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28-570: The building is named for George F. Rand Sr. (1864–1919), former president and chairman of the board of directors of Marine Midland Bank , who was killed in a plane crash near Caterham in Surrey, England . The Buffalo Broadcasting Company moved its stations WGR and WKBW to the building; the stations had moved out of the building by 1959. Today, the stations in the Townsquare Media cluster ( WTSS , WBLK , WBUF , and WYRK ) broadcast from studios in

56-453: A result of 11 mergers throughout Western New York, Marine Trust Company became Marine Midland Trust Company of Western New York in the 1950s. The name was changed again in the 1960s to Marine Midland Trust Company of Western New York and again in 1970 to Marine Midland Bank-Western. In 1972, the bank moved its headquarters to a new 38-story tower, Marine Midland Center . On January 1, 1976, Marine Midland merged all of its affiliated banks under

84-689: The Main Court Building at 438 Main St. (for $ 4.5 million), as well as the Main Seneca Building , designed by Green & Wicks , at 237 Main St., the Roblin Building at 241 Main St., (together for $ 2.56 million) and The Stanton Building, designed by Richard A. Waite , at 251 Main St. (for $ 646,569). The site of the present day Rand Building went through various iterations before the Rand Building

112-552: The Attica and Hornell Railroad, while Palmer had links also with the Buffalo and State Line Railroad. Palmer was elected president and Ganson was named cashier. The new institution was called Marine Bank because much of its early business depended on the economic vitality of Buffalo's lakefronts and riverfronts. Indeed, it was intended to finance the new shipping trade on the Great Lakes. From

140-640: The BPO as a gift to the orchestra's Crescendo Campaign. It now houses both the Red Cross and BPO administrative staffs. This gesture ranks among the biggest and most creative donations in the history of the BPO. In the 1890s, they bought property in East Aurora , then considered the countryside just outside of Buffalo. There they built a summer house and dairy farm, known as "Elmhurst" and later, "The Homestead." On March 27, 1884, he married Carolyn Jewett Tripp (1861–1943),

168-555: The Buffalo Commercial Bank. That same year it became a national bank and changed its name to Marine National Bank of Buffalo under president Stephen Merrell Clement . The next acquisition came in 1913 when Marine absorbed Columbia National Bank. That same year, the bank built a new 17-story office building in Buffalo known as the Marine Midland Trust Company Building . Six years later, Bankers Trust

196-591: The HSBC name. In 1999, at the time of its consolidation and change to HSBC Bank USA , the bank had $ 33 billion (equivalent to $ 61,688,036,000 in 2023) in assets. In 2011, HSBC sold its retail banking network in Upstate New York and Connecticut to First Niagara Financial Group , KeyBank , Community Bank, N.A. and Five Star Bank . For all intents and purposes, HSBC had jettisoned the original core of Marine Midland. In 2016 Key merged with First Niagara. In order for

224-529: The Key/First Niagara merger to gain regulatory approval, Northwest Savings Bank bought 18 First Niagara branches in the Buffalo/Niagara Falls area. As a result, Key owns most of the core of the old Marine Midland, with a small portion held by Northwest. Key had been one of Marine Midland's main rivals in Upstate New York for much of the 20th century. In 2013, HSBC vacated its office space in what

252-546: The Marine National Bank, which had capital of $ 200,000 and surplus $ 1,000,000. After a heart attack slowed him down in 1911, he decided to divest his 30% share of to Marine Bank, selling in 1913 shortly before his death, to Seymour H. Knox I , a founder of the F. W. Woolworth Company . He was an organizer of the Buffalo Clearing House and served as chairman from 1892 until 1912. He was also an organizer of

280-905: The Power City Bank, in Niagara Falls that assisted in financing Hydroelectric power at Niagara Falls . He served as president of the Merchant's National Bank of Dunkirk, was a director of the Ontario Power Company, the Niagara, Lockport & Ontario Transmission Company, the International Railway Company , and the Buffalo Abstract & Title Company. He also served as president of the Buffalo & Susquehanna Steamship Company and

308-469: The Rand Building and have their transmitting antennas located atop its beacon. Adjacent to the Rand Building is 10 Lafayette Square in Lafayette Square . George F. Rand Jr. had a private dining room on the top floor of the building that he used for business lunches. When the building opened, it featured an elaborate lighting system that highlighted its art deco stepped back style. In December 2014,

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336-667: The U.S. retail banking business by selling off 80 branches to Citizens Bank on the East Coast (the rest of the original Marine Midland core) and 10 to Cathay Bank on the West Coast, two of which were originally Marine Midland branches. Marine Midland owned, either wholly or in part, several prominent properties in Upstate New York and New York City , including: Stephen Merrell Clement Stephen Merrell Clement or S. M. Clement, Jr. (November 4, 1859 – March 26, 1913)

364-401: The building was sold by real estate developer David L. Sweet to Paul J. Kolkmeyer , a developer and former CEO of First Niagara Bank , for $ 3.89 million. Kolkmeyer's firm, Amherst -based Priam Enterprises LLC, buys, manages and develops residential apartment buildings and student housing in Buffalo and the surrounding communities. In addition to purchasing the Rand Building, Kolkmeyer purchased

392-1005: The daughter of Augustus Franklin Tripp (1822–1908) and Mary Mehitable Steele (1826–1866). Together, they had six children, four boys and two girls: Clement was a member of the Buffalo Club, the Buffalo Country Club , the University Club of Buffalo and the University Club of New York City . He joined the Sons of the American Revolution in February 1894. Both Clement and his wife had portraits painted of them by Cecelia Beaux . Clement died on March 26, 1913, in Atlantic City, New Jersey . He

420-546: The first day it opened its doors on August 27 at 79 Main Street, Marine was the prominent bank for the thriving grain and milling industry on the waterfront. However, the diverse geographic base of the bank's eight founders indicated that they intended to expand across New York. By the start of the 20th century, Marine Bank began to expand through merger. In 1897 it absorbed the American Exchange Bank, and in 1902 it acquired

448-575: The first state-chartered Asian-American bank in Pennsylvania . The bank served the local Asian community, which often faced language and cultural barriers at traditional American banks. Marine paid $ 23.75 million for First Commercial, which had $ 90 million in assets and $ 78 million in deposits in two branches. The bank continued to operate under the Marine Midland name until 1998, when the legal name changed to HSBC Bank USA N.A. , and all branches took

476-1147: The next year Hang Seng Bank 's two branches in New York City. That same year, Marine Midland acquired 11 branches from the East River Savings Bank in the New York Metropolitan area. Marine also acquired the US dollar clearing business of J P Morgan . At the same time, HSBC transferred two branches in the northwestern United States to Hongkong Bank of Canada . The next year, Marine completed its acquisition of First Federal Savings and Loan from Toronto-based CT Financial Services , for $ 620 million. First Federal Savings, headquartered in Rochester , had $ 7.2 billion in assets, 1,600 employees, 79 retail branches in New York State and 15 mortgage origination offices in nine states. In 1998, Marine Midland acquired First Commercial Bank of Philadelphia, which had been established in 1989 as

504-514: The single charter of Marine Midland Bank, with headquarters in Buffalo. The new bank was divided into regions, with Marine Midland Bank-Western Region based in Buffalo. Marine Midland Bank became a national bank once again in early 1980. As it entered the 1980s, assets were close to $ 20 billion. In 1980, The Hongkong and Shanghai Banking Corporation acquired a 51 percent controlling interest in Marine Midland Corporation. By then, it

532-595: Was a descendant of Col. Giles Jackson of Berkshire County and Capt. Caleb B. Merrell, of Herkimer Co. , who both fought in the American Revolutionary War . Clement attended the State Normal School and then Yale University , where he was a member of Scroll & Key and where he graduated from in 1882. Following his graduation from Yale, he traveled around Europe with friends visiting Persia . In 1883, he returned to Buffalo and within two years,

560-491: Was acquired. Marine chose to become a state bank again as Marine Trust Company of Buffalo. By the mid-1930s, Marine had acquired eight other banks. Marine had also taken the lead in the formation of Marine Midland Corporation, a holding company for 17 affiliated banks throughout New York. That first multibank holding company in the state was formed October 4, 1929. 20 days later would be the Wall Street Crash of 1929 . As

588-534: Was an American banker, businessman and industrialist in Buffalo, New York . Clement was born on November 4, 1859, in Fredonia, New York , to Stephen Mallory Clement (1825–1892) Sarah Elizabeth Leonard (1824–1891). His brother was Henry Clay Clement. His father founded the Fredonia Bank in 1855 and was president of the bank until 1869 when he moved the family to Buffalo to become Cashier of The Marine Bank . He

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616-593: Was by now known as One HSBC Center; its former headquarters was renamed One Seneca Tower . Also of note, Marine Midland purchased naming rights to the Buffalo sports and entertainment venue constructed in 1996, the Marine Midland Arena, home of the Buffalo Sabres . The arena is now known as KeyBank Center . In an effort to refocus its operations into the Asian market, HSBC announced in 2021, that it would be exiting

644-642: Was completed in 1913. The house, which cost $ 300,000 to erect, was donated by his widow to the American Red Cross in June 1941. In 2017, The Buffalo Philharmonic Orchestra and the American Red Cross, Western New York Chapter, announced that local developer and philanthropist John Yurtchuk would purchase the property at 786 Delaware Avenue and would donate the campus centerpiece, the Clement Residence, to

672-424: Was constructed in 1929. Marine Midland Bank Marine Midland Bank was an American bank formerly headquartered in Buffalo, New York , with several hundred branches throughout the state of New York . In 1998, branches extended to Pennsylvania. It was acquired by HSBC in 1980 and changed its name to HSBC Bank USA in 1999. As a result of several transactions since the turn of the millennium, much of what

700-517: Was made Cashier at The Marine Bank . By 1895, three years after the death of his father, he became president of the Bank. He spearheaded the construction of the Bank's headquarters, the Marine Trust Building , designed by his friend, Edward Brodhead Green (1855–1950), a prominent Buffalo architect. In 1902, he oversaw the merger of The Buffalo Commercial Bank, which had capital of $ 250,000, and

728-743: Was once Marine Midland is now part of KeyBank with the exception of Downstate New York and Pennsylvania, that is now part of Citizens Bank. Branches in Seattle are part of Cathay Bank . Marine Midland was founded as Marine Bank, a state-chartered bank, on July 10, 1850, with capital of $ 170,000. It was founded by eight men from across New York—General James S. Wadsworth of Geneseo , J. P. Beekman of Kinderhook, New York , John Arnot of Elmira , John Magee and Constant Cook of Bath , William R. Gwinn of Medina , and George Palmer and James M. Ganson of Buffalo. Both Palmer and Wadsworth had railroad connections. The two had financial interests in and served as directors of

756-782: Was the 13th largest commercial bank in the United States, with about 300 banking offices across New York and about 25 offices in foreign countries. HSBC acquired full ownership in 1987. In 1983, Marine Midland Bank acquired Carroll McEntee & McGinley (now HSBC Securities (USA)), a New York-based primary dealer in US government securities. In 1994, Marine Midland acquired Spectrum Home Mortgage, which operated in eight states. Then in 1995, Marine acquired United Northern Federal Savings Bank, with branches in Watertown and Lowville , New York. Marine Midland also acquired The Hongkong and Shanghai Banking Corporation's six New York City retail branches, and

784-475: Was vice-president of the Rogers, Brown Iron Company alongside Edmund B. Hayes . In 1892, after his father died, his family moved into his father's former home at 737 Delaware Avenue . When his father-in-law died in 1908, they inherited his house at 786 Delaware, which they torn down in 1911. On that site, they again commissioned his friend, E.B. Green , to build him a palatial home at 786 Delaware Avenue , which

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