Profile: KeyCorp (KEY_pg.N)
23 Nov 2015
KeyCorp (Key), incorporated on December 31, 1958, is a bank holding company. The Bank operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, the Bank provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking products and services. The Bank provides these services to individual, corporate and institutional clients. The Bank operates in two segments: Key Community Bank and Key Corporate Bank.
As of December 31, 2014, the Bank provided its products and services across the country through KeyBank’s 994 full-service retail banking branches and a network of 1,287 automated teller machines (ATMs) in 12 states, as well as additional offices, online and mobile banking capabilities, and a telephone banking call center. In addition to the customary banking services of accepting deposits and making loans, the bank and trust company subsidiaries offer personal, securities lending and custody services, personal financial services, access to mutual funds, treasury services, investment banking and capital markets products, and international banking services. Through its bank, trust company, and registered investment adviser subsidiaries, the Bank provides investment management services to clients that include large corporate and public retirement plans, foundations and endowments, high-net-worth individuals and multi-employer trust funds established for providing pension or other benefits to employees. The Bank provides other financial services both within and outside of its banking markets through various nonbank subsidiaries. These services include community development financing, securities underwriting and brokerage. The Bank also provides merchant services to businesses directly and through an equity participation in a joint venture.
Key Community Bank
Key Community Bank serves individuals and small to mid-sized businesses by offering a variety of deposit, investment, lending, credit card, and personalized wealth management products and business advisory services. These products and services are provided through the Bank’s relationship managers and specialists working in its 12-state branch network, which is organized into eight internally defined geographic regions: Pacific, Rocky Mountains, Indiana, Western Ohio and Michigan, Eastern Ohio, Western New York, Eastern New York and New England.
Key Community Bank provides branch-based deposit and investment products, personal finance services, and loans, including residential mortgages, home equity, credit card, and various types of installment loans. In addition, financial, estate and retirement planning, asset management services, and Delaware Trust capabilities are offered to assist high-net-worth clients with their banking, trust, portfolio management, insurance, charitable giving and related needs. It provides small businesses with deposit, investment and credit products, and business advisory services. Mid-sized businesses are provided products and services that include commercial lending, cash management, equipment leasing, investment and employee benefit programs, succession planning, access to capital markets, derivatives, and foreign exchange.
Key Corporate Bank
Key Corporate Bank is a full-service corporate and investment bank focused on serving the needs of middle market clients in seven industry sectors: consumer, energy, healthcare, industrial, public sector, real estate and technology. Key Corporate Bank delivers a product suite of banking and capital markets products to its clients, including syndicated finance, debt and equity capital markets, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory, and public finance. Key Corporate Bank is also a servicer of commercial mortgage loans and a special servicer of commercial mortgage-backed securities (CMBS). Key Corporate Bank delivers its product capabilities to clients of Key Community Bank.
127 Public Sq
CLEVELAND OH 44114-1306
Company Web Links
- Fitch Places First Niagara on Watch Positive; Affirms KeyCorp with Negative Outlook on Merger
- RPT-UPDATE 3-KeyCorp to buy First Niagara to create 13th biggest U.S. bank
- KeyCorp to buy First Niagara to create 13th biggest U.S. bank
- UPDATE 3-KeyCorp to buy First Niagara to create 13th biggest U.S. bank
- CORRECTED-UPDATE 2-KeyCorp to buy First Niagara to create 13th biggest U.S. bank