HSBC Bank USA
Encyclopedia : H : HS : HSB : HSBC Bank USA
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. After the acquisition of Republic National Bank in 1999, the head office of HSBC Bank USA moved from the HSBC Center in Buffalo to 452 Fifth Avenue, New York City, although the official headquarters are in Wilmington, Delaware.Operations
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. The tallest building in Buffalo also carries the HSBC name, 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
| Corporate Directors: Baroness Dunn | Sir Brian Moffat | Stephen Green | Lord Butler of Brockwell | Raymond Ch'ien | John Coombe | Rona Fairhead | Douglas Flint | William Fung | Michael Geoghegan | Sharon Hintze | James Hughes-Hallett | Sir Mark Moody-Stuart | Stewart Newton | Simon Robertson | Helmut Sohmen | Sir Brian Williamson |
| Brands: The Bank of Bermuda | Beneficial | first direct | Hang Seng | HFC | HSBC | HSBC Bank International | HSBC Halbis Partners | HSBC Investments | HSBCnet | HSBC Premier | Marbles | M&S Money | Proa |
| Local Banks: Argentina | Australia | Bermuda | Brazil | Canada | China | Egypt | France | Germany | Hong Kong | Iraq | Malaysia | Middle East | Malta | Mexico | Poland | Turkey | United Kingdom | United States |
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Minority Stakes and Joint Ventures: Bank of Communications (19.9%) | Bank of Shanghai (8%) | HSBC Saudi Arabia Limited (60%) | Ping An (19.9%) | Techcombank (10%) | The Saudi British Bank (40%) | UTI Bank Limited (4.99%) | Wells Fargo HSBC Trade Bank N.A. (20%) |
| Annual Group Revenue: .7 billion USD ( 10% FY 2005) | Employees: 284,000 | Stock Symbol: LSE: [HSBA] | Website: [www.hsbc.com] |
| Commercial banks in the United States |
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| Bank of America | JPMorgan Chase | Wachovia | Wells Fargo | Washington Mutual | Citibank | US Bancorp | SunTrust | HSBC | World Savings Bank | Regions | PNC Bank | Keybank | Merrill Lynch | Branch Banking and Trust Company | Comerica | Union Bank of California | The Bank of New York | North Fork Bank | Sovereign Bank | ING | Fifth Third Bank | AmSouth Bank | Manufacturers and Traders Trust Company | National City | LaSalle Bank | Treasury Bank | MBNA | Bank of the West | Citizens Bank | The Huntington National Bank | First Tennessee | Harris | M&I Marshall and Iisley Bank | Chase Bank USA | Commerce Bancorp | Charter One | TD Banknorth | Compass Bank | Branch Banking and Trust Company of Virginia | Discover Card | Capital One Bank | UBS Bank | USAA | |