Press Room | HSBC
HSBC Expands Branch Network in Los Angeles
3 October 2009
Opens First San Marino Facility
Mettawa, IL - HSBC Bank USA, N.A. (HSBC) has opened the doors to its latest branch in the heart of San Marino, 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 San Marino, with its high concentration 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 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, Seattle and Washington D.C. With around 30,000 employees and more than four million customers, HSBC North America 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, "San Marino, 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 San Marino community locally while helping them to make the most of opportunities globally."
Located at 2398 Huntington Drive, the brand new 2,700 square-foot facility features two teller stations, private consultation rooms, an ATM and Saturday hours, as well as off-street parking and the latest in customer-friendly design.
Operating initially with a staff of seven locally employed banking professionals, the San Marino branch provides a full range of financial services to both businesses and individuals including Premier1 HSBC's global personal banking service, which provides international recognition, worldwide support, a credit card, single 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. Also offered are mortgages2 loans, wealth management3 and insurance.
Newly appointed branch manager, Jay Ding, is a career banker with seven years business experience in and around the Los Angeles County area. Ding and team are able to serve customers in Mandarin, Cantonese, Shanghainese, Taiwanese, Chu-Chow, Armenian and Russian as well as English, and offer more than 80 years of combined banking experience.
Tomorrow afternoon, HSBC will mark the occasion with a grand opening ceremony at the new branch, featuring a presentation of checks totalling $35, 0000, to the San Marino High School4, San Marino Schools Foundation5 Henry E. Huntington Library and Art Gallery.6
San Marino High School Choir Department, said, "San Marino High School Choral Department greatly appreciates HSBC's wonderful donation to our overall program. All students in our department will benefit from your generosity. We are extremely gracious for HSBC's contribution to education during this difficult time."
Bob Mauser, President, San Marino Schools Foundation, said, "We welcome HSBC Bank to San Marino and we are most appreciative of its generous donation to the Schools Foundation. The support from HSBC Bank helps the San Marino public schools continue to be among the best in the state."
"We welcome HSBC Bank to San Marino and we are most appreciative of its commitment to public education. The San Marino public schools continue to be among the best in the state and we look forward to working with HSBC."
Randy A. Shulman, Assistant Vice President for Advancement, The Huntington Library, Art Collections, & Botanical Gardens, said, "The Huntington is thrilled to be the recipient of major charitable support from HSBC. As the largest Arts and Culture venue in the San Gabriel Valley, we look forward to sharing the benefits of our relationship with HSBC with the greater community."
All donations will be used support local educational and cultural development programs for young people.
Note to editors
About HSBC Bank USA, N.A.
HSBC Bank USA, N.A. has more than 470 bank branches throughout the United States, with over 375 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 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 largest bank holding companies by assets. Deposits in the United States are offered by HSBC Bank USA, N.A. Member FDIC.
- Neil Brazil
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 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 provides international recognition and support, international services, credit card rewards and protection around the world, and financial planning and wealth management through a single 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 Centres can be found in Los Angeles, Miami, New York City, San Francisco, Washington, D.C., Westport, CT., and White Plains, NY. Additionally, there are over 250 Premier Centres worldwide. For more information visit: HSBCPREMIERUSA.com.
2 Mortgage products are offered through HSBC Mortgage Corporation (USA) a wholly owned subsidiary of HSBC Bank USA, N.A. Equal Housing Lender.
3 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.
4 San Marino High School (San Marino Unified School District) [$10,000 donation]
The mission of the San Marino Unified Schools District is to create and maintain a learning environment that fosters in students the ability to make choices based upon well-reasoned strategies; to develop the capacity to respond and adapt to changing circumstances and worldly environments; to gain an appreciate for learning as a lifelong process and to gain the skills and knowledge necessary for a diverse, ever-changing world. HSBC funds will be directed to the Performing Arts Department of San Marino High School, specifically to the following groups within that department: Chamber Choir, Dan Company, Music; Instrumental Music and Newspaper.
(5) San Marino Schools Foundation [$5,000 donation]
The San Marino Schools Foundation is a non-profit organization established in 1980 by parents and community members to raise money for the San Marino Unified School District. The Foundation's fund raising efforts are necessary to main the quality of public education. HSBC's contribution will be directed to the Annual Campaign for Academics.
(6) Henry E. Huntington Library and Art Gallery [$20,000 donation]
Building on Henry E. Huntington's legacy of renowned collections and botanical gardens that enrich the visitor, The Huntington today encourages research and promotes education in the arts, humanities, and botanical sciences through the growth and preservation of its collections, through the development and support of a community of scholars, and through the display and interpretation of its extraordinary resources to the public. The majority of HSBC funds will be directed to youth education programs that support underserved students.
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