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The Bank of New York Wins Advertising Campaign of the Year for its Private Bank

NEW YORK, October 16, 2006 -- The Bank of New York's Private Bank has been awarded "Advertising Campaign of the Year" for the innovative print and television campaign highlighting its unrivaled history and heritage serving high-net-worth clients. The award was presented by Private Asset Management, an Institutional Investor publication, at its annual award dinner in New York City.

The new campaign underscores The Bank of New York's strategic focus on investing in and growing The Private Bank, which manages and administers more than $60 billion in assets for high-net-worth clients through a comprehensive range of financial and estate planning services.

"The Private Bank is an attractive business for us that we will grow through further investment in new offices, expanded wealth management offerings, and strategic marketing programs like our compelling ad campaign," said Bruce Van Saun, vice chairman of The Bank of New York. "We are gratified to have won this award, particularly since the campaign focuses on the experience and wisdom we have acquired and shared with our clients for more than 200 years, across many generations and changing economic times."

The campaign's television ad features a private banker preparing for a client meeting as he encounters his predecessors from the past 200 years to illustrate how insights gained from the past are applied to today's client relationships. The print ads spotlight the Bank's heritage with private bankers juxtaposed against historic backdrops to further demonstrate the Bank's long-term commitment and shared values with generations of clients.

The advertising campaign, which began in June of this year, is reaching prospective clients through a targeted mix of lifestyle, business and finance, arts and literature and regional publications, as well as on upscale broadcast programming.

The Bank of New York Company, Inc. (NYSE: BK) is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide. The Company has a long tradition of collaborating with clients to deliver innovative solutions through its core competencies: securities servicing, treasury management, asset management, and private banking. The Company's extensive global client base includes a broad range of leading financial institutions, corporations, government entities, endowments and foundations. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has consistently played a prominent role in the evolution of financial markets worldwide. Additional information is available at www.bankofny.com.



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