KeyCorp

KeyCorp stands as one of America's premier regional banking institutions, operating as the holding company for KeyBank National Association, with approximately $187 billion in total assets and serving over 3.5 million clients across 16 states. Headquartered in Cleveland, Ohio, the company has established itself as a cornerstone of the Midwest and Northeast banking landscape, with significant market presence in Ohio, New York, and Washington state. Through a network of approximately 1,000 branches and 1,200 ATMs, KeyCorp delivers comprehensive financial services ranging from traditional retail banking to sophisticated commercial lending, investment banking, and wealth management solutions.

The institution's rich heritage traces back nearly two centuries, with roots extending to the Commercial Bank of Albany founded in 1825 and Cleveland's Society for Savings established in 1849. The modern KeyCorp emerged from the transformative 1994 merger between Cleveland-based Society Corporation and Albany-headquartered KeyCorp, creating a regional banking powerhouse. This merger, completed on March 1, 1994, briefly positioned Key as the 10th largest U.S. bank at the time. The company's growth trajectory has been marked by strategic acquisitions, including the landmark 2016 acquisition of First Niagara Bank for $4.1 billion, which significantly expanded Key's footprint in Upstate New York, New England, and Pennsylvania.

Under the leadership of Chairman and CEO Christopher M. Gorman since May 2020, KeyCorp operates through two primary business segments: Key Community Bank, which serves retail and small business customers, and Key Corporate Bank, which provides commercial lending, treasury management, equipment financing, and investment banking services to large corporate and institutional clients. The company's KeyBanc Capital Markets division has earned recognition for expertise in technology, healthcare, financial services, and consumer sectors. KeyCorp employs approximately 17,650 professionals dedicated to the company's purpose of helping clients, colleagues, and communities thrive.

KeyCorp's commitment to responsible banking and community investment sets it apart in the regional banking sector. The company has consistently earned 'Outstanding' Community Reinvestment Act (CRA) ratings since the act's passage, most recently in 2024. In 2024 alone, KeyBank invested over $40 million in Community Development Financial Institutions (CDFIs) and provided $40.9 billion in community benefits from 2017-2023. The company has committed to financing or facilitating $38 billion in sustainable finance by year-end 2026. In August 2024, KeyCorp strengthened its capital position and strategic capabilities through a $2.8 billion minority investment from Scotiabank, representing approximately 14.9% ownership. As KeyCorp celebrates its bicentennial in 2025, the institution continues to evolve as a digitally-enabled, relationship-focused bank committed to financial inclusion, sustainable finance, and community development.