HSBC Bank USA N.A. Names Daniel A. Nissenbaum CRA Manager

HSBC Bank USA N.A. Names Daniel A. Nissenbaum CRA Manager

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    Business Editors
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    NEW YORK--(BUSINESS WIRE)--April 21, 2005--HSBC Bank USA N.A. has named Daniel A. Nissenbaum senior vice president and manager of community development/CRA. In this role, he will lead the bank's Community Development Division and will oversee its community service, grant, loan and investment programs. The programs are concentrated in New York with regional offices in Florida, Delaware and California.
    "HSBC is strongly committed to community development and to reinvesting in the neighborhoods we serve," said Loretta Abrams, HSBC - North America's vice president for Community Development and Consumer Advocacy "Dan's extensive experience in development and his relationships with the community and industry groups will be a great asset, and we are pleased to have him on our team."
    Nissenbaum has worked in the field of community development finance for 14 years. Since 2001, he managed teams engaged in real estate construction lending, private equity and other CDFI financing and grant-making at the Merrill Lynch Community Development Company.
    Nissenbaum began his career with the International City Management Association, and has also held positions in Chemical Bank's Real Estate Department, the Chase Community Development Corporation and, later, the J.P. Morgan Community Development Corporation.
    A resident of New York City, Nissenbaum received a Bachelors Degree from Grinnell College and a Masters of Business Administration from Columbia Business School.
    He is a board member of the National Association of Affordable Housing Lenders, the National Housing Conference and the New York Community Investment Company, Nissenbaum has also served on advisory / loan committees for the Housing Partnership Fund Network, the Community Preservation Corporation and the Small Business Investors Alliance.

    About HSBC Bank USA, National Association:

    HSBC Bank USA, N.A. has nearly 400 branches in New York State, a network of branches in Florida and California and one branch each in Delaware, Pennsylvania, Washington State, Oregon and Washington, D.C. It is the principal subsidiary of HSBC USA Inc, an indirectly-held, wholly-owned subsidiary of HSBC North America Holdings Inc., one of the nation's 10 largest bank holding companies by assets.For more information about HSBC Bank USA and its products and services visit http://us.hsbc.com.

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CONTACT: HSBC Bank USA N.A. Media inquiries: Kathleen Rizzo Young, 716-841-5003

KEYWORD: NEW YORK INDUSTRY KEYWORD: BANKING MANAGEMENT CHANGES PHOTO PHOTOWIRE SOURCE: HSBC Bank USA N.A. PHOTO: 43939

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