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HSBC Expands Branch Network in Los Angeles

29 September 2009

Opens First Artesia Facility

Mettawa, IL - HSBC Bank USA, N.A. (HSBC) has opened the doors to its latest branch in the heart of Artesia, Los Angeles County. With the addition of this facility, HSBC now has a total of 18 branches across the L.A - Orange County area, serving tens of thousands of personal and business customers and employing scores of local people.

The HSBC Group's network in over 80 countries and territories is perfectly aligned to Artesia with its high concentration of internationally-orientated individuals and businesses that benefit from both an on-the-ground HSBC branch presence and its extensive global reach.

Today's announcement is a further example of HSBC's strategy of expanding in select locations across the U.S. outside of the retail bank's core business in New York State. Since 2006, more than 90 branches have been rolled out in internationally-oriented communities across California, Florida, New Jersey, Seattle and Washington, D.C. With around 30,000 employees and more than four million customers, HSBC North America Holdings Inc. is one of ten largest holding companies in the United States by assets and can trace its heritage back over 140 years.

Dominic O'Hagan, EVP, Regional President, West Coast, HSBC Bank USA, N.A., said, "Artesia, with its strong cross-border connections, was the obvious place in which to expand our branch network. As 'The world's local bank,' we fully understand the importance of serving the Artesia community locally while helping them to make the most of opportunities globally."

Located at 18182 Pioneer Boulevard, the brand new 2,345 square-foot facility features private consultation rooms, two teller stations, an ATM and Saturday hours, as well as off-street parking and the latest in customer-friendly design.

Operating initially with a staff of ten locally employed banking professionals, the Artesia branch provides a full range of financial services to both businesses and individuals including Premier,1 HSBC's global personal banking service. This offers international recognition, worldwide support, wealth management,2 insurance, mortgages,3 a credit card,4 access to a relationship manager and 'Global View,' a unique online service which allows customers to access and manage all of their international Premier accounts in one place.

Newly appointed branch manager, Cathy Li, is a career banker with almost decade's worth of business experience in and around Los Angeles. Cathy and team are able to serve customers in Mandarin and Cantonese as well as English, and offer more than 72 years of combined banking experience.

This evening, HSBC will mark the occasion with a grand opening ceremony at the new branch, featuring a presentation of $5,000 checks to Friends of Arts Education at the Cerritos Center5 The Artesia Historical Society6 and Cerritos College Foundation.7

All donations will be used support educational and cultural development projects for young people in the local area.

Gary W. Hopkins, President, Friends of Arts Education Board of Directors, said, "HSBC Bank, USA's support of The Friends of Arts Education at the Cerritos Center demonstrates their leadership as a community partner. The Friends are honored to benefit from HSBC's commitment to invest in education and the environment through their support of our presentation of 'The Man Who Planted Trees,' a production of The Puppet State Theatre Company. The Friends of Arts Education thanks HSBC on behalf of the thousands of young people in the community that will benefit from this unique arts education experience that also emphasizes stewardship of the environment and the power of one individual to make a difference."

Barbara Applebury, President, Artesia Historical Society, said, "The Artesia Historical Society is very much appreciative of your generous gift. This gift will be used toward our Bus Scholarship program. These tours are for the third grade school classes and will focus on the theme: Change over time in the local area."

Steve Richardson, Executive Director, Cerritos College Foundation, said, "The Cerritos College Foundation is pleased to be the recipient of this $5,000 donation for ESL programs at Cerritos College. We value having a corporate partner like HSBC in our community. This donation will help the college continue the high quality ESL programs that have helped so many individuals further their goals and educational pursuits."

Notes:

About HSBC Bank USA, N.A.

HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA, Inc. It has more than 470 bank branches throughout the United States, with over 370 in New York State. The Bank also operates in Florida, California, Washington, D.C. Pennsylvania, New Jersey, Delaware, Oregon, Washington, Maryland, Illinois, Connecticut and Virginia. HSBC 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 largest bank holding companies by assets. Deposits in the United States are offered by HSBC Bank USA, N.A. Member FDIC.

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1 HSBC Premier is a premium financial management service offering a range of banking, investment and financing solutions. To qualify for HSBC Premier, you need to open a Premier Checking account and maintain $100,000 in combined personal deposit and investment balances. Business owners may use their commercial balances to qualify for personal Premier membership. A monthly maintenance fee of $50 will be incurred if minimum balance requirements are not maintained.

HSBC Premier offers international recognition and support, international services, credit card rewards and protection around the world, and financial planning and wealth management through access to a Premier Relationship Manager. With Premier Centres in 42 countries and territories, HSBC Premier breaks down banking barriers allowing customers to seamlessly bank anywhere in the world.

Within the United States, HSBC Premier Centers can be found in Los Angeles, Miami, New York City, San Francisco, Washington, D.C., Westport, CT., and White Plains, NY.

In addition to Premier Relationship Managers in branches, there are over 250 Premier Centers worldwide. For more information visit: HSBCPREMIERUSA.com.

2 Securities and Annuity Products are provided by Registered Representatives and Insurance Agents of HSBC Securities (USA) Inc., member NYSE/FINRA/SIPC, a registered Futures Commission Merchant, a wholly-owned subsidiary of HSBC Markets (USA) Inc. and an indirectly wholly-owned subsidiary of HSBC Holdings plc. Insurance products are offered through Insurance Agents of HSBC Insurance Agency (USA) Inc., a wholly-owned subsidiary of HSBC Bank USA, N.A., and an indirectly wholly-owned subsidiary of HSBC Holdings plc. Products and services may vary by state and are not available in all states.

3 Mortgage products are offered through HSBC Mortgage Corporation (USA) a wholly owned subsidiary of HSBC Bank USA, N.A. Equal Housing Lender.

4 Credit cards in the U.S. issued by HSBC Bank USA, N.A. or HSBC Bank Nevada, N.A. and are subject to approval.

5 Friends of Arts Education at the Cerritos Center

Org is dedicated to enhancing education through high quality performing arts experiences. The programs serve more than 40,000 teachers, students and families from more than 29 school districts in Los Angeles and Orange Counties annually. The Friends core education program encourages creativity, celebrates diversity, brings learning to life and engages children in the discovery of new ways to see themselves and understand the world around them.

HSBC grant will fund The Puppet State Theatre Company's production of The Man Who Planted Trees and the accompanying Professional Development Workshop training for teachers.

6 Artesia Historical Society

Org offers an interesting interactive school tour program for elementary students through which they learn about the history of the area, play games of the era and do an activity or create a craft, all with knowledgeable docents.

Since the program's inception in 2004, the org has served approximately 2,000 students. Feedback from teachers is consistently positive.

7 Cerritos College Foundation

HSBC funds will be directed to the ESL program serving recent immigrants between the ages of 18-25 years old.

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