While it's parent company is making news for an international money laundering scandal, HSBC quietly exits the North Country tomorrow as its remaining branches are transferred to Community Bank. Earlier this year the bulk of HSBC upstate banks were sold to First Niagara.
HSBC and its prior name Marine Midland were for decades a dominant force in local banking, but with a sale pending many customers have migrated elsewhere as confusion and uncertainty shrouded the sales.
The HSBC branches will remain open under their new name, but since they are adjacent to existing Community branches, one has to assume at some point that will change too.
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