KeyBank Deployed Over $7.1 Billion to Low-To-Moderate Income Individuals and Communities Through
Two Years of Community Benefits Plan
CLEVELAND, OH - May 29, 2019 - KeyBank has released its 2018 Corporate Responsibility report, highlighting the company’s ongoing legacy as a responsible bank and citizen. Included in the report are the results from the first two years of the National Community Benefits Plan, under which KeyBank invested over $7.1 billion in communities. KeyBank executives said the investments exceeded the goals for the first two years of the plan by 38%.
“Helping clients and communities thrive is KeyBank’s purpose,” said Don Graves, Head of Corporate Responsibility & Community Relations, KeyBank. “Our goal is to help build stable neighborhoods with affordable housing, growing small businesses, and increasing jobs. I’m pleased that KeyBank has invested over $7.1 billion through our business towards creating shared value with our communities. When our communities do well, we all do well.”
Highlights from the community benefits plan results include:
Graves also pointed out that in 2018, KeyBank became one of the only top 25 U.S. banks to earn a ninth consecutive “Outstanding” rating from the Office of the Comptroller of the Currency (OCC), for exceeding the terms of the Community Reinvestment Act (CRA). “Community investment is critical today as we have an obligation to bring hope, opportunity, and dignity to the neighborhoods where we do business. Our latest Corporate Responsibility report shows why this is the right approach for our clients, for our communities, for our employees, and for our business,” Graves said.
In addition to information on the National Community Benefits Plan, KeyBank’s 2018 Corporate Responsibility report focuses on the bank’s commitment to its clients, communities and employees. Highlights of the report include detail on KeyBank’s efforts around: diversity and inclusion; fostering sustainable communities and operations; financial wellness; employee volunteerism; and transformative philanthropy. To view the full KeyBank Corporate Responsibility Report, visit: www.key.com/crreport
KeyCorp’s (NYSE: KEY) roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $141.5 billion at March 31, 2019. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of over 1,100 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.
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