HSBC Bank USA is a subsidiary of the UK-based HSBC. It has its operational headquarters in New York City and a nominal head office in McLean, Virginia. Officially, the bank is known as HSBC Bank USA, National Association. It’s a national bank governed by the Office of the Comptroller of the Currency (OCC) and chartered under the National Bank Act. It has 230 locations currently.
What time does HSBC Bank USA open?
|Monday||09:00 AM – 05:00 PM|
|Tuesday||09:00 AM – 05:00 PM|
|Wednesday||09:00 AM – 05:00 PM|
|Thursday||09:00 AM – 05:00 PM|
|Friday||09:00 AM – 06:00 PM|
Is HSBC Bank USA open today? Is HSBC Bank USA open tomorrow?
Is HSBC Bank USA open on Saturdays and Sundays? No, it’s closed.
HSBC Bank USA closing time
What time does HSBC Bank USA close? Usually, it closes at 05:00 PM.
HSBC Bank USA is a bank that owes its size and presence today to multiple acquisitions and mergers. The Hongkong and Shanghai Banking Corporation bought a 51% controlling interest in Marine Midland Bank back in 1980. Marine Midland Bank had its headquartered in Buffalo, New York.
HSBC then acquired the remaining interest in the Marine Midland Bank. Both companies continued to run the bank under its original name. In 1998, they rebranded all offices to HSBC Bank.
Four years before the re-branding, Marine Midland had bought Spectrum Home Mortgage which operated in 8 states. In 1995, the bank bought United Northern Federal Savings Bank which had branches in Lowville and Watertown, New York. Marine Midland also bought 6 of The HSBC’s retail branches that were located in New York. It added two of Hang Seng Bank’s New York branches the following year.
More acquisitions followed. Marine Midland added 11 branches to its portfolio which had belonged to the East River Savings Bank. The same year, the company bought JPMorgan Chase’s US dollar clearing business.
In the same period, HSBC gave out two of its branches located in the northwestern United States to HSBC Bank Canada. Marine Midland purchased Canada Trust’s First Federal Savings and Loan branch that was based in Toronto.
This saw Marine Midland acquire assets worth $7.2 billion, 79 New York-based retail branches, 15 mortgage origination offices and 1,600 employees. More acquisitions followed in subsequent years. Marine Midland bought First Commercial Bank of Philadelphia in 1998, Republic New York in 1999.
The company then moved its operations to the current HSBC Tower located in Fifth Avenue from the Buffalo-based One HSBC Center head office. In 2004, it sold two of its branches in New York to City National Bank & Trust Co. New York-based branches were not enough to derive economies of scale.
By end of 2011, HSBC had sold the major parts of Marine Midland. The bank announced new plans to open new branches in 2019. One branch would be located in Depew, New York. It also announced plans to open new a new branch in Western New York in early 2020. The bank is yet to release the official opening date.
HSBC Bank USA Holiday Hours – Open
|February 14||Valentine’s Day|
|March 5||Mardi Gras Fat Tuesday|
|March 17||St. Patrick’s Day|
|April 19||Good Friday|
|April 21||Easter Sunday|
|April 22||Easter Monday|
|May 5||Cinco de Mayo|
|June 16||Father’s Day|
|May 12||Mother’s Day|
|November 29||Black Friday|
|December 24||Christmas Eve|
HSBC Bank USA Holiday Hours – Closed
|December 25||Christmas Day|
|September 02||Labor Day|
|October 14||Columbus Day|
|February 18||President’s Day|
|May 27||Memorial Day|
|July 04||Independence Day|
|January 21||Martin Luther King Jr. Day|
|November 11||Veterans Day|
|November 28||Thanksgiving Day|
|January 01||New Year’s Day|
HSBC Bank USA near me
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HSBC Bank USA, National Association offers current and saving accounts, online banking, mortgage and non-mortgage loan facilities, investment and financial services, and issues business and credit card loans to its customers. The bank serves clients from all over the world.
With over 40 million clients and customers across the world, HSBC is one of the largest financial and banking organizations currently in operation. It serves its customers through three global businesses: Commercial Banking, Global Banking and Markets, and Wealth and Personal Banking.
HSBC provides both online banking and traditional investment and banking services. Its online operation offers higher interest rates on deposit accounts and is able to serve those that want the convenience of a traditional bank with better interest rates for savings.