The conversion of 11 HSBC Bank USA N.A. branches in Monroe County and a 12th in Orleans County to KeyBank N.A. begins at the close of business Friday, with the branches closed for the weekend and reopening Monday.
KeyBank is buying 37 HSBC retail branches in the Rochester and Buffalo markets from First Niagara Bank N.A., which completed its acquisition of 195 HSBC branches in Upstate New York and Connecticut in May.
The 37 branches will add some $2.1 billion in deposits and $260 million in loans.
A welcome kit with information on the transition has been mailed to HSBC customers, KeyBank officials said Thursday.
(c) 2012 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.
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