HSBC Bank USA

HSBC Bank USA, N.A.
HSBC USA Inc.

Type	Subsidiary of HSBC Holdings plc
Industry	Finance and Insurance
Founded	1850 (as Marine Midland Bank)
Headquarters	452 Fifth Avenue, New York City, New York, USA
Key people	Patrick Burke (Chairman, President, and CEO)
Products	Financial Services
Number of employees	43,000 (including HSBC Finance Corporation)
Parent	HSBC
Website	www.us.hsbc.com

HSBC Bank USA, National Association, is an American subsidiary of UK-based HSBC Holdings plc, is a bank with its operational head office in New York City and its nominal head office in McLean, Virginia (as designated on its charter). HSBC Bank USA, N.A. is a national bank chartered under the National Bank Act, and thus is regulated by the Office of the Comptroller of the Currency (OCC), a part of the U.S. Department of the Treasury.

The Hongkong and Shanghai Banking Corporation acquired a 51% shareholding in Marine Midland Bank of New York State, headquartered in Buffalo, New York, in 1980 and extended to full ownership in 1987. The banks continued to operate under the Marine Midland name until 1998, when the offices were rebranded as HSBC Bank USA in line with the worldwide corporate identity of HSBC.

In 1994, Marine Midland acquired Spectrum Home Mortgage, which operated in eight states. Then in 1995, Marine acquired United Northern Federal Savings Bank, with branches in Watertown and Lowville, New York. Marine Midland also acquired The Hongkong and Shanghai Banking Corporation's six New York City retail branches, and the next year Hang Seng Bank's two branches in New York City.

That same year, Marine Midland acquired 11 branches from the East River Savings Bank in the New York Metropolitan area. Marine also acquired the US dollar clearing business of JPMorgan. At the same time, HSBC transferred two branches in the northwestern United States to HSBC Bank Canada. The next year, Marine completed its acquisition of First Federal Savings and Loan from Toronto-based CT Financial Services, for $620 million. First Federal Savings, headquartered in Rochester, had $7.2 billion in assets, 1,600 employees, 79 retail branches in New York State and 15 mortgage origination offices in nine states.