Key Bank
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| KeyCorp | |
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| Type | Public |
|---|---|
| Founded | 1994 |
| Headquarters | Cleveland, Ohio |
| Key people | Henry L. Meyer III, Chairman & CEO; Thomas Stevens, Vice Chairman, Chief Administrative Officer |
| Industry | Financial Services |
| Products | Banking |
| Revenue | $4,868 million USD FY 2005 |
| Net income | $1,129 million USD FY 2005 |
| Employees | 19,931 |
| Subsidiaries | McDonald Financial Group |
| Website | [[1]] |
KeyBank is a bank headquartered in the Key Tower in Cleveland, Ohio. As of 2005, it is the 15th largest bank in the United States.[2]
KeyBank is owned by KeyCorp which was formed in 1994 through the merger of Society Corp. of Cleveland ("Society Bank") and Key Bank of Albany, New York, which can trace its roots back to Commercial Bank of Albany (1825). Society Corp. originated as Cleveland's Society for Savings in 1849, and had acquired Cleveland Central National Bank in 1986, Ameritrust (formerly Cleveland Trust) prior to its own acquistion by KeyCorp. KeyCorp is a publicly-traded stock on the New York Stock Exchange. It is listed as KEY.
KeyBank has approximately 19,000 employees and 2.2 million retail, small business, and corporate and investment clients. KeyBanks are located in 13 states. KeyCorp maintains business offices in 31 states. [3]
On September 6, 2006, KeyBank announced that it was selling its branch network McDonald Investments Inc. to UBS Financial Services Inc. [4]
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