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HSBC Expands Regional Presence with New Branch in Mountain View, California

26 January 2010

Facility extends HSBC Bank USA's network in California to more than 35 branches

New York, NY (January 26, 2010) - HSBC Bank USA, N.A, part of one of the world's largest financial services organizations, has officially opened the doors to its latest full-service retail branch, situated in the heart of Mountain View, California. The addition of this facility extends HSBC Bank USA's network in California to more than 35 branches, employing scores of local people and serving tens of thousands of customers.

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

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

Located at 1350 Grant Road, #3, the brand-new, 2,819 square-feet facility features two teller stations, five meeting rooms, a Premier banking center, ATM, weekend hours and off-street parking, as well as the latest in customer-friendly design.

Mountain View front

Operating initially with a staff of seven locally employed banking professionals, the Mountain View branch provides a full range of financial services to both businesses and individuals including Premier1, HSBC's global personal banking service. This offers international recognition, worldwide support, wealth management2, insurance, mortgages3, a credit card4, 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.

Branch manager Phoebe Zhan is a career banker with eight years professional experience in and around the Bay Area. In addition to English, Phoebe and team are able to serve customers in two dialects of Chinese (Mandarin and Cantonese), Hindi, Spanish and Tagalog. Between them they offer more than three decade's worth of combined banking experience.

This evening, HSBC will mark the occasion of its Mountain View launch with a VIP Grand Opening Ceremony, during which checks totalling $15,000 will be presented to support Mountain View Education Foundation (MVEF)5 and The Friends of Stevens Creek Trail6. Both donations will be used to support local community initiatives.

Laura Blakely, President, Mountain View Education Foundation, said: "MVEF is thrilled that HSBC Bank, one of the newest members of Mountain View's business community, has made a leading donation to sponsor MVEF's education programming in recognition of the importance of supporting public education for our children who will become tomorrow's business leaders. MVEF and the City of Mountain View are extremely fortunate to have HSBC demonstrate its leadership as a partner in our community by supporting education for our children."

Aaron Grossman, Executive Director, The Friends of Stevens Creek Trail, said, "The Friends of Stevens Creek Trail gratefully acknowledges HSBC for its outstanding and generous support getting children, adults, and seniors outdoors for fun, health, and enjoying and appreciating the environment. We look forward to many future years of benefit to our community with HSBC."

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., 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 The Mountain View Educational Foundation (MVEF) is a volunteer driven non-profit, a public benefit organization established in 1983. MVEF provides funding for enrichment programs and educational materials to enhance the solid academic curriculum and maintain the high quality of education in the Mountain View Whisman School District in California.

6 The Friends of Stevens Creek Trail promotes community pride and involvement in the completion, enhancement, and enjoyment of the Stevens Creek Trail and Wildlife Corridor.

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