HSBC Securities (USA) Inc.

06/23/2026 | Press release | Distributed by Public on 06/23/2026 06:40

HSBC to open additional office space in Buffalo’s Larkin District, deepening commitment to Western New York

23 June 2026

HSBC to open additional office space in Buffalo's Larkin District, deepening commitment to Western New York

New space will be added alongside existing Larkin U Building location increasing capacity by 45% in one of Buffalo's most dynamic neighborhoods, anchoring HSBC long-term investment in the region.

BUFFALO, N.Y. -June 23 2026 - HSBC today announced plans to open an additional office space in Buffalo's Larkin District, adding to its existing presence in the neighborhood at the Larkin U Building. The new space is expected to open in early 2027 and reflects the bank's continued and deepening commitment to Western New York, where HSBC employs more than 1,000 professionals. Buffalo is home to teams serving clients across wealth management, private banking, and corporate and institutional banking, and serves as the dollar clearinghouse for HSBC's global network.

The new location at the Exchange Building, 726 Exchange Street, spans approximately 31,000 square feet under a 10-year lease and will accommodate up to 200 employees. It joins HSBC's existing 65,000 square feet at the Larkin U Building, 239 Van Rensselaer Street, bringing the bank's total Buffalo footprint to approximately 96,000 square feet, a 45% increase in capacity.

"Buffalo has been part of HSBC's US story for a long time, and opening this additional space reflects the confidence we have in this city and this team," said Jason Henderson, CEO, HSBC US. "Buffalo is a key location for us, supporting clients, critical operations, and international connectivity. We're investing here because we believe when our colleagues have the right environment, they do their best work for our clients."

"HSBC's decision to expand its footprint in Buffalo is a major vote of confidence in our city, our workforce, and our future," said Sean Ryan, Mayor of Buffalo. "This investment builds on the momentum we are seeing across the city. More workers, more investment, and more activity in neighborhoods like Larkinville strengthen our local economy and help position Buffalo for continued growth. We're proud that HSBC continues to choose Buffalo, and we look forward to building on this momentum as we attract more jobs and investment to our city."

Together, the two sites will house teams across HSBC's two core US business lines, International Wealth and Premier Banking (IWPB), and Corporate and Institutional Banking (CIB), as well as a significant technology and operations workforce that supports the bank's US and global functions. Buffalo serves as HSBC's global US dollar clearinghouse. In 2025 alone, HSBC's Buffalo operations managed more than $128 trillion in payment flows, connecting financial institutions and businesses across more than 50 countries to the global financial system.

"For years, I've worked with HSBC to grow their presence in Buffalo, and I am thrilled to announce that HSBC is now opening additional office space in the Larkin District. This expansion will enable HSBC to put up to 200 good-paying jobs in downtown Buffalo," said Senator Chuck Schumer. "This investment is a win-win for HSBC, Buffalo, and Western New York's workforce. I will continue working with HSBC and Buffalo to help Western New York prosper."

The announcement builds on HSBC's May 2024 opening of its renovated Larkin Square offices and reflects the bank's strategy of investing in key US locations.

"We are extremely proud to be the Western New York home of HSBC," said Kayla Zemsky, CEO Larkin Development Group. "HSBC has been a wonderful partner and already added so much vibrancy to the Larkin neighborhood. Their expanded presence on the Larkin campus will continue to add to the vitality of the district and propel us to take on additional neighborhood development projects."

Media Enquiries

Maya Dillon, Head of Communications, US and Americas [email protected]


About HSBC

HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 56 countries and territories. With assets of US$3,306bn at 31 March 2026, HSBC is one of the world's largest banking and financial services organisations.

HSBC Bank USA, National Association (HSBC Bank USA, N.A.) serves customers through International Wealth and Premier Banking (IWPB) and Corporate and Institutional Banking (CIB). Deposit products are offered by HSBC Bank USA, N.A., Member FDIC. It operates Wealth Centers in: California; Washington, D.C.; Florida; New Jersey; New York; Virginia; and Washington. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., a wholly owned subsidiary of HSBC North America Holdings Inc.

For more information, visit: HSBC in the USA

Notes to Editors - Additional quotes from political, community and business leaders below:

U.S. Congressman Tim Kennedy of New York's 26th District
 "I'm thrilled to see HSBC continue its strong commitment to Western New York. HSBC has been part of the fabric of our regional economy for decades, and this expansion means our partnership will continue to create good jobs and help families thrive. Our workforce has always been our competitive edge, and once again, it's delivering results."

New York State Assembly Majority Leader Crystal Peoples-Stokes
"HSBC has and continues to be a friend and partner with Western New York. This expansion, in the popular Larkin neighborhood, is proof of HSBC's commitment to our region."

New York State Senator April Baskin
"HSBC's expansion in Buffalo is yet another sign that major employers see tremendous value in Western New York. Bringing more employees into the Larkin District will support surrounding small businesses, restaurants, and retailers, and create new opportunities for economic growth in the area. The continued revitalization of downtown Buffalo depends on attracting and retaining employers that choose to invest and grow here, and HSBC's investment is helping drive that momentum."

Grant Loomis, President & COO of the Buffalo Niagara Partnership, the regional chamber of commerce and privately funded economic development organization.
"HSBC's continue growth in the Larkin District is another example of the momentum reshaping Buffalo, as well as a powerful vote of confidence in our region's future. When a global financial institution chooses to make a long-term investment here, it reinforces what business leaders already know: Buffalo Niagara offers the talent and business environment needed to support growth at a global scale. We are grateful for HSBC's continued commitment to our community and look forward to seeing its impact for years to come."

HSBC Securities (USA) Inc. published this content on June 23, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 23, 2026 at 12:40 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]