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HSBC Announces Multi-Million Dollar Investment In Western New York Facilities

01 July 2013

New York, NY - As part of its on-going commitment to the Western New York region, HSBC Bank USA, N.A. (HSBC) today announced a $35m investment in its Buffalo-area operations focusing on the complete renovation of its downtown Atrium building and suburban corporate facility in Depew.

Ribbon cutting

Work has already begun on extensively refurbishing both buildings and the project is expected to be completed within the next two years. Upgrades include: new carpeting, new ceilings, new furniture and a complete re-branding of the work areas. HSBC will additionally be enhancing the technology to further enable WIFI and video conferencing as well as deploying a state-of-the-art telecommunications system. Cafeterias and other employee amenities will also be notably refreshed.

Once complete, these renovations will place the two facilities among the highest standard workplaces currently in use across the entire HSBC Group. In particular, The Atrium building will achieve LEED1 certification, reflecting the significant environmental upgrades to building systems and energy efficiency planned throughout.

"This is one of the most significant capital investments that HSBC has ever made in the United States," said Greg Zeeman, Senior Executive Vice President and Chief Operating Officer, HSBC USA Inc. "It's a sign of the strategic importance we place in Western New York, both as a commercial banking center and major operational site, with over 3,000 HSBC professionals located here."

The capital investment is just one of several ways in which HSBC and its employees are actively engaged with the Western New York community. The bank works closely with several regional non-profit organizations through employee volunteerism and corporate partnerships and continues to support a number of local arts and cultural organizations though a newly-established employee discount program. HSBC's global education initiative, Future First, has additionally awarded significant funds to the United Way of Buffalo and Erie County, the Buffalo Urban League and Buffalo Prep.

As HSBC continues to repurpose its real estate requirements in Western New York, it has provided the bank with a valuable opportunity for further regional engagement. HSBC is currently in the process of donating office supplies to Teachers Desk, a local charity which provides school and office supplies to teachers for their classrooms. The bank is also sharing its corporate art collection and surplus fixtures and fittings with the local community via auction as well as donations to several non-profit organizations.

Note to editors:

HSBC Bank USA, National Association, with total assets of $183.9bn as of 31 March 2013 (US GAAP), serves 3 million customers through retail banking and wealth management, commercial banking, private banking, asset management, and global banking and markets segments. It operates more than 250 bank branches throughout the United States. There are over 165 in New York State as well as branches in: California; Connecticut; Delaware; Washington, D.C.; Florida; Maryland; New Jersey; Pennsylvania; Oregon; Virginia; 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 Bank USA, N.A. is a member of the FDIC.

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