HSBC formally announced its intention on Friday to build a $1 million branch at 805 Main St. that will include expanded consulting services for area customers and businesses. It’s expected to open on Feb. 1, 2008.
The new branch, which is currently under construction and is across from City Hall, will replace two current ones in the city, at 1901 Pine Ave. and the Seneca Niagara Office Building on Third Street. There will also be 35 parking spots at the new branch.
“We really wanted to give back to the community and provide them with a great space and convenient parking,” said Francine Minadeo, an HSBC spokesperson.
Two business specialists and a manager to help with customers’ investments will now work full-time in Niagara Falls, said Anthony Carroll, senior vice president of the HSBC Niagara District. The drive-up facility currently located in Haeberle Plaza will remain open.
“(Main Street) is in a more convenient location, and it’s giving more availability by the fact that the (consultants) will be on-site,” Carroll said. “We’re trying to exceed our customer’s expectations.”
The move out of the Third Street building comes as the building’s owner, Seneca Gaming Corporation, looks to move more of its staff across the street from the Seneca Niagara Casino.
About 35 employees from the corporation’s human services department will move from their current Buffalo Avenue offices to the Seneca Niagara Office Building.
“It’s more convenient and more efficient to have them right here on the territory,” said Phil Pantano, a spokesman for Seneca Gaming Corp.
The corporation’s executive offices and various offices are currently located in the building. It’s July 2005 attempt to evict what will soon be the building’s last remaining tenant, the Niagara Aerospace Museum, remains tied up in the court system.
HSBC’s move marks the end of an era for downtown banking. HSBC and its predecessor, Marine Midland Bank, were at the heart of commerce in the Falls with downtown locations for years.
Local News
NIAGARA FALLS: Branch plans for HSBC
Niagara Street and Pine Avenue branches shutting down, combining into new office
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SLIDESHOW: Memorial Day Weekend 2012
Niagara Falls celebrates Memorial Day Weekend activities on Saturday with a parade on Pine Avenue, a memorial service and viewing of the new Veterans Memorial at Hyde Park, a concert series on Old Falls Street and free boat safety inspections by the Niagara County Sheriff Department Marine Division at the City of Niagara Falls Boat Docks on Buffalo Avenue.
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Legislation protecting Falls air base units moves forward
The effort to protect jobs at the Niagara Falls Air Reserve Station got a boost from a committee in Washington, D.C. on Thursday.
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Korean student robbed at gunpoint in Falls
Detectives are investigating the robbery of a 25-year-old woman Wednesday night in front of a motel in the 400 block of Main Street.
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Davis will not seek Murphy removal
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Labor group laments economic development efforts
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Repaving work on Old Military Road rises to $790K
Sometimes a change is good. Sometimes a change is bad. For the Town of Lewiston, a change can be pretty costly.
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Fifth-grader presents list of 400 names asking for new playground
A 10-year-old boy carrying a petition containing more than 400 signatures asked members of the Niagara Falls School Board on Thursday to consider building a new playground at his school.
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Marching to the new veterans memorial
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Memorial Day may mean cookouts with hot dogs and hamburgers, a trip on the river in a boat or simply a day off from work Monday.
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