HSBC Finance Corp., a unit of banking giant HSBC Holdings plc, will shut six Suncoast lending offices, including one in West Pasco, as it pulls out of the U.S. consumer lending business.
The company announced today that it will close about 800 U.S. branches of its HFC and Beneficial units, which will cause layoffs of about 5,400 people, according to HSBC spokeswoman Kate Durham.
It wasn't immediately clear how many employees will be affected locally, but it's likely that each of the six Suncoast locations has fewer than 10 employees, Durham said.
The closures don't affect the much larger number of people who work in HSBC's back-office operations. Durham didn't immediately know how many people work there, but as of 2005, HSBC operated service centers in Brandon and Tampa with roughly 1,400 employees.
The area Beneficial locations that will close are at: 1957 W. Lumsden Road, Brandon; 35271 U.S. 19 N., Palm Harbor; and 885 W. Bay Drive, Largo. HFC locations will close at 9308 U.S. 19 N., Port Richey; 14356 N. Dale Mabry Highway, Tampa; and 3515 49th St. N., St. Petersburg.
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