HSBC Bank Canada

Type	Subsidiary of HSBC Holdings plc
Founded	1981
Location	Vancouver, British Columbia, Canada
Key people	Martin Glynn, Chairman and Lindsay Gordon, President and CEO
Industry	Finance and Insurance
Products	Financial Services
Employees	6,000
Website	www.hsbc.ca

HSBC Bank Canada, formerly the Hongkong Bank of Canada, is a bank in Canada that is part of British banking giant HSBC - one of the largest banking groups in the world. HSBC Canada is the seventh largest bank in Canada, with offices in every province (excluding Prince Edward Island), and is the largest foreign-owned bank in the country. Corporate headquarters are in Vancouver, British Columbia. Most banks in Canada have their head offices in Toronto, Ontario. Image File history File links HSBC Logo File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... HSBC logo HSBC Holdings PLC (NYSE: HBC), (LSE: HSBA) , (HKSE: 005) , (Euronext: HSBC) , is one of the largest banking groups in the world. ... 1981 (MCMLXXXI) was a common year starting on Thursday of the Gregorian calendar. ... Vancouver (pronounced ) is a Canadian city in the province of British Columbia. ... Motto: Splendor Sine Occasu (Latin: Splendour without diminishment) Official languages none stated in law; English is de facto Capital Victoria Largest city Vancouver Lieutenant-Governor Iona Campagnolo Premier Gordon Campbell (BC Liberal) Parliamentary representation  - House seat  - Senate seats 36 6 Area Total  â€¢ Land  â€¢ Water    (% of total)  Ranked 5th 944,735... A chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ... President is a title held by many leaders of organizations, companies, universities, and countries. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... Finance and Insurance is an industry group that mainly handles the transfer of paper and money, financial assets. These include: Accounting, Asset Management, Electronic Communications Networks, Financial Services Regulatory Agencies, Investment Banking Investment Firms, Investment Funds, Lending, Outsourced Financial Products & Services Marketing, Securities Brokers & Traders, Stock Exchanges, Trade Facilitation, and... Financial services is a term used to refer to the services provided by the finance industry. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... The front page of the English Wikipedia Website. ... A bank is an institution that provides financial service, particularly taking deposits and extending credit. ... HSBC Holdings PLC (匯豐控股有限公司) (NYSE: HBC, LSE: HSBA, HKEx: 005, Euronext: HSBC) is one of the largest banking groups in the world. ... This article refers to the city in British Columbia, Canada. ... Template:Hide = Motto: Template:Unhide = Diversity Our Strength Established: March 6, 1834 Area: East to West: 43 km North to South: 21 km629. ... Motto: Ut Incepit Fidelis Sic Permanet (Latin: Loyal she began, loyal she remains) Official languages English (French has some legal status) Capital Toronto Largest city Toronto Lieutenant-Governor James K. Bartleman Premier Dalton McGuinty (Liberal) Parliamentary representation  - House seat  - Senate seats 106 24 Area Total  â€¢ Land  â€¢ Water    (% of total)  Ranked...

History

• 1979: HSBC bought a Vancouver-based acceptance company that financed machinery and equipment for small companies operating in British Columbia.
• 1981: HSBC incorporated Hongkong Bank of Canada (HBC), in Vancouver as a chartered bank effective July 1, 1981 under the Bank Act of Canada. HBC used the acceptance company as a base for the new bank. HBC had a few retail branches primarily focused on Asian-Canadians, but the major portion of the bank's business was with commercial enterprises. HBC opened branches in major cities in western Canada and in Toronto and Montreal but growth was slow. HBC sought to grow by acquisition, but the first three attempts to buy an existing institution were unsuccessful.
• 1986: On November 27, HBC acquired the assets of Bank of British Columbia, which had essentially failed. HBC gained $2.6 billion in assets and added 41 branches in British Columbia and Alberta. Overnight, HBC moved from the 20th largest to 9th largest bank in Canada.
• 1988: On May 20, HBC amalgamated with Midland Bank Canada, thereby increasing assets by $472 million, gaining many new corporate banking relationships, and expanding to Eastern Canada.
• 1990: On May 29, HBC acquired Lloyds Bank of Canada, thereby increasing assets by $4.4 billion and adding 53 branches across Canada, mostly in Ontario and Quebec. HBC’s assets after this acquisition were $10.2 billion at October 31, 1990. This merger doubled its branch network, substantially increased HBC's exposure in eastern Canada, and made it a bilingual operation with branches in eight Quebec communities. HBC becomed the largest foreign bank. (Lloyds Bank had acquired Continental Bank in 1986. This began in 1973 as Niagara Finance Company, became IAC Limited, and then Continental Bank.)
• 1993: on April 30, HBC acquired ANZ Bank Canada consisting of one office in Toronto, which it merged with its 70 York Street branch. This purchase made HBC the seventh largest bank in Canada with branches in every province except Prince Edward Island. (ANZ had acquired Grindlays Bank Canada with its acquisition of Grindlays, but management was more interested in expanding in the Asia-Pacific area.)
• 1995: On August 1, HBC acquired Metropolitan Trust Company of Canada (1 branch).
• 1996: On August 31, HBC acquired Barclays Bank Canada. Barclays had re-entered Canada in 1979 and developed a diversified but modest range of activities. In 1985, it bought the assets of Wells Fargo Bank (Canada). Wells Fargo sold its operations in Alberta (and in Florida) to Barclays as part of a re-focusing on its home market. In 1993, Barclays Bank Canada closed its Edmonton branch. In 1994, Barclays closed six branches (Vancouver, Calgary, Winnipeg, London, Montreal and Halifax), retaining only its head office. Barclays' Canadian operations lost approximately $120-million between 1992 and 1996. HBC acquires the Seattle, Washington and Portland, Oregon branches of HSBC. The growing north-south trade occasioned by the adoption of the North American Free Trade Agreement (NAFTA) in 1994 made this move into the United States seem a natural expansion along with the business interests of many of the bank's customers.
• 1998: On May 1, HBC acquired National Westminster Bank of Canada, which had assets of C$844.5 million. Nat West had entered Canada in 1982.
• 1999: On June 21, HBC changed its name to HSBC Bank Canada, consistent with the HSBC Group's strategy of creating the global brand, HSBC. On December 3, it acquired Prenor Trust Company of Canada.
• 2000: HSBC Bank Canada acquired Republic National Bank of New York (Canada) after HSBC acquired the parent bank. Republic had entered Canada in 1982. Bank Leumi Le Israel (Canada) was taken over by Republic in 1993.) In 1994, Israel-based Bank Hapoalim (Canada) sold its operations to Republic. In 1996, Republic bought Israel Discount Bank of Canada's operations.
• 2001: On April 1, HSBC (Canada) acquired CCF Canada after HSBC acquired CCF Canada's parent company ,CCF. CCF had just acquired Crédit Lyonnais Canada. Credit Commercial de France (Canada) had entered Canada in 1982 when it established an office in Montreal. It was acquired by Societe Generale (Canada) in 1990. CCF had returned to Canada in 2000.
• 2002: HSBC Holdings merged its Canadian and US operations to create a North American transnational bank. HSBC Bank USA of New York, with assets of US$87 billion, and HSBC Canada, with assets of C$34 billion, share some operating resources but remain separate units.
• 2004: HSBC Bank Canada acquired Intesa Bank's Canadian unit, which had 11 branches and total assets of C$1.1 billion when the transaction was completed on June 1, 2004.

There have been two banks with the name Bank of British Columbia. ... Lloyds Bank of Canada was formed in 1986 when Lloyds Bank of England purchased the Continental Bank of Canada. ... The ANZ Bank (Australia And New Zealand Banking Group Limited) is the third largest bank in Australia, after the National Australia Bank and the Commonwealth Bank. ... Barclays Bank headquarters One Churchill Place, Canary Wharf Barclays plc (LSE: BARC, NYSE: BCS, TYO: 8642 ) is the fourth largest bank in the United Kingdom. ... A typical Wells Fargo store, located in Berkeley, California Wells Fargo & Co. ... This article or section does not cite its references or sources. ... Old NatWest logo NatWest (formerly the National Westminster Bank) is the United Kingdoms third biggest bank. ... Bank Hapoalim is an Israeli bank. ... Israel Discount Bank Ltd. ... Crédit Commercial de France (CCF) is a commercial bank in France. ... Crédit Lyonnais is a French bank. ... Banca Intesa S.p. ... June 1 is the 152nd day of the year in the Gregorian calendar (153rd in leap years), with 213 days remaining. ... It has been designated the: International Year of Rice (by the United Nations) International Year to Commemorate the Struggle against Slavery and its Abolition (by UNESCO) 2004 World Health Day topic was Road Safety (by World Health Organization) Year of the Monkey (by the Chinese calendar) See the world in...

Divisions

Operating divisions of HBC:

• HSBC Asset Management
• HSBC Capital
• HSBC Trust
• HSBC Investment Direct
• HSBC Insurance

Timeline

• HBC formed 1981
• Acquired Bank of British Columbia 1986
• Acquired Midland Bank Canada 1988
• Acquired Lloyds Bank Canada 1990
• Acquired ANZ Bank Canada 1993
• Income Trust Company 1995
• Acquired National Westminster Bank of Canada 1998
• Hongkong Bank of Canada renamed HSBC Bank Canada 1999
• Acquired Republic National Bank of New York (Canada) 2000
• Acquired Intesa Bank Canada 2004

Banca Intesa S.p. ...

Executives

• Lindsay Gordon, President and Chief Executive Officer
• Sean O'Sullivan - Chief Operating Officer
• Jeff Dowle, Executive Vice President
• Jim Mahaffy, Executive Vice President, Corporate and Institutional Banking
• Brad Meredith, Executive Vice President,

Corporate, Investment Banking & Markets

• Sarah Morgan-Silvester, Executive Vice President
• Graham McIsaac, Chief Financial Officer

Sponsorships

• Vancouver Canucks Hockey Club
• HSBC Celebration of Light - An annual international fireworks show in Vancouver, BC

The Vancouver Canucks are a professional National Hockey League (NHL) ice hockey team based in Vancouver, British Columbia. ... To meet Wikipedias quality standards, this article or section may require cleanup. ... Vancouver (pronounced ) is a Canadian city in the province of British Columbia. ...

Membership

HSBC Canada is a member of the Canadian Bankers Association (CBA) and registered member with the Canada Deposit Insurance Corporation (CDIC), a federal agency insuring deposits at all of Canada's chartered banks. It is also a member of: The Canadian Bankers Association is an organization representing Canadas chartered banks and provides services to improve the wellbeing of its membership (banking lobby, policy development, research and support) and to consumers of banking services. ... Canadian Deposit Insurance Corporation or CDIC is a federal agency that provides insurance (up to a $60,000 CAD per personal and on Canadian accounts only) on financial services provided by chartered Canadian banks and financial institutions. ...

• Interac
• MasterCard International
• Cirrus Network for Mastercard and Bank cards
• The Exchange (Canada) shared ABM network (primary membership of the Canadian Exchange consists of Canadian credit unions)
• HSBC also has an ATM usage agreement with BMO which allows HSBC cardholders to use BMO ATM machines with no surcharges.

Interac Logo Interac Association is a Canadian organization linking enterprises that have proprietary networks so that they may communicate with each other for the purpose of exchanging electronic financial transactions. ... MasterCard Incorporated is a membership organization owned by the 25,000 financial institutions that issue its card. ... Cirrus Network allows MasterCard users or bank cards with access to MasterCards to be able access Automated Teller Machines (ATM) or Automated Banking Machines (ABM) with their cards. ... The Exchange allows its members to share ATMs in Canada without an extra surcharge. ...

See also

• List of Canadian banks

// Government Bank of Canada (Central Bank) Business Development Bank of Canada “Big six” banks Royal Bank of Canada Toronto-Dominion Bank Canadian Imperial Bank of Commerce Bank of Montreal Bank of Nova Scotia National Bank of Canada Many of these banks have diversified into financial services that used to be...

External links

• HSBC Bank Canada Homepage
• HSBC Global Homepage
• HSBC Mortgages Corp (Canada)
• HSBC Trust
• HSBC Vancouver Building facts and photography

Commercial banks in Canada
Alberta Treasury Branches | Bank of Montreal | BDC | CIBC | CTFS | Canadian Western Bank | Citibank Canada | Citizens Bank of Canada | First Nations | HSBC Bank Canada | Laurentian Bank | Manulife | National Bank | President's Choice Financial | RBC | Scotiabank | TD Canada Trust