2008-06-06 23:04:28 -

- Fitch Ratings has withdrawn the ratings of Mellon 1st Business Bank, N.A. (MFBB) after aligning the ratings with those of U.S. Bancorp (USB) subsidiary, U.S. Bank, N.A., following the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 Consequently, all ratings are being withdrawn following the merger of MFBB into U.S. Bank, NA.

Fitch has withdrawn the following ratings: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In addition Fitch has downgraded and withdrawn the following: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