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HSBC's Arch Street Branch Officially Re-Opens After Multi-Million Dollar Upgrade

15 December 2011

Bank marks re-opening with $10,000 donation to two local charities

New York, NY - HSBC Bank USA, N.A, (HSBC) part of one of the world's largest financial services organizations, celebrates the official re-opening of its Philadelphia Chinatown branch tonight with a VIP event for customers and local dignitaries. Located at 1027 Arch Street, the branch has been extensively renovated and now features some of the very latest in customer-friendly design and banking technology.

Operating with a staff of 17 locally employed banking professionals the Arch Street branch provides a full range of financial services to both businesses and individuals. The 5000 square foot facility features five teller stations, Premier and Business banking receptions areas, eight meeting rooms and a 24 hour ATM, as well as convenient parking nearby.

Arch Street Branch Photo

Branch manager Danny Chan is a career banker with over 17 years professional experience in and around the Philadelphia area. Danny and team are able to provide assistance in seven languages (Mandarin, Cantonese, Spanish, Taiwanese, Indonesian, Hindi and Fuzhounese) as well as English. Between them they offer more than 230 years worth of combined banking experience.

A key area of focus for the branch is Premier1, 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.

Michael Privitera, District Director, Mid-Atlantic Region, HSBC Bank USA, N.A., said, "Philadelphia, with its long history and strong international connections, was the obvious place in which to enhance our Mid-Atlantic branch network. We fully understand the importance of serving the Philadelphia community locally while helping them to make the most of global growth opportunities."

During this evening's event HSBC will mark the occasion of its Arch Street branch re-launch with a presentation of checks totalling $10,000 to two local charities: Folk Arts - Cultural Treasures Charter School5 (FACTS) and the Asian American Women's Coalition6 (AAWC). All funds will be used to support local community programs.

Dr. Susan Stengel, Principal and Executive Director, FACTS, said: "We're delighted to receive this donation. HSBC's support will help fund programs committed to arts education, folk arts, respect for language, language diversity and community-based learning."

Margaret Chin, President, AAWC, said: "This generous contribution will support the Cecilia Moy Yep Scholarship Fund. Now in its 25th year, the fund provides scholarships to help Asian-American female students in financial need who have excelled in their studies."

Note to editors:

About HSBC Bank USA, N.A.

HSBC Bank USA, N.A. currently 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.

HSBC in the Mid-Atlantic

HSBC first established a Mid-Atlantic branch presence in 2004 with an office on Connecticut Avenue, Washington D.C. Since that time it has grown to a network of 15 branches located in internationally connected gateway areas across the region.

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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.

5 The Folk Arts - Cultural Treasures Charter School (FACTS) is a community oriented public K-8 charter school located in Chinatown North. It was the first publicly funded school in the Chinatown neighborhood. FACTS mission is to provide children with an education which has high academic standards, is truly community based, incorporates and respects the lives of students and their families, engages students in understanding their own cultures and communities, and engages students in understanding their role as active participants in working for a just society.

6 Asian American Women's Coalition's mission is to promote the advancement of Asian American women through leadership and mutual support.

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