HSBC Enters New Jersey Market
HSBC entered the New York market in 1980 after acquiring first, Marine Midland Bank and later Republic National Bank. In 2003, HSBC acquired Household International, shortly after the lender settled for $486 million charges of predatory lending by attorneys general in 46 U.S. states. Developments are monitored by Household - HSBC Watch.
HSBC’s New Jersey headquarters will be in Parsippany, which houses district executives as well as commercial and real estate lending staff, according to Seamus McMahon, president for HSBC’s Atlantic region, which includes New Jersey, Pennsylvania, Florida, Washington D.C. and Delaware.
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