23 March 2021

HSBC offers scholarships for Black college students

NEW YORK – HSBC Bank USA, N.A., (HSBC) announces the creation of scholarship opportunities for Black college students who demonstrate academic excellence, leadership, and a commitment to community involvement.

The scholarships are being offered through The Executive Leadership Council (ELC) 2021 Scholarship Program. Through the support of corporate partners including HSBC, The ELC will offer $1 million in scholarships to support the academic success of more than 100 Black undergraduate students this year.

“HSBC shares The ELC’s commitment to increasing the number of global Black executives in C-suites, on corporate boards and in global enterprises,” said Michael Roberts, President and CEO, HSBC USA. “I’m proud that HSBC is helping Black college students finance their college education, and I will be prouder still if some of these high-performing scholars consider joining HSBC in the future.”

One-year scholarships in the amount of $17,500 will be awarded to eight rising freshmen or sophomores currently enrolled at any four-year college or university including HBCUs. Applicants must be pursuing a degree in a finance, business or STEM related subject.

Applications for the HSBC Scholarship are now being accepted and must be completed and submitted by March 31, 2021 at 11:59pm EST.

Media enquiries to:

Rob Sherman | 212-525-6901 | robert.a.sherman@us.hsbc.com

Note to editors:

HSBC Bank USA, National Association (HSBC Bank USA, N.A.) serves customers through retail banking and wealth management, commercial banking, private banking, and global banking and markets segments. It operates bank branches in: California; Washington, D.C.; Florida; Maryland; New Jersey; New York; Pennsylvania; Virginia; and Washington. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., a wholly-owned subsidiary of HSBC North America Holdings Inc. HSBC Bank USA, N.A. is a Member of FDIC. Investment and brokerage services are provided through HSBC Securities (USA) Inc., (Member NYSE/FINRA/SIPC) and insurance products are provided through HSBC Insurance Agency (USA) Inc.

About The Executive Leadership Council
The Executive Leadership Council, an independent non-profit 501(c)(3) corporation founded in 1986, is the pre-eminent membership organization committed to increasing the number of global Black executives in C-suites, on corporate boards and in global enterprises. Comprising more than 800 current and former Black CEOs, senior executives, and board directors at Fortune 1000 and Global 500 companies, and entrepreneurs at top-tier firms, its members work to build an inclusive business leadership pipeline that empowers global Black leaders to make impactful contributions to the marketplace and the global communities they serve. For more information, please visit www.elcinfo.com.