HSBC Americas to redeem preferred stock - Series A

Business Wire, March 7, 1997

NEW YORK--(BUSINESS WIRE)--March 7, 1997--HSBC Americas Inc. has called for redemption and will redeem on March 31, 1997, all outstanding shares of its Adjustable Rate Cumulative Preferred Stock - Series A at a redemption price of $50.00 per share, plus accrued and unpaid dividends of $.75 per share.

HSBC Americas Inc., the holding company for Buffalo-based Marine Midland Bank, is an indirectly-held, wholly-owned subsidiary of HSBC Holdings plc. With more than 3,400 offices in 77 countries and assets of $402 billion at December 31, 1996, the HSBC Group is one of the world's largest banking and financial services organizations.

CONTACT: HSBC Americas Inc.

Pat Wood, 212/658-6223