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7,500 Safe Deposit Boxes

Photo of Safe Deposit BoxesIf the weather were a bit better, I'd probably venture to the opening of the new Commerce Bank in Chinatown. A fun article in Friday's New York Times discusses how the branch is dealing with the special needs of a bank in Chinatown.

Personally, the most interesting part of the article discusses why the Chinese are drawn to safe deposit boxes. The new branch in Chinatown will have 7,500 safe deposit boxes, while the average branch has only 500:

"My parents are a good example," said Paul W. Ho, senior vice president for the Asian market domain at HSBC Bank U.S.A., a unit of HSBC Holdings Corporation. "Every time they get invited to a wedding, they go to the safe deposit box. They retrieve their jewelry, and go to the wedding. Then they put it back. That's my mom."


· Keeping Luck Under Lock and Key [New York Times]
· Safe Deposit Dance [Gothamist]

Posted in New York on July 09, 2005, 03:40 PM | Permalink

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