Solstice Capital Group - HSBC - Retail
Matt Padilla of the O.C. Register had this:
Several wrote in to alert us to the following announcement appearing on the web site for Solstice Capital:
Solstice Capital was a retail arm of HSBC based in Irvine, CA. In 2007, the company averaged over $28 million per month. A tipster reported they just "had a record November." Another source tells us "all 150+ agents/employees were informed today that they have been shut down." "They went to work as usual," read another tip, "... with no warning were told they were shut down."
An archived copy of their web site indicated two additional offices in Phoenix, AZ and Las Vegas, NV. The numbers for both of those offices were "disconnected" or "not in service." A source familiar with the company said those offices had been closed for over a year. HSBC acquired Solstice Capital Group Inc. in August 2006.
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Important: This company is on our list of lending operations that have "imploded". However, please note that "imploded" is a somewhat subjective and does not necessarily mean operations are ceased permanently: it can mean bankruptcy filing, temporary but open-ended halting of major operations, or "firesale" acquisition. All information here is provisional, and may contain inaccuracies (especially newer information). If you are planning on doing business with this company or any other one listed on this site, you should inquire with them directly on whether they can still meet your needs. Many are still operating in some capacity.