NEW YORK, June 14, 2016 /PRNewswire/ -- BNY Mellon, a
global leader in investment management and investment services, has been awarded a contract from the U.S. General Services
Administration (GSA) that enables the company to offer an integrated suite of loan servicing and related support services to a
wide range of federal agencies that maintain credit programs such as direct loans and loan guarantee programs.
The contract, awarded under the loan servicing and asset management category, provides for BNY Mellon to deliver services
through Colson Services Corp., a wholly owned subsidiary.
"Federal agencies seeking a financial services provider can shorten the procurement process by utilizing approved contractors
such as BNY Mellon that have obtained GSA contracts rather than going through alternative procurement processes," said
Robert L. Griffin, president of Colson and a managing director in BNY Mellon's Corporate Trust
group.
Colson Services Corp., a wholly owned subsidiary of BNY Mellon, is an independent third-party provider of customized solutions
for federal government agencies operating loan and loan guaranty programs.
BNY Mellon is a leading provider of corporate trust services to the debt capital markets, offering customized and
market-driven solutions to investors, bondholders and lenders. As of March 31, 2016, BNY Mellon
Corporate Trust served as trustee and/or paying agent on more than 58,000 debt-related issues globally. The corporate trust
business utilizes its global footprint and expertise to deliver a full range of issuer and related investor services including
trustee, paying agency, fiduciary, escrow, and other financial services. The business administers a wide array of assets and
types of programs to multinational corporations, financial institutions, governments and their agencies, and the banking,
securities, and insurance industries.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets
throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors,
BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of
March 31, 2016, BNY Mellon had $29.1 trillion in assets under custody
and/or administration, and $1.6 trillion in assets under management. BNY Mellon can act as a single
point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon
is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our
newsroom at www.bnymellon.com/newsroom for the
latest company news.
Contact:
Mike
Dunn
+1 732 667
2678
mike.g.dunn@bnymellon.com
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SOURCE BNY Mellon