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HSBC Expands Seattle Area Presence with New Branch in Bellevue

10 May 2011

Downtown Union Street branch almost doubles in size

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 Bellevue. The addition of this facility extends HSBC's network in the Seattle area to four branches and more than 40 throughout the West Coast region, employing hundreds of people and serving tens of thousands of customers.

In another local development, HSBC has responded to continued customer growth in its downtown Seattle branch by adding some 2,000 square feet to the existing 523 Union Street facility. This expansion will see the addition of four new locally employed banking professionals to assist with demand for the bank's products and services.

Bellevue branch

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

David Goeden, West Coast Regional President, HSBC Bank USA, N.A., said, "Bellevue, with its strong international connectivity, is a great place to enhance our West Coast branch network. As 'The world's local bank', we fully understand the importance of serving the Bellevue community locally while helping them make the most of global opportunities."

Located at 821 Bellevue Way NE, the brand-new, 2,823 square-feet facility features two teller stations, five meeting rooms and an ATM, as well off-street parking and the latest in customer-friendly design.

Operating initially with a staff of ten locally employed banking professionals, the Bellevue 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 Premier World MasterCard® credit card,4 access to a relationship manager and 'Global View' a unique online service which allows customers to monitor their worldwide HSBC accounts from one place.5

Branch manager, Victor Melnik, is a career banker with over 13 years retail banking experience in the Seattle area. Victor and team are currently able to help customers in Hindi, Spanish, Chinese, Philipino and Russian as well as English. Between them they offer more than one hundred and thirty years worth of combined banking experience.

This evening, HSBC will mark the occasion of its Bellevue official launch with a grand opening ceremony, during which two checks totalling $10,000 will be presented to support the Boys & Girls Clubs of Bellevue6 and Northwest Dollars for Scholars7. All funds will be used to support local programs for young people.

Kathy Haggart, President and CEO, Boys and Girls Clubs of Bellevue, said, "The Boys & Girls Clubs of Bellevue are honored and thrilled to be the recipient of a $5,000 grant from HSBC."

Kristen Schriver, Regional Director, Northwest Dollars for Scholars, said, "Northwest Dollars would like to thank HSBC Bank for its generous support."

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. Deposit products 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 Centers in over 40 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 365 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. In California, HSBC Securities (USA) Inc., conducts insurance business as HSBC Securities Insurance Services. License #: OE67746. 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. California license #: OD36843. Securities, Annuity and Insurance Products are: Not a deposit or other obligation of the bank or any of its affiliates; Not FDIC insured or insured by any federal government agency of the United States; Not guaranteed by the bank or any of its affiliates; and subject to investment risk, including possible loss of principal invested.

3 Mortgage products are offered through HSBC Mortgage Corporation (USA) a wholly owned subsidiary of HSBC Bank USA, N.A. Equal Housing Lender.

4 U.S. HSBC Premier World MasterCard® credit cards are issued by HSBC Bank USA, N.A. or HSBC Bank Nevada, N.A. require a Premier relationship and are subject to credit approval.

5 Global View is not available in all countries.

6 Boys & Girls Clubs of Bellevue

Boys & Girls Clubs of Bellevue currently operates 14 sites within the City of Bellevue including 2 Main Clubhouses, 7 sites in schools, 3 sites in Public Housing Complexes, and 2 dedicated Teen Centers.

Their mission is to enable all young people, especially those who need help the most, to reach their full potential as productive, caring responsible citizens. Since its inception in 1952, the Club has provided the young people of its community with a safe environment where adults respect and listen to them; a place where they can have fun.

7 Northwest Dollars for Scholars

Northwest Dollars for Scholars is working with communities to inspire students to achieve their highest educational and career potential. Its mission is to provide leadership to develop and support a network of community-based scholarship programs that are self-sustaining and perpetual. The Northwest region is the home of over 140 Dollars for Scholars chapters. Each chapter or affiliate raises funds to provide scholarships and college planning assistance for students in their local community. With over 1,100 volunteers working in more than 160 communities, Dollars for Scholars is a true grassroots movement.

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