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 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 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. HSBC In 1980, The Hongkong and Shanghai Banking Corporation acquired a 51 percent controlling interest in Marine Midland Corporation. By then, it 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 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