Brooklyn's Progress
May 2001

Brooklyn Chamber of Commerce President Kenneth Adams recently announced that HSBC, Inc. increased its membership support of the Brooklyn Chamber to the Champion level. "We are grateful to the HSBC for its continued support of the Brooklyn Chamber," he said. In recognition of its generosity, HSBC receives numerous additional promotional benefits. Brooklyn Chamber Board Member and HSBC Vice President Glenn Brown and HSBC Senior Vice President Trudy Dolley were instrumental in the bank becming a Chamber Champion. HSBC Bank USA is a leading financial services organization with combined assets of the bank and its US holding company, HSBC USA Inc. of $84.8 billion. In addition to having more than 430 branches throughout New York, the institution has seven branches in Florida, two in Pennsylvania, three in California through HSBC’s affiliate, Republic Bank California N.A., and 11 in Panama. HSBC Bank USA was founded in Buffalo in 1850 to finance the shipping trade along the Great Lakes and later expanded across New York State. In 1980, the HSBC Group acquired 51 percent of the Bank. In 1987, the Bank became a wholly-owned subsidiary. The name change to HSBC Bank USA from Marine Midland on March 29,1999 was a result of a worldwide re-branding campaign to strengthen recognition of the HSBC Group as one of the world’s most customer-oriented financial services organizations. In 1999, the bank merged with Republic National Bank of New York Management Sir John Bond is Chairman of the Board of Directors and Youssef A. Nasr is President and CEO. The Bank has more than 600 proprietary ATMs and offers customers accisss to cash form their own accounts through more than 500,000 ATMs in over 100 countries and territories. With some 6,000 offices in 81 countries and territories and assets of $580 billion at June 30,2000, the HSBC Group is one of the world’s largest banking and financial services organizations. For more information about HSBC Bank USA and its products and services visit www.banking.us.hsbc.com.