|Founder||Samuel H. Mather|
|Key People||Beth E. Mooney (Chairman and CEO | Donald R. Kimble (CFO)|
|☎ Telephone number:||+1-800-539-2968|
|Number of employees:||18,415|
|Number of locations:||1,571 ATMs and 1,197 branches|
|ATM locator||Find here|
Key Bank: Introduction
Key Bank, a subsidiary of KeyCorp, is a regional bank that provides a variety of financial services (retail banking services in the first place) in more than 20 American States (though, it’s business offices are located throughout 39 American States). The customers of this bank are also able to take advantage of the quite strong and developed Key Bank online banking program.
Even though Key Bank appears to be a regional bank (unlike large banks like Wells Fargo and Citi Bank), it also tends to be one of the oldest banks in the United States. The history of this bank can be traced to as early as 1825 when the Commercial Bank of Albany was originated. Yet, the key milestone in the development of this financial corporation took place in 1994 – Society National Bank and Key Bank merged at that time, thus forming the financial institution that we know nowadays.
As of the present time, Key Bank remains a regional bank, despite having an impressive number of branches and ATMs in many American States. The offices, branches, and ATMs of this bank can be found in the following American States nowadays: Washington, Washington, D.C., Virginia, Vermont, Utah, Texas, Pennsylvania, Oregon, Ohio, New York, New Jersey, Michigan, Massachusetts, Maryland, Maine, Indiana, Idaho, Florida, Delaware, Connecticut, Colorado, and Alaska.
During the 2000s, Key Bank acquired many smaller and business operations (like mortgage servicing rights that it purchased from Bank of America in 2013). Just recently, back in 2016, Key Bank acquired First Niagara Bank for $4.1 billion, which had been paid in stock and cash. As of 2017, this bank employed more than 18,000 workers, and Key Bank remains the only major American bank that is based in Cleveland. In the same year, the revenues of this bank were close to $7 billion.