KeyCorp is a national financial services company based in Cleveland, Ohio. It is the parent company of KeyBank which has branches in 13 states. In early November, KeyCorp began participating in the Treasury Department’s Capital Purchase Program receiving $2.5 billion through the sale of stock. After recently announcing a cut in its dividend payments, KeyCorp’s stock value tumbled to its lowest value since 1990. Citing the poor credit market, KeyBank has recently ceased its private student lending service. According to Fortune 500’s annual ranking, KeyCorp is the 15th largest commercial U.S. Bank.
Resources
Bank Bio Chart | Financial Documents | Federal contracts
Lobbying reports | Political Contributions | Related Articles
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Federal Equity Investment |
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Total Revenue |
$7.93 billion (2007) |
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Net Income (Loss) |
$919 million (2007) |
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Number of Employees |
18,290 |
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Corporate Headquarters |
Cleveland, Ohio |
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Business Sector |
Banking, Financial Services |
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Officers and Directors |
Henry L. Meyer III, Chairman and CEO |
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Corporate Website |
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Executive Compensation |
9-30-08 KeyCorp 10-Q Quarterly Report
8-08-08 KeyCorp 10-Q Quarterly Report
5-06-08 KeyCorp 10-Q Quarterly Report
2-28-08 KeyCorp Annual Report 10-K
USAspending.gov (last accessed 12/4/08)
Center for Responsive Politics (last accessed 12/4/2008)
November 21, 2008 KeyCorp's shares hit 18-year low after dividend cut (The Plain Dealer)
November 20, 2008 Community banks on shaky ground (Beaverton Valley Times)
November 17, 2008 KeyCorp receives $2.5B in Treasury deal (Portland Business Journal)
November 14, 2008 KeyBank cancels holiday party; will distribute $30K in donations (The Business Review)
November 9, 2008 Fed Buys Student Loans as Market Freezes (The Epoch Times)
Last Updated March 13, 2009
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