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HSBC Expands Regional Presence with New Branch in Walnut

19 February 2010

Walnut facility extends HSBC Bank USA's network in California to more than 35 branches.

New York, NY - 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 Walnut, Los Angeles County,  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 Walnut, 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, "Walnut, with its strong international connections, was 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 Walnut community locally while helping them to make the most of opportunities globally."

Walnut Creek HSBC branch

Located at 515 N. Grand Ave STE I. Walnut, the brand-new, 2,820 square-feet facility features two teller stations, a Premier banking center, ATM and weekend hours, as well off-street parking and the latest in customer-friendly design.

Operating initially with a staff of six locally employed banking professionals, the Walnut 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 Johnny Tseng is a career banker with over seven years professional experience in and around the San Gabriel Valley area. Johnny and team are able to serve customers in two dialects of Chinese (Mandarin and Cantonese) as well as Spanish and English. Between them they offer more than half a century's worth of combined banking experience.

This evening, HSBC will mark the occasion of its Walnut launch with a VIP Grand Opening ceremony, during which two checks totalling $15,000 will be presented to support the Westoff Elementary School and Suzanne Middle School.

Denise, Rendon, Principal, Westhoff Elementary School, said: "Westhoff School is very appreciative of this financial gift, especially during these tough economic times. By investing in our children we are in turn, investing in everyone's future. We are very grateful to HSBC for their generosity."

Lester Ojeda, Principal, Suzanne Middle School, said: "On behalf of Suzanne Middle school staff, students and parents, I would like to thank HSBC for recognizing and valuing the importance of education in the City of Walnut. Our students today will be the leaders of tomorrow. It is a great blessing to work in a community where local business supports our community schools and our children. Your thoughtful donation will be used to continue to support the high level of academic growth that our parents expect."

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 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 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.

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