Key Bank
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| Public company | |
| Traded as | : KEY S&P 500 Component |
| Industry | Financial services |
| Founded | 1825 Albany, New York |
| Headquarters | 127 Public Square, Cleveland, Ohio 44114 |
| Products | Banking |
| Revenue | $5.8 billion (2015) |
| $892 million (2015) | |
| Total assets | $135 billion (2016) |
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Number of employees
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20,000 (2016) |
| Website | www |
KeyBank, the primary business of its corporate parent KeyCorp, (: KEY) is an American regional bank headquartered in Cleveland, Ohio. Upon completing its purchase of First Niagara Bank in 2016, Key became the 18th-largest US bank by total assets. Since 2008, KeyBank has been the only major bank based in Cleveland.
KeyCorp's primary regulator, under the Bank Holding Company Act, is the Federal Reserve, while KeyBank National Association is a nationally chartered bank, regulated by the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation (FDIC). Other subsidiaries are subject to regulation from Consumer Financial Protection Bureau (CFPB), U.S. Securities and Exchange Commission, and other customary regulatory bodies.
As of 2016, KeyBank had approximately 20,000 employees and a diverse client base. Key's customer base spans retail, small business, corporate, and investment clients. There are 1,200 KeyBank branches, located in Alaska, Colorado, Connecticut, Florida, Idaho, Indiana, Maine, Massachusetts, Michigan, New York, Ohio, Oregon, Pennsylvania, Utah, Vermont, and Washington, and 1,500 ATMs. KeyCorp maintains business offices in 31 states. As of 2015, Key was ranked 592 on the Fortune 500 list.
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Wikipedia