While it's parent company is making news for an international money laundering scandal, HSBC quietly exits the North Country tomorrow as its remaining branches are transferred to Community Bank. Earlier this year the bulk of HSBC upstate banks were sold to First Niagara.
HSBC and its prior name Marine Midland were for decades a dominant force in local banking, but with a sale pending many customers have migrated elsewhere as confusion and uncertainty shrouded the sales.
The HSBC branches will remain open under their new name, but since they are adjacent to existing Community branches, one has to assume at some point that will change too.
7 comments:
Jeff, is that the way Emily shows up for work? Is there no dress code?
9:15am, maybe that IS the dress code. It's one of the perks of "building your own business."
If it is the way she shows up, I need to be stopping in for a beer!
You forgot to mention why HSBC is in a Šhïtsandwich... forgot the latest scandal involving them, eh? I see, I see.
It's sad how the financial community ruined their reputation to the extent that banks have to leave.
F/U: HSBC scandal reported on from their home base, the UK.
HSBC Money Laundrying Scandal
A Rick Perry "ooops" moment.
Sounds like Obama's banking reform has worked wonders for us Danny boy. I wonder if Holder was involved in this one too. I guess we will never know because he doesn't answer to anyone.
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