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CIBC Mellon is a Canadian company exclusively focused on the investment servicing needs of Canadian institutional investors and international institutional investors into Canada. Founded in 1996, CIBC Mellon is 50-50 jointly owned by The Bank of New York Mellon (BNY Mellon) and Canadian Imperial Bank of Commerce (CIBC). CIBC Mellon`s investment servicing solutions for institutions and corporations are provided in close collaboration with our parent companies, and include custody, multicurrency accounting, fund administration, recordkeeping, pension services, securities lending services, foreign exchange settlement and treasury services. As at June 30, 2015, CIBC Mellon had more than C$1.5 trillion of assets under administration on behalf of banks, pension funds, investment funds, corporations, governments, insurance companies, foreign insurance trusts, foundations and global financial institutions whose clients invest in Canada. CIBC Mellon is part of the BNY Mellon network, which as at June 30, 2015 had US$28.6 trillion in assets under custody and/or administration and US$1.7 trillion in assets under management. CIBC Mellon is a licensed user of the CIBC trade-mark and certain BNY Mellon trade-marks, is the corporate brand of CIBC Mellon Global Securities Services Company and CIBC Mellon Trust Company, and may be used as a generic term to refer to either or both companies.
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We have been devoted to the public welfare of the Hudson Valley since February 1st, 1871, when twenty-one citizens of Saugerties petitioned New York State for a charter as the Board of Trustees of Saugerties Savings Bank. The name changed to Sawyer Savings Bank in 1973 — weathering all business cycles and growing ever since. The bank doesn`t have stockholders. All its assets are held in a trust exclusively for the benefit of its depositors — you. We invest those deposits in the community: building homes, creating jobs, aiding capital expansion and helping the area and its people to grow and prosper.