Mellon Financial
On December 11, 1992, federal regulators seized the 176-year-old bank and placed it into the receivership of the Federal Deposit Insurance Corporation (FDIC). The FDIC then sold its remaining assets to Mellon Financial for US$335 million. Mellon renamed the former PSFS branches Mellon PSFS, a name which lasted the end of 2001, when the branches were acquired by Citizens Financial Group.