▁six ▁New ▁York ▁City ▁ret ail ▁branches , ▁and ▁the ▁next ▁year ▁H ang ▁S eng ▁Bank ' s ▁two ▁branches ▁in ▁New ▁York ▁City . ▁That ▁same ▁year , ▁Marine ▁Mid land ▁acquired ▁ 1 1 ▁branches ▁from ▁the ▁East ▁River ▁Sav ings ▁Bank ▁in ▁the ▁New ▁York ▁Metropolitan ▁area . ▁Marine ▁also ▁acquired ▁the ▁US ▁doll ar ▁clear ing ▁business ▁of ▁J ▁P ▁Morgan . ▁At ▁the ▁same ▁time , ▁H SB C ▁transferred ▁two ▁branches ▁in ▁the ▁north western ▁United ▁States ▁to ▁Hong k ong ▁Bank ▁of ▁Canada . ▁The ▁next ▁year , ▁Marine ▁completed ▁its ▁ac quisition ▁of ▁First ▁Federal ▁Sav ings ▁and ▁Lo an ▁from ▁Toronto - based ▁CT ▁Fin an cial ▁Services , ▁for ▁$ 6 2 0 ▁million . ▁First ▁Federal ▁Sav ings , ▁head qu arter ed ▁in ▁Ro chester , ▁had ▁$ 7 . 2 ▁billion ▁in ▁assets , ▁ 1 , 6 0 0 ▁employees , ▁ 7 9 ▁ret ail ▁branches ▁in ▁New ▁York ▁State ▁and ▁ 1 5 ▁mort g age ▁orig ination ▁offices ▁in ▁nine ▁states . ▁ ▁In ▁ 1 9 9 8 , ▁Marine ▁Mid land ▁acquired ▁First ▁Com mer cial ▁Bank ▁of ▁Philadelphia , ▁which ▁had ▁been ▁established ▁in ▁ 1 9 8 9 ▁as ▁the ▁first ▁state - char tered ▁Asian - American ▁bank ▁in ▁Pennsylvania . ▁The ▁bank ▁served ▁the ▁local ▁Asian ▁community , ▁which ▁often ▁faced ▁language ▁and ▁cultural ▁bar riers ▁at ▁traditional ▁American ▁banks . ▁Marine ▁paid ▁$ 2 3 . 7 5