Fear of Closure Prompts Run on Bowery HSBC Bank

Posted on: March 31st, 2012 at 11:46 am by

Early yesterday, rumors abounded that the iconic HSBC branch at Bowery and Canal was closing, fueling a modern-day run on the bank. Someone was allegedly handing out flyers in the neighborhood claiming that the institution was to shutter for good, the Post reports today.

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Many feared a closure would mean losing access to personal belongings. As such, some three hundred account-holders rushed to the landmark building to liquidate their safe deposit boxes during this frenzied period of financial uncertainty. Authorities were on scene to ensure safety, and no one was reported hurt. An HSBC spokesperson confirmed that the branch is NOT closing.

58 Bowery was the home of Citizen Savings Bank in another lifetime.  The domed corner structure was voted a landmark by City Council last October.

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