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5 October 2010
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 branch, situated in the heart of Potomac, Maryland. The addition of this facility extends HSBC's Mid-Atlantic network to 14 branches, employing scores of local people and serving tens of thousands of customers.
HSBC Group's presence in over 80 countries and territories is well aligned with Potomac, with its high concentration of internationally connected individuals who benefit from both an on-the-ground HSBC branch presence and its extensive global reach.
Aimee Daniels, Mid-Atlantic Regional President, HSBC Bank USA, N.A., said, "Potomac, with its strong international connections, was the obvious place in which to enhance our Mid-Atlantic branch network. As '˜The world's local bank', we fully understand the importance of serving the Potomac community locally while helping them to make the most of opportunities globally."
Located at 10113 River Road, Potomac, the brand-new, 3,150 square-feet facility features teller stations, Premier and business banking offices and a 24 hour drive thru ATM, as well off-street parking and the latest in customer-friendly design.
Operating initially with a staff of seven locally employed banking professionals, the Potomac branch provides a full range of financial services to both individuals and businesses including: mortgages, loans, wealth management, and insurance. Also offered is Premier1, HSBC's global personal banking service, which provides international recognition, worldwide support, a credit card, home-financing options, access to a relationship manager and Global View, a unique service which allows customers to access and manage all of their international Premier accounts in one place.
Branch manager Syed Ashraf is a career banker with over 13 years professional experience in and around the Washington D.C. area. Syed and team are able to serve customers in Hindi, Urdu, and Chinese as well as English. Among them them they offer more than 45 years worth of combined banking experience.
This evening, HSBC will mark the occasion of its Potomac launch with a grand opening ceremony. During the event, a check for $10,000 will be presented to a locally based charity, the Winston Churchill High School (WCHS) Educational Foundation. All funds will be used to support educational programs for young people.
Luana Zimmerman, Board Chairman, WCHS Educational Foundation, said, "We are extremely pleased to have been recognized in this way by HSBC Bank USA. This generous donation will be used to support locally based educational programs for children."
(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 Centers in 42 countries and territories, HSBC Premier breaks down banking barriers allowing customers to seamlessly bank anywhere in the world. United States persons (including U.S. citizens and residents) are subject to U.S. taxation on their worldwide income and may be subject to tax and other filing obligations with respect to their U.S. and non-U.S. accounts (including, for example, Form TD F 90-22.1 (Report of Foreign Bank and Financial Accounts ("FBAR")). U.S. persons should consult a tax adviser for more information.
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)The WCHS Educational Foundation is a community-supported organization dedicated to the improvement of educational opportunities for students in the Potomac community. The Winston Churchill High School Educational Foundation is a nonprofit organization, formed in 2002 by a group of parents, alumni, and administrators, concerned about closing the funding gap and creating expanded educational opportunities for students in the Potomac community. The Foundation is an all volunteer organization. It is overseen by an eleven-member Board of Directors. The Foundation is an independent entity meaning it is not part of the Montgomery County Public Schools and receives no public funding.
HSBC Bank USA, National Association operates more than 470 bank branches throughout the United States. There are more than 375 in New York state as well as branches in Connecticut, Washington, D.C., Florida, New Jersey, Pennsylvania, Maryland, Virginia, California, Delaware, Illinois, Oregon and Washington State. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., an indirect, wholly-owned subsidiary of HSBC North America Holdings Inc. HSBC USA Inc. is one of the nation's largest bank holding companies by assets. HSBC Bank USA, N.A. is a member of the FDIC.
HSBC Bank USA, N.A., with total assets of $186 billion as of 30 June 2010, serves its 3.8 million customers through its personal financial services, commercial banking, private banking, asset management, and global banking and markets segments.
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