2.17.2012

Wilton, Clifton Park HSBC branches to close (updated)

Update (2:20 p.m.) Here's Betsy's story: 

BUFFALO — First Niagara Bank expects to complete its acquisition of 195 HSBC bank branches by May, and because a number of the HSBC branches being acquired are within close proximity to First Niagara branches, two Saratoga County branches will close and be consolidated with a nearby facility.

The HSBC branch at 3025 Route 50,Wilton Square, in Saratoga Springs will close and be consolidated with the First Niagara branch at 3057 Route 50, which is located in a plaza in front of the Wilton Mall.

In Clifton Park, the First Niagara branch at 843 Route 146 will close and be consolidated with the HSBC branch at 20 Park Ave. in Clifton Park.

According to a news release from First Niagara, 35 branches are being consolidated, most within one mile from each other. Eleven of those are in the Capital Region. The other HSBC branches that are closing are: 30 South Pearl St. in Albany, 335 Main St. in Catskill, 100 Mohawk St. in Cohoes, 492 Troy-Schenectady Road in Latham and 600 Second Ave. in Troy. The other First Niagara branches that are closing are 103 Wolf Road in Colonie, 3083 Carman Road in Rotterdam, 32 Second St. in Troy and 716 Hoosick Road in Brunswick.

Click here for EVEN MORE!

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Two Saratoga County HSBC branches will close (11 will close in the Capital Region), consolidating business at nearby FNB/HSBC branches. The move is a result of FNB's purchase of nearly 200 HSBC branches.
The Albany Business Review has more info right now.  
We'll have more on this story in a few, Assistant Managing Editor Betsy Demars is slogging through a press release from FNB trying to eke out a story. (On a related note, we're still looking for a business reporter! Send your resume to blombardo@journalregister.com)

Emily

Note: I updated this two minutes after posting when I realized I mixed up a few HSBCs with FNBs... sorry about that.

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