HSBC Bank USA


HSBC Bank USA

Infobox Company
company_name = HSBC Bank USA, N.A.
company_
company_type = Subsidiary of HSBC Holdings plc
slogan = The world's local bank
foundation = 1850
location = Wilmington, Delaware, United States
key_people = Michael Geoghegan, Chairman Paul Lawrence, President and CEO
num_employees = 43,000 (including HSBC Finance Corporation)
industry = Finance and Insurance
products = Financial Services
homepage = [http://www.us.hsbc.com/ www.us.hsbc.com]
revenue =

HSBC Bank USA, N.A., the United States subsidiary of the HSBC Holdings plc, is a bank with its head office in New York City.

History

The Hongkong and Shanghai Banking Corporation acquired a 51% shareholding in Marine Midland Bank of New York State, headquartered in Buffalo, New York, in 1980 and extended to full ownership in 1987. The banks continued to operate under the Marine Midland name until 1998, when the branch offices were rebranded as HSBC Bank USA in line with the worldwide corporate identity of HSBC. After the acquisition of Republic National Bank in 1999, the head office of HSBC Bank USA moved from One HSBC Center in Buffalo to 452 Fifth Avenue, New York City, although the official headquarters are in Wilmington, Delaware.

US banking

There are some 400 HSBC branches throughout New York in addition to some 20 to 25 branches in other states, including Florida and California. There was a branch office on the ground floor of the World Trade Center in New York City.

HSBC Direct is HSBC's attempt to compete nationally with other Internet banks such as Citibank Direct, Emigrant Direct, GMAC Bank, ING Direct, and VirtualBank.

Properties

Marine Midland owned several prominent properties, including the Marine Midland Building at 140 Broadway in Manhattan, near the World Trade Center. Completed in 1967, this 52-story, 688 ft (209.7 m) highrise provides 1.2 million square feet (110,000 m²) of office space in lower Manhattan and is noted for the distinctive "Noguchi's Cube" sculpture at its entrance. One HSBC Center is the tallest building in Buffalo, and is noted for its open entry level, under which the Buffalo Metro Rail passes.

Also of note, Marine Midland had purchased naming rights to the Buffalo sports and entertainment venue constructed in 1996, the Marine Midland Arena, home of the Buffalo Sabres. Today, the venue is known as the HSBC Arena.

External links

* [http://www.us.hsbc.com HSBC Bank USA website]


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