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In 2004, HSBC USA sold two upstate New York branches to Gloversville-based City National Bank & Trust Co. [6] HSBC did not have enough nearby branches to give it economies of scale. In July 2011, the company sold its branches in upstate New York to First Niagara Financial Group for $1 billion, effectively selling-off the core of the old Marine ...
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HSBC UK Bank plc is a British multinational banking and financial services organisation based in Birmingham, England.It is a wholly owned subsidiary of the global HSBC banking and financial group, which has been headquartered in London since 1993.
Marine Midland was founded as Marine Bank, a state-chartered bank, on July 10, 1850, with capital of $170,000. It was founded by eight men from across New York—General James S. Wadsworth of Geneseo, J. P. Beekman of Kinderhook, New York, John Arnot of Elmira, John Magee and Constant Cook of Bath, William R. Gwinn of Medina, and George Palmer and James M. Ganson of Buffalo.
In May 2021, HSBC announced the exit of US retail banking business by selling 10 California branches to Cathay Bank and 80 branches to Citizens Financial Group and closing the remaining branches. [101] The bank said it intends to focus on the banking and wealth management needs of globally connected affluent and high net worth clients. [102]
HSBC, the report said, didn’t just look the other way when it came to illegal transactions. Bank employees stripped out references to Iran, which was under U.S. sanction, to avoid detection. HSBC’s Mexico operation also ran a special “Cayman Islands branch” where any Mexican citizen could open a U.S. dollar account.
HSBC has been operating in Lebanon since 1946. It maintained a network of four offices in St. Georges Bay, Dora, Achrafieh and Ras Beirut which is supported by telephone and internet banking services. On 16 November 2016, HSBC announced the sale of its Corporate, Retail Banking and Wealth Management business to BLOM Bank.