 1. Mellon Bank also said it will redeem all $28 million outstanding of its 8.6% debentures due 2009 on Dec. 1.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.