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HSBC Expands Regional Presence with New Branch in the San Jose-Saratoga Area

27 January 2010

Bank continues to expand presence in California

New York, NY - HSBC Bank USA, N.A, (HSBC) 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 northwest San Jose on the border of Saratoga. The addition of this facility extends HSBC'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 the San Jose and Saratoga area, with its high concentration of internationally connected individuals and businesses 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, "The cities of San Jose and Saratoga, with their 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 Bay Area community locally while helping them to make the most of opportunities globally."

Located at 1420 El Paseo De Saratoga, the brand-new, 2,624 square-feet facility features three teller stations, a Premier banking center, conference room, ATM and weekend 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 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.

Branch manager Matt Cherian is a career banker with 10 years professional experience in and around the Bay Area. Matt and team are able to serve customers in Mandarin, Cantonese, Hindi, Russian, Telugu, Malayalam and Armenian as well as English. Between them they offer more than sixty year's worth of combined banking experience.

This evening, HSBC will mark the occasion of its San Jose-Saratoga facility with a VIP Grand Opening Ceremony, during which checks totalling $15,000 will be presented to support local charities, The North American Chinese Educational Foundation (NACEF)5 and Harker School6. All donations will be used to support local initiatives for young people.

Mike Mao, President, NACEF, said, "On behalf of the North America Chinese Educational Foundation, I would like to take this opportunity to thank HSBC for its kind donation and contribution to our youth science education program. We appreciate your assistance and encouragement in achieving our goal of helping young students develops their careers."

Christopher Nikoloff, Principal, Harker School, added, "We are very grateful for HBSC's support of our science research program and symposium. HBSC's contribution will enable our students to explore their scientific interests, contribute original findings to the body of scientific research available, and present those discoveries to the academic and scientific communities."

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:

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 North American Chinese Educational Foundation (NACEF), located in the heart of Silicon Valley, is a nonprofit public organization incorporated under the Nonprofit Public Benefit Corporation Law for charitable purpose. NACEF is exclusively organized for educational and cultural exchange purposes between United States and China. The foundation was initially established in 1998 by a group of enthusiastic Chinese students at Stanford University with the belief that education is a critical requisite and an effective catalyst for social and economic development between those two great countries. Dr. Mike Mao was one of the key founders, then a post doctoral student at Stanford. Today, NACEF continues to operate under the leadership of Dr. Mike Mao.

The first project NACEF took on was China Hope Project. The project's mission was to provide school dropouts in China's poverty-stricken areas with new education opportunities. In January of 1998, NACEF, alone with Chinese Youth Development Foundation (CYDF) and Association of Chinese Students and Scholars at Stanford (ACSSS), launched China Project Hope - Fund Raising in North America. The event gained support and participation from 33 Chinese Students and Scholar Associations from major universities, including Stanford, University of California at Berkeley, Harvard University, Massachusetts Institute of Technology, Yale University and Columbia University and many Chinese community organizations. The event also received coverage by many major newspapers. Today, NACEF continues to be the key driving force for China Hope Project in North America.

6 The Harker School is a private, co-educational, non-profit college preparatory school in San Jose, California, United States. Founded in 1893 as Manzanita Hall by Frank Cramer, Harker has three campuses: Bucknall, Blackford, and Saratoga, named for the streets on which they lie. Bucknall is the Lower School campus, educating kindergarten through grade 5. The Middle School, grades 6 to 8, is on the Blackford campus, and the Upper School, grades 9 to 12, is on the Saratoga campus.

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