Fitch Withdraws Ratings of Mellon 1st Business Bank

NEW YORK--(Business Wire)--
Fitch Ratings has withdrawn the ratings of Mellon 1st Business
Bank, N.A. (MFBB) after aligning the ratings with those of U.S.
Bancorp (USB) subsidiary, U.S. Bank, N.A., following the completion of
USB's acquisition of the former Bank of New York Mellon Corporation
subsidiary. The alignment includes the downgrade of MFBB's Support
Rating to 3 from 2 and the Support Floor to BB- from BBB+, the same
levels as U.S. Bank. Consequently, all ratings are being withdrawn
following the merger of MFBB into U.S. Bank, NA.

Fitch has withdrawn the following ratings:

Mellon 1st Business Bank, NA

--Long-term Issuer Default Rating (IDR) 'AA-';

--Long-term deposits 'AA';

--Short-term IDR 'F1+';

--Short-term deposits 'F1+';

--Individual 'A/B'.

In addition Fitch has downgraded and withdrawn the following:

--Support to '3' from '2';

--Support Floor to 'BB-' from 'BBB+'.

Fitch's rating definitions and the terms of use of such ratings
are available on the agency's public site, www.fitchratings.com.
Published ratings, criteria and methodologies are available from this
site, at all times. Fitch's code of conduct, confidentiality,
conflicts of interest, affiliate firewall, compliance and other
relevant policies and procedures are also available from the 'Code of
Conduct' section of this site.

Fitch Ratings
John Mackerey, 212-908-0366, New York
David Spring, 312-368-3194, Chicago
or
Media Relations:
Kenneth Reed, 212-908-0540, New York

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