HSBC is taking additional office space in the 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. 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 space at the Exchange Building, 726 Exchange Street, spans approximately 31,000 square feet on the tenth floor 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 percent increase in office space.
After selling its Atrium Building to Douglas Development and consolidating its local workforce into offices on Walden Avenue in Depew, HSBC returned to the city in 2024 moving into the Larkin U Building taking space that Key Bank had vacated.
“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.
“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.”