KeyCorp (NYSE:KEY) is a bank holding company headquartered in Cleveland, Ohio, offering commercial and consumer banking services through its subsidiary, KeyBank. The company traces its origins to the founding of Society for Savings in 1849 and adopted the KeyCorp name following a merger in 1994. Over the decades, KeyCorp has built a reputation for stability and community engagement, positioning itself as a regional financial institution with a legacy stretching back more than 170 years.
KeyCorp operates through several primary business lines, including consumer banking, commercial banking, corporate and investment banking, and asset management. Its consumer banking services encompass deposit accounts, mortgage lending, home equity products, credit cards, and digital banking. In the commercial banking segment, KeyCorp provides lending, treasury management, equipment financing, and industries-specific solutions for small and medium-sized businesses. The corporate and investment banking group supports corporate clients with capital markets, merger and acquisition advisory, and risk management services, while the asset management division delivers wealth planning, trust services, and investment strategies to individuals and institutions.
KeyBankâs branch network spans approximately 15 states, with a concentration in the Midwest and the Northeast, including key markets such as Ohio, New York, Pennsylvania, and Massachusetts. The bank also extends its reach nationally through digital platforms and specialized lending divisions. Christopher M. Gorman, who has served as president and chief executive officer since 2019, leads a management team focused on innovation, client experience, and sustainable growth. Under his leadership, KeyCorp continues to invest in technology enhancements and community development initiatives, reinforcing its commitment to both customers and the regions it serves.