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HSBC Acquires Boscov's Credit Card Accounts

by Peter Andrew


Acquires Boscov's Credit Card Accounts

HSBC has acquired the credit card accounts of Boscov's Department

Stores, paying a $29 million premium for $179 million in credit

card receivables. Customers should not be affected by the change,

according to a press release from HSBC.




Department Stores is based in Reading, Pennsylvania, and includes

40 stores, mainly in Pennsylvania but also in New York, New

Jersey, Maryland, Delaware and Virginia.


Published 04/14/06 (Modified 05/30/12)

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