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HSBC Expands Washington D.C. Area Presence With New Branch in Rosslyn

29 March 2012

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 branch, situated in Rosslyn, Virginia. The addition of this facility extends HSBC's network in the Washington D.C. area to 12 branches, employing scores of local people and serving thousands of business and personal customers.

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

Located at 1600 Wilson Blvd., Suite 807, the Rosslyn branch provides a wide range of financial services to both businesses and individuals. The facility features the latest in customer friendly design with private consultation areas and full-service ATM. 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,'5 a unique online service which allows customers to access and manage all of their international Premier accounts in one place.

Branch manager William (Bill) Powell is a career banker with over 24 years of financial services experience. He and his three-strong team are able to provide banking assistance in four languages (Spanish, Nepalese, Hindi) as well as English. Between them they offer more than 40 years' worth of combined banking expertise.

Mike Privitera, Senior Vice President and District Director, HSBC Bank USA, N.A., said, "Rosslyn, with its sizeable foreign born population and strong international connections is a great place to enhance our Washington D.C. branch network. We fully understand the importance of serving the Rosslyn community locally while helping them make the most of global opportunities."

Bill added: "HSBC has a long and successful history in Washington D.C. We've been building very strong relationships within this community, earning trust from our clients and consistently providing a full suite of innovative banking services. I'm looking forward to helping locally-based internationally oriented customers make the most of their financial ambitions through our unique global perspective."

This evening, HSBC will mark the occasion of its official Rosslyn launch with a grand opening ceremony, during which a check totalling $2,500 will be presented to a local charity: the Hispanic Heritage Foundation6. All funds will be used to support programs for young people.

Antonio Tijerino, President and CEO, said, "the Hispanic Heritage Foundation would like to thank HSBC Bank USA for its generous support."

Note to editors:

HSBC Bank USA, National Association, with total assets of $210.3 billion as of 31 December 2011 (US GAAP), serves 3.8 million customers through its personal financial services, commercial banking, private banking, asset management, and global banking and markets segments. It operates more than 470 bank branches throughout the United States. There are over 370 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., one of the nation's largest bank holding companies by assets. HSBC Bank USA, N.A. is a member of the FDIC.

HSBC in Washington D.C.

Through its network of 12 branches located across Washington D.C., HSBC Bank USA, N.A. offers a full range of banking products and services to individuals, small businesses, corporations and institutions. It leverages HSBC Group's international network to provide market leading product and services to meet its clients growing international needs.

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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 around 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 Premier discounts may require Premier balances, reserves, equity and automatic payment from a Premier checking account. Premier customers will need to maintain combined personal and/or qualifying commercial deposit and investment balances of at least $100,000 USD or equivalent at HSBC (in the U.S. or home country) to be eligible for Premier Mortgages.

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 Established in 1987 by the White House to commemorate the creation of Hispanic Heritage Month, the Hispanic Heritage Foundation (HHF) is a 501c3, nonprofit, leadership organization which leverages established programs, effective platforms, and influential relationships to meet America's priorities in the classroom, community and workforce. HHF also provides role models, cultural pride and a promising future through public awareness campaigns and special events. HHF celebrated their 25th Anniversary in 2011 and looked back on accomplishments but more importantly looks forward to a greater impact on the Latino community and America through their leadership programs.

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