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Friday, March 31, 2006

MSN Money - Associated Press Business News: Mellon Acquires Charitable Schwab Unit

MSN Money - Associated Press Business News: Mellon Acquires Charitable Schwab Unit: "Mellon Acquires Charitable Schwab Unit

Associated Press
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NEW YORK (AP) - Financial services company Mellon Financial Corp. said Friday it acquired a charitable services business from an arm of Charles Schwab Corp., making Mellon the nation's largest provider of planned giving services.

Mellon, which didn't disclose its purchase price, said it acquired the business from U.S. Trust Corp., a wholly owned Schwab unit, adding more than $700 million in planned giving client assets to the company"

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