Corporate Fact Sheets

HSBC Bank USA, N.A. Fact Sheet

August 2008

Who We Are

HSBC Bank USA, N.A. has more than 460 bank branches throughout the United States, with about 380 in New York state; branches in California and Pennsylvania; and a growing network of branches in Connecticut, Washington, D.C., Florida, New Jersey, Maryland and Virginia. There is also a branch in each of the following states: Delaware, Illinois, Oregon and Washington State. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., an indirectly-held, wholly-owned subsidiary of HSBC North America Holdings Inc. HSBC USA Inc. is one of the nation's 10 largest bank holding companies by assets.

HSBC Bank USA, N.A. offers its four million customers access to global markets and services. The bank provides a full-range of banking products and services to individuals, corporations, institutions and governments through its personal financial services, private banking, retail bank, commercial banking and global banking and markets segments. The bank is also an international dealer in derivative instruments and has mortgage banking and brokerage operations.

The HSBC Group, headquartered in London, is one of the largest banking and financial services organizations in the world. For information on HSBC Bank USA, N.A. products and services, visit www.us.hsbc.com.

HSBC Bank USA serves customers in the following areas:

Lines of Business
Personal Financial Services provides a broad range of financial products and services including installment and revolving term loans, deposits, branch services, mutual funds, investments and insurance. It's Residential Mortgage Lending provides loan financing through several origination channels. HSBC Direct, the bank's on-line only banking business, offers high-yield savings, payment accounts and CD's. For more information on HSBC Direct, visit www.hsbcdirect.com. HSBC Premier is the bank's global personal banking service for mass affluent and internationally mobile consumers, providing clients with seamless international banking capabilities. For more information on HSBC Premier, please visit www.hsbcpremier.com.

HSBC Private Bank offers a full range of wealth management and specialist advisory services for high net worth individuals and families, including tailored lending, banking and cash management; investment services; insurance; wealth advisory services; trust and estate administration and custody services. In addition, Private Bank professionals are able to leverage HSBC's vast global capabilities, resources and expertise on behalf of clients, delivering on capabilities ranging from family office and philanthropic advisory to structured products, commercial real estate and middle market lending.

HSBC Commercial Banking offers comprehensive domestic and international services and banking, insurance and investment products to companies, government entities and non-profit organizations. In addition to deposits, lending and leasing, services include payments and cash management, trade and supply chain, corporate finance, global markets and risk advisory. We also provide professional insurance and employee benefits products, as well as personal banking for company employees. Clients are served by a dedicated relationship manager in continuous collaboration with HSBC's network of financial specialists worldwide. For more information visit www.hsbc.com/commercial.

HSBC Global Banking and Markets is an emerging markets-led and financing-focused business that provides tailored financial solutions to major government, corporate and institutional clients worldwide. Global Banking and Markets has offices in more than 60 countries and territories. Managed as a global business, HSBC offers clients geographic reach and deep local knowledge. For more information on Global Banking and Markets, please visit www.hsbcnet.com.

Management

Paul Lawrence is president and chief executive officer of HSBC Bank USA, N.A. and HSBC USA Inc.

Financials

Location

HSBC Bank USA, N.A. Wilmington, Delaware
HSBC USA Inc. New York, New York

History

The Bank's predecessor bank, Marine Midland, was founded in Buffalo, NY in 1850 to finance the shipping trade along the Great Lakes. HSBC acquired 51 percent of the Bank in 1980 and the remaining 49 percent in 1987. The name change to HSBC Bank USA in 1999 was the result of a worldwide re-branding campaign to strengthen recognition of HSBC as one of the world's most customer-oriented financial services organizations.

Contacts

Public Affairs: New York, 212-525-3800

Share Listings

HSBC Holdings plc (NYSE: HBC) serves over 128 million customers worldwide through around 10,000 offices in 84 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of some US $2,354 billion at 31 December 2007, HSBC is one of the world's largest banking and financial services organizations. HSBC is marketed worldwide as 'The world's local bank.'

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