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HSBC Expands Branch Network in Greater Seattle

4 November 2009

Opens First Mercer Island Facility

Mettawa, IL – HSBC Bank USA, N.A. (HSBC) has officially opened the doors to its latest branch in Mercer Island in the Greater Seattle area. Seattle is already the site of a thriving downtown retail facility and commercial office, which first opened for business in the mid-1970s.

The HSBC Group’s network in over 80 countries and territories is well-aligned to Mercer Island, with its high concentration of internationally-oriented individuals that benefit from both an on-the-ground HSBC branch presence and its extensive global reach.

Mercer Island branch

Today’s announcement is a further example of HSBC’s strategy of expanding in select locations across the U.S. Since 2006, more than 90 branches have been opened in communities across California, Florida, New Jersey, Washington State, Washington D.C. and elsewhere, as well as maintaining a strong presence in New York State. With some 30,000 employees and over four million customers, HSBC-North America is one of the ten largest bank holding companies in the United States by assets and can trace its U.S. heritage back over 140 years.

Dominic O’Hagan, EVP, Regional President, West Coast, HSBC Bank USA, N.A., said, “Mercer Island, with its strong international 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 Mercer Island community locally while helping them to make the most of opportunities globally.”

Located at 2630 77th Avenue, Suite 110, Mercer Island, the brand-new 2,900 square-foot facility features two teller stations, five 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 Mercer Island 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, 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. Also offered are mortgages2 loans, wealth management3 and insurance.

Newly appointed branch manager, Stacey McKinnon, is a career banker with 12 years business experience in and around the Seattle area. Stacey and team are able to serve customers in Cantonese, Mandarin, Chieu Chow, Vietnamese and Spanish as well as English and between them offer more than 56 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 checks totalling $15,000 to the Mercer Island Schools Foundation4 and People For Puget Sound5.

Both donations will be used to support local educational and environmental development programs.

Penny Yantis, Executive Director of the Mercer Island Schools Foundation said, “We’re delighted to be the beneficiary of a HSBC grant. This new community partnership with HSBC will help prepare Mercer Island students for their future. Our schools and teachers are evolving as they teach students how to think, collaborate and be creative and effective in the interconnected world. HSBC's generous support for Expressions, the Mercer Island Schools District's new math curriculum will help deliver a 21st Century education to elementary students across the Island.”

Diane Tilstra, Director of Development, People For Puget Sound, said, “We’re very pleased to welcome HSBC to our community, and grateful for its support to protect and restore Puget Sound. It's going to take all of us working together to save our Sound by 2020. With commitment and leadership like HSBC's, I am confident we’ll achieve our goal and be able to enjoy the beauty and abundance of Puget Sound for generations to come.”

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.

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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 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:

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 Mercer Island Schools Foundation is a public service non-profit, tax –exempt, corporation dedicated to enhancing the quality of education to the 4,000 students and their teachers in the five Mercer Island public schools. Funding improves student learning through district wide academic initiatives, curriculum materials and text book purchases, new AP and Honors classes, support for the arts and technology, classroom enrichment grants rewarding curriculum innovation, training opportunities for teachers and an array of programs that meet students’ special needs.

5 People For Puget Sound’s mission is to protect and restore Puget Sound and Northwest Straits. The projects include invasive plant removal, wetland and nearshore restoration, and removal of structures like bulkheads and other shoreline ‘armoring’. It teaches ‘Puget Sound Literacy’, in which citizens of all ages become aware of the functions of the Puget Sound estuary ecosystem, places in it, its importance to sustaining salmon and other wildlife, and what each of us can do to make a difference.

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