Marine Midland Bank

Marine Midland Bank
Marine Midland Bank
FormerlyMarine Midland Bank, N.A. (1980–1999)
Marine Midland Banks Inc (1929–1995)
HSBC Americas (1995–1999)
Company typeNYSE MM 1920–1987 Subsidiary of HSBC Holdings plc 1987–1999
IndustryFinance and Insurance
FoundedJuly 10, 1850 (1850-07-10)
FoundersJames S. Wadsworth
DefunctMarch 29, 1999 (1999-03-29)
FateAcquired by HSBC in 1980 (51%); full ownership from 1987. Renamed HSBC Bank USA in 1999.
SuccessorsUpstate New York:
Downstate New York and Pennsylvania:
Citizens Financial Group
Seattle:
Cathay Bank
HeadquartersMarine Midland Center, Buffalo, New York, U.S.
Key people
Malcom Burnett, President and CEO
ProductsFinancial services
Total assets$33 billion as of 1999
Websitemarinemidland.com (archived)
us.hsbc.com

Marine Midland Bank was an American bank formerly headquartered in Buffalo, New York, with several hundred branches throughout the state of New York, Pennsylvania and two branches located in Seattle, Washington. The bank was founded in 1850 as Marine Bank and the company was relaunched as Marine Midland Corporation in 1929. The regional banks in New York state and Seattle were unified under the Marine Midland name in 1976. As of 1981, it was the 13th largest bank in the United States.

The bank was acquired by HSBC in 1980 and changed its name to HSBC Bank USA in 1999, while its branches were extended to Pennsylvania in 1998 through the acquisition of First Commercial Bank of Philadelphia. As a result of several transactions since the turn of the millennium, much of what was once Marine Midland is now part of KeyBank with the exception of Downstate New York and Pennsylvania, that is now part of Citizens Bank. Branches in Seattle are part of Cathay Bank.