HSBC Bank USA, National Association is a full service bank, with a strong branch network in New York State but also operating nationwide. Its holding company, HSBC Holdings plc, is both the world's largest banking group and the world's 6th largest company according to a composite measure by Forbes magazine. HSBC is listed on the London, New York, Hong Kong, Paris and Bermuda Stock Exchanges.
HSBC Bank USA, National Association represents the group’s business in the US, which has been built up via the acquisition of Marine Midland (1980), Republic National Bank (1999), Household International (2003) and Metris Companies (2005) Solstice Capital Group (2006), among others.
FDIC Certificate #
57890
Bank Charter Class
Commercial Bank
Asset Concentration
All other >$1 Billion
Product Specialty
Personal Financial Services
Key Information & News
Number of Branches: 476 offices in the U.S.
Number of Employees: 11,242 employees.
Executives
CEO
Michael F. Geoghegan
CFO
Gerard Mattia
Chair
Sal H. Alfiero
2008 News
The Justice Department has expanded its criminal investigation into foreign banks that sell offshore private banking services to include Credit Suisse and HSBC. (December 1, 2008)
2009 News
It's holding company, HSBC Holdings, the biggest bank in Europe, decided to finally draw a line under its troubled subprime mortgage lender as it asked investors for £12.5 billion, or about $18 billion, of new capital to prepare for further deterioration of the global economy. The bank will retain its credit card business and commercial retail bank in the United States, but the closure of most of its HSBC Finance branches and the reduction of 6,100 jobs will signify the end of HSBC’s push, started six years ago, to grab a share of the subprime market. (March 2, 2009)
