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HSBC Opens Flagship New Branch in Middletown, New York

25 January 2011

Brand new state-of-the-art branch premises opens in Middletown.

New York, NY – HSBC Bank USA, N.A, (HSBC) part of one of the world's largest financial services organizations, has officially re-launched itself in the community of Middletown with the opening of brand new state-of-the-art branch premises. 

Located at 545 Route 211 East, Middletown, New York, the 3192 square-foot facility features five 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.

Brand new state-of-the-art branch premises opens in Middletown.

HSBC's Hudson Valley network extends to 12 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 to Middletown and the Hudson Valley in general, with its growing number of internationally connected businesses and individuals who benefit from both an on-the-ground HSBC branch presence and its extensive global reach.

Operating initially with a staff of 12 locally employed banking professionals, the Middletown 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 that allows customers to view and manage all of their international Premier accounts in one place. 

Branch manager, Sean Stewart, has made a career in banking and has worked in relationship and business banking roles across the Hudson Valley for a number of years. Sean and team are able to serve customers in Spanish, Greek, Italian and Yoruba as well as English. Between them they offer more than 100 years worth of combined banking experience.

This morning, HSBC will mark the occasion of its Middletown branch opening with a grand opening ceremony for customers and prospects as well as local dignitaries. During the event, a check for $3000 will be presented to a Middletown-based charity, Action Toward Independence2. Funds will be used to support a drop-in center promoting skills development for local people.

Andy Ireland, Upstate Regional President, HSBC Bank USA, N.A., said, "Middletown, with its increasing international connections, was the obvious place in which to enhance our Hudson Valley branch network. As 'The world's local bank', we fully understand the importance of serving the Middletown community locally while helping them to make the most of opportunities globally."

Stephen McLaughlin, Executive Director, Action Toward Independence, said, "We're extremely pleased to have been recognized in this way by HSBC Bank USA. This generous donation will be used to support locally-based skills development programs."

Note to editors:

Who we are

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.

Lines of Business

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.
 

Media Contacts

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 Action Toward Independence

Action Toward Independence is an independent living center that provides services to individuals with disabilities.  Its programs include advocacy, information and referral, transportation, family support services, peer counseling, equipment loan and repair, recreation, and loans of up to $250 to individuals with disabilities.

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