HSBC Bank USA
HSBC Bank USA, an American subsidiary of the British banking group HSBC, is a bank with its operational head office in New York City and its nominal head office in Tysons, Virginia (as designated on its charter). The company has 22 branch locations.[1]
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 Headquarters at 452 Fifth Avenue | |
| Company type | Subsidiary |
|---|---|
| Industry | Finance and Insurance |
| Founded | 1850 (as Marine Midland Bank) |
| Headquarters | 452 Fifth Avenue, New York City, New York, U.S. |
Number of locations | 148 Branches (until Feb 18, 2022) 20-25 International Wealth Center (Beginning Feb 22, 2022) |
Key people | Michael Roberts (Chairman, President, and CEO) |
| Products | Financial services |
Number of employees | 43,000 (including HSBC Finance) |
| Parent | HSBC |
| Website | www |
History
[change | change source]In 1980, The Hongkong and Shanghai Banking Corporation acquired a 51% controlling interest in Marine Midland Bank, headquartered in Buffalo, New York. HSBC acquired the remaining interest in 1987. The banks continued to operate under the Marine Midland name until 1998, when the offices were re-branded as HSBC Bank.[2]
In 1994, Marine Midland acquired Spectrum Home Mortgage, which operated in eight states. In 1995, Marine Midland acquired United Northern Federal Savings Bank, with branches in Watertown and Lowville, New York. Marine Midland also acquired The HSBC's 6 New York City retail branches, and the next year Hang Seng Bank's two branches in New York City.
References
[change | change source]- ↑ HSBC Bank USA Locations
- ↑ Hartley, Tom (December 7, 1998). "Marine Midland' no more". Buffalo Business First.