HSBC is a brand name owned by the UK-based HSBC Holdings plc, which is a global financial services company headquartered in London. The origin of this financial giant dates back to 1865, when the Hongkong and Shanghai Banking Corporation was founded in the South East Asian country of Hong Kong, which was then under the suzerainty of the British empire. Following the transfer of sovereignty of Hong Kong to China, the headquarters of the bank was shifted to London as a prerequisite to complete the takeover bid of Midland Bank by HSBC Holdings plc.
In USA, the bank continued its presence as a major shareholder in Marine Midland Bank of New York State until 1998, when the branches of Marine Midland Bank at Buffalo NY and other locations got fully converted into the local branches of HSBC Bank USA. The business that the bank does under this brand name include private & commercial banking, personal finance services, consumer & mortgage lending, credit card, retail services, insurance and taxpayer financial services.
HSBC Group in USA consists of three separate entities, which are HSBC North America Holdings Inc., HSBC Bank USA, N.A., and HSBC Finance Corporation. The last was formerly known as the Household Finance Corporation (HFC), a leading subprime lender and credit card issuer in the United States. Though branches are there at several locations in the country, customers can use their login ID to access the banking services from anywhere anytime. HSBC Direct is a separate division that allows users to access products and services like mortgages, accounts and savings through telephone or Internet.
Keep browsing our website Online Bank Info to learn more about HSBC. Our resources will be helpful in finding the best buy offer from this financial institution.
|Bank Name||HSBC Bank USA, NA|
|Year of Establishment||July 1, 2004|
|FDIC Insured Since||July 1, 2004|
|FDIC Certificate No||57890|
|Number of Branches||241 domestic + 19 foreign|
|Number of ATMs|
|Number of Employees||6,331|
|Number of States Served||12 States|
|Services Offered (Available Accounts)||CDs, Checking, Credit Cards, Debit Cards, IRAs, Savings|
|Mobile and Online Banking|
|Assets (June 30, 2014)||174,566,273|
|Deposits (June 30, 2014)||128,695,282|
|Equity Capital (June 30, 2014)||18,852,151|
|Net Income (June 30, 2014)||242,329|
|Primary Federal Regulator||Office of the Comptroller of the Currency (OCC)|
|Consumer Assistance||http://www.help withmybank.gov/|
|Address||1800 Tysons Blvd, Mc Lean, Virginia 22102|
(Courtesy: FDIC as on June 30, 2014)