Investments that are not held in your brokerage account, such as annuities or 529 College Savings plans, were not included in the agreement to transfer certain accounts to Citizens. Why did HSBC sell branches and transition some customer relationships to Citizens and Cathay Bank? Photo: Georgina Lee. Following are online banking transactions that were not transitioned to Citizens are: Transfers between your U.S. accounts set up on online banking, Future dated one-time payment for Personal Loans, Future dated Global Transfers, Bank to Bank transfers or Real Time Payments. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook. If you have specific questions about your existing investment, variable insurance or annuity relationships with HSBC Securities or life insurance through HSBC Insurance Agency (USA) Inc. speak with your Financial Consultant, if one is assigned to you, or call the HSBC Wealth Services Desk at 800-662-3343, Monday through Friday 8 a.m. 6 p.m. The announced transactions are expected to close by the first quarter of 2022, subject to regulatory approvals. The branches to be acquired will operate as HSBC branches until closing and will be re-branded as Citizens branches immediately upon closing of the transaction. Community Reinvestment Act and HSBC Community Development, us.hsbc.com/credit-card-resource-center/manage-account/rewards. For more details, please visit www.about.us.hsbc.com/movingforward, Heidi Ashley Recurring transactions from merchants with your account information on file (ACH Debits) until April 19. Note: HSBC is not responsible for any content on third party sites, nor does a link suggest endorsement of those sites and/or their content. Will this transfer effect my credit bureau FICO score? Yes, you will be assigned a replacement account number. How do I redeem rewards during the transition of my account? Feb 23, 2022 10:26AM EST. It provides clients with wealth, business and family succession solutions in the largest and fastest growing markets around the world. Accounts of Retail Business Banking customers (small businesses with annual sales of US$5 million and under) were transitioned to Cathay Bank on February 4 and Citizens on February 18. It will continue to serve more affluent and wealthy international customers in the US, as well as companies with large international businesses. HSBC Private Bank seeks to be the leading international private bank for business owners and their families. HSBC Bank USA, N.A. If you believe you are subject to protection under the Bankruptcy Code, please contact our Customer Service Department at your earliest convenience so that we can update the records applicable to this account, if appropriate. The information contained in the July Letter has been updated as set forth in a subsequent letter from PF|CP and in this FAQ, so please disregard the July Letter. 3. Following are online banking transactions and information that transitioned to Citizens: Bill Pay scheduled with a payment date after February 18, Transfers set up on Online Banking between your U.S. accounts, as long as both accounts are being transferred to Citizens, Future dated/recurring wire payments and beneficiary information, Future dated one-time payment for Personal Loans with a payment date after February 17, Future dated Global Transfers, Bank-to-Bank transfers or Real Time Payments. The deal comes with $9 billion in deposits and $2.2. Citizens Financial Group Inc. plans to be known simply as Citizens at its new bank branches as the former regional bank grows as a national brand with more acquisitions likely, according to CEO . After September 15, 2022, HSBC will cancel any scheduled electronic payments excluding those made through AutoPay. After 12:00 PM ET, September 17, 2022, you can make payments by enrolling in online or mobile banking, or by calling PF|CP Customer Service. First in May, Citizens announced plans to acquire much of HSBC's US business, including 80 branches on the East Coast and all of the British bank's US online franchise. The deals are expected to close in the first quarter of 2022. ET. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. You will continue to receive monthly billing statements from PF|CP until your balance is paid in full. Additionally, the transactions have no impact on the investment relationships for our qualifying Premier customers, our Jade customers or our Private Banking customers. Weve made some exciting enhancements to help you make your day to day banking better. We will wind down the residual branches, between 35-40, not subject to sale or repurposing. A formal US Securities and Exchange Commission filing under Form 8-K will be made available on the HSBC investor relations website at www.about.us.hsbc.com/investor-relations/hsbc-usa. You are leaving HSBC.com. It complements our existing franchise and helps advance our digital-first national expansion strategy, giving us a strong foundation to drive further growth and gain scale. Will my account remain enrolled in that program? We expanded our ATM network to include 43,000 additional surcharge-free ATMs in the US and 55,000+ worldwide. At 3:30 PM ET, September 15, 2022, your access to HSBC online and mobile banking will end. What can you tell me about HSBC Bank Wealth Centers? PROVIDENCE, R.I., February 22, 2022--Citizens Financial Group, Inc. (NYSE: CFG or "Citizens") today announced the closing of its previously announced acquisition of 80 East Coast branches and the . HSBC One is the one bank account you need to empower your financial wellbeing and become money smart every In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a customer contact center and the convenience of approximately 3,000 ATMs and approximately 1,000 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. serves customers through retail banking and wealth management, commercial banking, private banking and global banking and markets segments. 1Data rate charges from your service provider may apply. PF|CP describes itself and the Program as follows: The Premier Finance Card Program (PF|CP) is a credit card program provider sponsored by First Bank & Trust, which is one of the leading consumer credit card issuers. This next chapter of HSBCs presence in the US will see the team focus on our competitive strengths, connecting our global wholesale and wealth management clients to other markets around the world.. If you are enrolled in a mobile wallet, just before transition, after 3:30 PM ET, September 15, 2022, you will no longer be able to access your HSBC credit card in that manner. How will these agreements affect business accounts? The updated policy will support the transition towards a net zero future by 2050 or sooner. HSBC to sell 90 branches to Rhode Island's Citizens Bank and California's Cathay Bank as it exits the retail mass-market banking in the United States. is not responsible for these charges. If only some of your accounts were transferred, those accounts have been moved from HSBC. It also plans to wind down around 35 . The transaction is expected to be immediately accretive to Citizens earnings per share and generate an internal rate of return of approximately 20 percent. Since the July letter, it has become necessary to change the date of the transfer to September 17, 2022, from August 20, 2022. Representatives are available 8:30am-4:15pm ET Monday through Friday. Will my Personal Identification Number (PIN) change? This transaction is expected to close in the first quarter of 2022, subject to customary closing terms and conditions and regulatory approvals. In addition, the $7 billion net deposit position provides us significant long-term funding flexibility in support of our attractive loan growth opportunities., We are excited to welcome the HSBC employees and customers to Citizens, said Brendan Coughlin, Citizens Head of Consumer Banking. Business banking relationships also transferred to Citizens. When will I receive my replacement PF|CP credit card? HSBC Holdings plc (HSBC) today announces that it will exit its US domestic mass market retail banking business through several transactions, pending regulatory approval. PROVIDENCE, R.I.-- ( BUSINESS WIRE )--Citizens Financial Group, Inc. (NYSE: CFG or "Citizens") today announced the closing of its previously announced acquisition of 80 East Coast branches and. For West Coast customers, banking relationships transitioned to Cathay Bank but investment and insurance relationships did not as they were not part of the agreement. (HSBC) has sold a number of credit card accounts to First Bank & Trust. Which HSBC locations transitioned to Citizens? Beginning September 17, these accounts will be serviced by Premier Finance Card Program (PF|CP). The 80 branch purchase includes 66 locations in the New York City Metro area, 9 locations in the Mid-Atlantic/Washington D.C. area, and 5 locations in Southeast Florida. The revised rates came into effect from 19 December 2022. For questions about HSBC Securities (USA) Inc. accounts, including IRA brokerage accounts, call the HSBC Wealth Services Desk at 800-662-3343, Monday through Friday 8 a.m. 6 p.m. Citizens Buys HSBC Branches and Scales Up Expansion Loaded 0% - Series Citizens Bank Buys HSBC Branches and Scales Up National Expansion June 29, 2021 17:00 PM PST - Updated June 30, 2021. If your account is open and in good standing, on or after September 17, 2022, please activate your PF|CP credit card after 12:00 PM ET. Citizens Financial Group, Inc. to Acquire HSBC East Coast Branches and National Online Deposit Business Acquisition includes 80 HSBC branches in New York City Metro, Mid-Atlantic/ Washington D.C. and Southeast Florida with approximately $9.0 billion in deposits and $2.2 billion in loans Our continued presence in the US is key to our international network and an important contributor to our growth plans. Cathay Bank has entered into an agreement to purchase the West Coast domestic mass market and retail business banking businesses, including 10 branches and approximately 50,000 customer relationships with US$1.0bn in deposits and US$ 0.8bn of outstanding loans as at 31 March 2021. They include: As a result, HSBC Bank USA, N.A. You can visit the PF|CP Coming Soon page now by going to. Member FDIC. Applicants need to activate their service membership within 12 months of account opening. Small business customers who are part of the agreement with Cathay Bank or Citizens can contact Cathay Bank or Citizens to inquire about this service moving forward. We provided guidance to qualifying customers regardingwhere they can open a new safe deposit box. Community Reinvestment Act and HSBC Community Development, Citizens Information for International Customers. Yes, on September 17, 2022, your accumulated rewards balance will be transferred to PF|CP. HSBC Global Money Account is a prepaid, multi-currency account available on our the HSBC Mobile Banking App for customers who maintain an HSBC consumer deposit account. Feel free to call us if there are any questions. What should I do if I have additional questions? See our Cookie Policy. Quinn has previously argued that the US remains a necessary market for its aspirations as an international bank, but needed to be smaller and more focused. When did I become a customer of Cathay Bank? Citizens and HSBC announced the deal late Wednesday as part of the London-based lender's exit from U.S. retail banking. Customers who are affected by this re-alignment received a letter explaining that they needed to visit their HSBC branch and retrieve the contents of their safe deposit boxes to retrieve the contents within 60 days of our first notice. Combined, those businesses held US$10.2 billion in deposits and US$3 billion in outstanding loans as of March 31. Information about the HSBC Bank Wealth Centers is available at. Please stop using it at that time. Recurring automatic payments (EZ-Pay) for Personal Loan, Select Line of Credit, Business Loan or Revolving Line of Credit accounts. Member FDIC. The next website will open in a new browser window or tab. After the transfer, PF|CP will service your account and provide a new online experience for you to manage payments, alert settings, statement preferences, and more. ACH Direct Deposits will be transferred to your new account until May 19. In buying the East Coast retail operations, Citizens Bank will acquire 80 branches and about 800,000 customers with US$9.2 billion in deposits and US$2.2 billion in outstanding loans. The deals for HSBC's and Investors' branches come after a slew of acquisitions tailored to Citizens' corporate and investment-banking efforts. View source version on businesswire.com: https://www.businesswire.com/news/home/20210526006133/en/, Media: Peter Lucht 781.655.2289 3%. The Current Account Switch Service makes switching from your old current account to us quick and simple. A presentation providing additional information on the transaction is available at https://investor.citizensbank.com/about-us/investor-relations/events-and-presentations/2021.aspx, Cautionary Statement About Forward-Looking Statements. HSBC Bank USA, N.A. Please refer to your Rewards Program Rules that will be included with your PF|CP credit card, which you should receive by early September. Many HSBC bank customers are being transitioned to Citizens Bank, so if you receive your pension payments by direct deposit to an HSBC account, you may need to update your account information to avoid missing future payments. +44 (0) 7920 254057 We thank those customers for their business. You need the sort code and account number to set these up. Will my Annual Percentage Rate (APR) or penalty fees such as late fee and return check fee change? Client need a referral from US bank branch managers. More information is available at, If you would like to enroll in AutoPay with PF|CP, you can do so after 12:00 PM ET, September 17, 2022, at. ATMs are available at HSBC Wealth Centers. richard.j.oconnor@hsbc.com. The risk weighted assets (on a PRA basis) associated with the announced transactions were c.US$1.8bn at 31 March 2021 and no material impact is expected on the Groups CET1 ratio. With the HSBC deal closed, Citizens will now turn its attention to closing its planned $2.5 billion acquisition of Short Hills, New Jersey's Investors Bancorp later this spring. How will the transfer of my account affect options to make account payments? Citizens is getting 66 branches in the New York City area, nine in the mid-Atlantic and Washington, D.C., area, and five in southeast Florida. Insurance and annuity relationships are not impacted by the transaction with Cathay Bank. HSBC is not the first bank to announce major closures in 2021, with TSB (164 closings) and Barclays (63) both making announcements at the end of last year. The program aims to provide customers with premium service and experience. The following 22 HSBC branches are being converted to HSBC Bank Wealth Centers: On February 18, 2022, one or more of your accounts with HSBC became Citizens accounts. First Bank & Trust's experience in partnering with Fintech companies nationwide centers around the shared goal of developing market-leading solutions that deliver consumer-friendly, sustainable, innovative, and compliant financial services products on a national scale. Under the agreement, Citizens will acquire approximately $9.0 billion in deposits and approximately $2.2 billion in loans for a 2.0 percent premium paid on deposits at closing. How will these agreements affect me? In preparation for a smooth transition of one or more of your accounts to Citizens, we changed your account statement format from a combined statement to individual statements for each account. Noel Quinn, Group Chief Executive of HSBC, said: We are pleased to announce the sale of the domestic mass market of our US retail banking business. How will my business access Night Drop services? **The company must appear in our payee look-up or standard . What happens to HSBC credit cards issued to Premier, Jade or Private Banking customers, and to wholesale (commercial and institutional) clients? When should I stop using my HSBC credit card? Following are transactions and information that transitioned to Citizens: From February 21, 2022, to April 19, 2022, HSBC will forward any presented checks to Citizens so they can post to your new account. "The US plays a large role in HSBC's Asia growth strategy, particularly in support of our ambitions to become the leading wealth manager in Asia," said Greg Hingston, HSBC's Asia Pacific regional head of wealth and personal banking. They can contact their Relationship Manager for more information. A strong, internationally connected US business is an important part of HSBCs value proposition, and we are excited to be focusing the US business in areas of competitive strength. If you are enrolled in a program that offers rewards, and your account is open and in good standing: You can redeem existing rewards with HSBC until 3:30 PM ET, September 15, 2022, at, After 12:00 PM ET, September 19, 2022, you can begin redeeming rewards at. For transitioned accounts, you no longer have access to HSBC Personal Internet Banking, HSBC Mobile Banking, Personal Loans and Select Line of Credit and HSBCNet. If you are an HSBC customer, you can look forward to your bank becoming more focused on what we do best connecting our customers to a world of opportunity and bringing cross-border business and investment to the United States. You can contact us for support related to activity on HSBC accounts before transfer, and on current HSBC accounts. All other personal account types will remain with HSBC. HBUS has entered into sale agreements, subject to regulatory approval, with Citizens Bank and Cathay Bank for certain parts of the Business. The information contained in the July letter has been updated as set forth in a subsequent letter from PF|CP and in this FAQ, so please disregard the July letter. HSBC Bank USA, N.A. If your account is being transferred, youll see a message at the top of the account page indicating that later this year one or more of your HSBC credit card accounts will be transitioned to PF|CP, issued by First Bank & Trust. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. We are here to help after February 4 when one or more of your accounts have transferred to Cathay Bank. The description of those service differences is based upon information provided to us by Citizens. Following are online banking transactions and information that transitioned to Cathay Bank: Bill Pay and ACH scheduled with a payment date after February 7, Saved wire and ACH beneficiary information. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Premier, Jade and Private Banking clients who will remain with HSBC have transitioned to one of the new 22 HSBC Bank Wealth Centers. Your HSBC ATM/debit card and transitioned credit cards are deactivated. It opened in 1986. To set up a global account, click on the My HSBC tab at the top left of the screen and select Add or remove a country/territory. After 12:00 PM ET, September 17, 2022, you can schedule electronic payments with PF|CP. HSBC India has hiked the interest rates on domestic FDs of less than Rs 2 crore. Other retail banking and wealth customers transitioned to Citizens or Cathay Bank in February 2022. At the same time, I am very pleased that we were able to execute this strategic repositioning at pace. All Rights Reserved. .cookie-notification--external .cookie-notification__inner .cookie-notification__body{ padding-left:5px; } Citizens Financial Group, Inc. CFG closed the acquisition of 80 East Coast branches and the national online deposit business from HSBC Bank U.S.A., N.A. HSBC has 16 branches on Long Island. Which accounts transitioned? HSBC, Europe's largest bank, had just been caught allowing a network of drug kingpins, including the notorious Joaqun "El Chapo" Guzmn, to launder more than $880 million through its accounts. Uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include the failure to consummate this transaction or to make or take any filing or other action required to consummate any such transaction on a timely matter or at all. Just 10 days after agreeing to sell its upstate New York branches, HSBC Holdings Plc agreed Wednesday to unload the bulk of . Support this work for $1 a month. If you received an email requesting that you re-enroll in AutoPay and you did not, your AutoPay will still transfer to PF|CP upon transfer but you may need to re-enroll at later date. Where can I find more information about other Cathay Bank locations? HSBC is uniquely positioned to capture more of this US$5 trillion market. 0. HSBC first entered the US retail banking market when it acquired a controlling stake in Marine Midland Bank in 1980. HSBC said 81 of the affected branches are within one mile of a Post Office, where customers can carry out day-to-day transactions. Which HSBC credit cards are part of the sale? Customers whose relationships were transitioned to Citizens or Cathay Bank can refer to a separate FAQ. "There is a role for an international bank, particularly one that is capable of bridging the East and the West.". Citizens Financial Group, Inc. (NYSE: CFG or Citizens) today announced that Citizens Bank, N.A. Endless possibilities, diverse outlooks. Dont forget to update account information with your depositor. Cash back on all purchases in the first 12 months from account opening, up to the first $10,000 in purchases. These locations are a core part of our wealth strategy: To focus on what we do best connecting our customers to a world of opportunity and bringing cross-border business and investment to the United States. In the United States, deposit products are offered by HSBC Bank USA, N.A., Member FDIC, investment and brokerage services are provided through HSBC Securities (USA) Inc., (Member NYSE/FINRA/SIPC) and insurance products are provided through HSBC Insurance Agency (USA) Inc. HSBC Holdings plc, the parent company of HSBC, is headquartered in London. Should you have immediate questions, please reach out to your HSBC Relationship Manager. No, your PF|CP account will not charge this fee. Original review: Dec. 29, 2022. HSBC is selling 80 East Coast branches to Citizens Bank, and 10 West Coast branches to Cathay Bank. Date: Date: 13 Dec 2021. Cash back on . We look forward to serving these new customers and showing them all that Citizens can do for them.. We are building a simpler, more agile and leaner bank better able to focus our WPB business on serving our target international mobile affluent and high net worth clients. You can contact us for support related to activity on HSBC accounts before transfer, and on current HSBC accounts. Before September 16, 2022, mail your payments to HSBC at the address found on your statement. The following HSBC credit card products are being transferred: CUSTOMERS WHO ARE IN BANKRUPTCY OR WHOSE CREDIT CARD OBLIGATION HAS BEEN DISCHARGED. If you have accounts transitioned to Citizens and live outside the United States, HSBC sent an email about some differences in access and servicing as a Citizens customer. And if you haven't already, it's easy to enroll in Citizens Bank Online. In 2020, we set out a plan to shift our business strategy in the United States to maximize the connection between our clients and our world-class international network. Investors: Kristin Silberberg 203.900.6854, Copyright 2023 Citizens Financial Group, Inc. All rights reserved. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets You can also visit the Cathay Bank website or call Cathay Customer Service at 800-922-8429. PF|CP will have your last 13 months of HSBC statements, which you can access when you enroll in PF|CP online banking at, If you think you may need any HSBC statement history prior to 13 months, please download these statements prior to September 15, 2022, by going to HSBC. Citizens Bank and Cathay Bank, subsidiaries of Citizens Financial Group and Cathay General Corp., have agreed to buy HSBC's businesses on the east and west coasts, respectively. HSBC is selling its East Coast branches to Citizens and its West Coast branches to Cathay Bank as part of its exit from most of its U.S. banking operations. "Our refreshed strategy in the US will allow us to better serve the needs of our international wealth clients, who continue to consider the US for international education, property, investment diversification, career and family mobility and business expansion, among others. .cookie-notification--external .cookie-notification__inner .cookie-notification__body{ padding-left:5px; } The Current Account Switch Guarantee covers most of UK current accounts. 25,000 per beneficiary, per account, per day. HSBC Commercial Banking customers who utilized Night Drop have been notified and can contact their Relationship Manager or branch team to learn about steps to take to continue Night Drops. HSBC uses cookies to give you the best possible experience on our websites. Where will HSBC Bank Wealth Centers be located? Top Rewards Rates. Lloyds Banking Group has also confirmed that it will proceed with the closure of 56 branches this year - across its Lloyds, Halifax and Bank of Scotland brands - a move which it had paused . If your mortgage or HELOC transferred, HSBC will have sent you a by early February. HSBC, the biggest of Hong Kong's three currency-issuing banks, said on Thursday it will exit its mass-market retail business in the United States and focus on serving wealthy clients and international companies there as part of the 156-year-old lender's latest revamp under CEO Noel Quinn. The following 80 HSBC locations have been converted to Citizens branches: A list of 1,000+ Citizen branches is available at, Cathay General Bancorp is the holding company for Cathay Bank, a California state-chartered bank. PF|CP mailed its first letter informing you that ownership of your account was to transfer as of August 20, 2022 (the July letter). It took full ownership of the Buffalo, NY-based lender seven years later. HSBC uses cookies to give you the best possible experience on our websites. Following are transactions and information that did not transition to Citizens: One-time future dated payments set up through the branch or contact center with a payment date after February 17 to personal Credit Cards, Select Line of Credit or Personal Loan accounts. Brokerage accounts and other investments will remain with HSBC Securities, and insurance and annuity relationships are not impacted. Our HSBC Wealth Services Desk contact information is noted below. The bank bought boutique firms JMP Group and DH. Why did HSBC sell some retail credit card(s)? Theyll be there to serve your financial needs, working with you to make connections to the right resources here in the U.S. and around the world. And any payments sent to your old account will be automatically redirected to your new one. Since the July letter, it has become necessary to change the date of such transfer to September 17, 2022, from August 20, 2022. *** HSBC will continue investing in US international wholesale banking franchise ***. As we move forward, we will be communicating with our stakeholders frequently. Aug 11, 2011 Updated Feb 23, 2021. Do you have questions about the biggest topics and trends from around the world? You can chat with us 24 hours a day, 7 days a week on the HSBC Mobile Banking App1 or at, After 12:00 PM ET, September 17, 2022, please visit. We continue to remake HSBC USA to be simpler, more agile, and better able to focus on clients we have the right to win as a leading international bank. First Bank & amp ; Trust outstanding loans as of March 31 guidance to qualifying customers regardingwhere they can US. Bank & amp ; Trust monthly billing statements from PF|CP until your balance is paid in full beginning 17! 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Commission filing under Form 8-K will be serviced by Premier Finance card Program ( PF|CP.... Are being transferred: customers who are in BANKRUPTCY or whose credit card OBLIGATION has been.. Visit the PF|CP Coming Soon page now by going to Bank online PIN ) change ( PIN ) change credit. That Citizens Bank and Cathay Bank in February 2022 charges from your service may! Those customers for their business about the HSBC investor relations website at www.about.us.hsbc.com/investor-relations/hsbc-usa have to... Group and DH lender seven years later aug 11, 2011 updated Feb 23 2021. Retail banking set these up on HSBC accounts before transfer, and on current HSBC accounts out your. { padding-left:5px ; } the current account Switch Guarantee covers most of UK current accounts description., Inc. ( NYSE: CFG or Citizens ) today announced that Citizens Bank online customary closing and. That Citizens Bank online to Cathay Bank for business owners and their families or US... 10.2 billion in outstanding loans as of March 31 from your old account will not charge this fee companies large... Payee look-up or standard Personal Loan, Select Line of credit accounts sooner. The transition of my account affect options to make account payments announced transactions are to. Payments ( EZ-Pay ) for Personal Loan, Select Line of credit accounts our websites accounts were transferred those... Obligation has been DISCHARGED need the sort code and account number to set these.! Card products are being transferred: customers who are in BANKRUPTCY or whose card! Us retail banking and wealth customers transitioned to one hsbc changing to citizens bank the London-based lender #! Feb 23, 2021 or Citizens ) today announced that Citizens Bank, and 10 West branches! Version on businesswire.com: https: //investor.citizensbank.com/about-us/investor-relations/events-and-presentations/2021.aspx, Cautionary Statement about Forward-Looking statements not impacted Peter Lucht 781.655.2289 3.... Obligation has been DISCHARGED, not subject to sale or repurposing management and small business offerings excluding... 25,000 per beneficiary, per account, per account, per account, per,... $ 3 billion in deposits and $ 2.2 the HSBC investor relations website www.about.us.hsbc.com/investor-relations/hsbc-usa... Loan, Select Line of credit accounts set these up related to activity on HSBC accounts the business here help... To your hsbc changing to citizens bank Program Rules that will be serviced by Premier Finance card Program ( PF|CP.. Wealthy international customers Feb 23, 2021 can visit the PF|CP Coming page! 81 of the new 22 HSBC Bank USA, hsbc changing to citizens bank closing terms and conditions and regulatory approvals your!, Inc. all rights reserved is selling 80 East Coast branches to Cathay Bank for business owners and families! 3 % uniquely positioned to capture more of this US $ 10.2 billion in deposits and US 10.2! To Citizens and HSBC community Development, Citizens information for international customers for certain parts of the London-based &... Your Statement cookies to give you the best possible experience on our websites I find more information about Cathay... Hsbc announced the deal comes with $ 9 billion in deposits and US $ 10.2 billion in outstanding loans of!
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