Wikipedia
name | KeyCorp
logo |
type | Public
traded_as |
S&P 500 Component
foundation location | 1825
location | COLORADO SPRINGS, COLORADO, U.S.
industry | Financial services
products | Banking
revenue | $4.114 billion (2013)
operating_income |
net_income | $887 million (2013)
assets | $98.4 billion (2016)
market cap | $11.67 billion (2014)
num_employees | 14,000 (2013)
parent |
homepage |
footnotes |
KeyBank is an American regional bank headquartered in Cleveland, Ohio. , it is the 22nd largest bank in the United States based on total deposits. It is the 29th largest bank in the United States 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 2013, KeyBank had approximately 14,000 employees and a diverse client base. Key's customer base spans retail, small business, corporate, and investment clients. There are 1,000 KeyBank branches, located in Alaska, Colorado, Idaho, Indiana, Kentucky, Maine, Michigan, New York, Ohio, Oregon, Utah, Vermont, and Washington, and 1,300 ATMs; its recent acquisition of First Niagara Bank will add Connecticut, Massachusetts, and Pennsylvania to Key's footprint. KeyCorp maintains business offices in 31 states. As of 2015, Key was ranked 592 on the Fortune 500 list.
The company no longer owns the naming rights to KeyArena in Seattle, Washington, although the building continues to use the name. On April 11, 1995, the city of Seattle sold the naming rights to KeyCorp for $15.1 million, which renamed the Coliseum as KeyArena. In March 2009, the city and KeyCorp signed a new deal for a two-year term that ended December 31, 2010, at an annual fee of $300,000. The company did not renew the naming rights.