For immediate release

The Federal Reserve Board today announced its approval of the notice by HSBC Holdings PLC, London, United Kingdom, HSBC Holdings BV, Amsterdam, The Netherlands, and HSBC Americas, Inc., Buffalo, New York ("HSAI"), to acquire CTUS, Inc., Wilmington, Delaware, and its wholly owned subsidiary, First Federal Savings and Loan of Rochester, Rochester, New York ("First Federal"); the application by Marine Midland Bank, Buffalo, New York, a wholly owned subsidiary of HSAI, to merge First Federal with and into Marine Midland Bank; and the application by Marine Midland Bank to establish branches. Attached is the Board's Order relating to this action.

Attachment (83 KB PDF)

1997 Orders on banking applications