News Release

HSBC Bank USA Opens Harlem Branch

4 November 2002

NEW YORK – HSBC Bank USA today announced the opening of its Harlem branch, located at 3410-3418 Broadway (139th Street).

"Harlem is one of the New York Citys best known and most historic neighborhoods, noted David Kotheimer, Regional President for Metropolitan New York. Were delighted that we are now a part of this vibrant, diverse community and look forward to developing long-standing relationships with the business community and people who live and work here."

The Harlem branch joins HSBCs network of approximately 100 branches in New York City and more than 200 in the metropolitan area. The branch will be open Monday Friday, 8:30 a.m. 4:00 p.m. with Saturday hours 9:00 a.m. 1:00 p.m. Products and services include:

Savings and checking accounts
CDs and money market accounts
Mortgage and home equity loans
Mutual funds, fixed and variable annuities,
Insurance products
Term loans and lines of credit for small businesses
An ATM is available 24-hours a day. To meet the needs of the local community, the branch will offer bilingual (English and Spanish) teller and platform services. A financial advisor will be available at the branch.