KeyBank's Community Investment

In states where Key has a presence, there are approximately 1.7 million low- to moderate-income (LMI) households. Many LMI individuals don’t have bank accounts or access to credit, and Key recognizes this important segment of the population as the “underserved.” Unfortunately, many underserved individuals turn to payday lenders or check cashing stores as a source of banking and receive no help establishing a credit history, breaking the cycle of debt, or establishing savings.

Since launching KeyBank Plus in 2004, Key has been a leader in responsible innovation for the underserved. KeyBank Plus is a unique combination of solutions which goes beyond “traditional” banking, creates economic stability and wealth-building, and offers reasonably priced products with features that ensure responsible use. For its approach to the underserved, Key has been recognized as an industry leader by the Center for Financial Services Innovation (CFSI), the National Community Reinvestment Coalition (NCRC), the Federal Reserve, the U.S. House Finance Committee, and the Federal Deposit Insurance Corporation (FDIC).

 

Videos from this campaign

Content from this campaign

Research, Reports & Publications

Fraud Continues to Be a Watchpoint for Small Businesses in the Current Economic Environment
Fraud prevention is an ongoing concern for small business owners, who continue to be vigilant of evolving fraud tactics and implement preventative measures to stop potential future attacks.

Responsible Business & Employee Engagement

KeyBank Serves as Strategic Partner for Small Businesses Through Economic Uncertainty
Many business owners may not realize that their bank can be a strategic partner, offering more than just a checking or savings account for their businesses. Small businesses’ banking partners are often deeply invested in their success and impact on their communities.

Sustainable Finance & Socially Responsible Investment

Economic Headwinds Abound, KeyBank’s Continued Investment in Local Communities Keeps Small Businesses Resilient
Inflation continues to be a pain point for business owners, and with the likelihood of interest rate cuts still held in the balance, this has only made the economic environment more uncertain for small business owners.

Events, Media & Communications

Providence Park To Unveil KeyBank Community Plaza in New Multiyear Partnership
KeyBank has entered a new multiyear partnership with the Portland Timbers and Portland Thorns FC, it was announced today. The partnership includes naming rights to the northeast entrance of Providence Park, which will be unveiled as the ‘KeyBank Community Plaza’ on May 9.

Philanthropy & Cause Initiatives

KeyBank Honored at Buffalo Philharmonic Orchestra's Annual Celebration of Music Education
KeyBank was recently recognized by the Buffalo Philharmonic Orchestra (BPO) with its 2024 Leadership in Music Education Award during the annual Celebration of Music Education. KeyBank and First Niagara Bank, which was acquired by KeyCorp in 2016.

Responsible Business & Employee Engagement

KeyBank Supports Community Small Businesses, As Owners Face Concerns About Inflation and Fraud
Often the first to feel the effects of inflation and economic volatility, small business owners are optimistic about their businesses, even as economic challenges remain. KeyBank’s 2024 Small Business Survey found that 65% of small business owners feel confident.

Philanthropy & Cause Initiatives

Goodwill of the Olympics and Rainier Region Receives $300,000 Grant From KeyBank for Clean Energy Initiative
Goodwill of the Olympics and Rainier Region has received a grant of $300,000 from KeyBank. The funds will help support clean energy/clean tech career preparation courses to equip young adult job seekers to pursue green economy-related careers in the rapidly growing sector.

Philanthropy & Cause Initiatives

Utah Community Action Program Expanding Workforce Development Initiatives Thanks to $300,000 Grant from KeyBank
Utah Community Action (UCA) has received a grant from KeyBank for $300,000 in support of the expansion of its workforce development program, which offers training and credentials to help low-income individuals increase wages, benefits, job retention and career opportunities.

Sustainable Finance & Socially Responsible Investment

Senior Housing Project Financed by KeyBank CDLI Receives Redevelopment of the Year Award in Cleveland
The Longfellow Senior Housing, an historic redevelopment in Cleveland’s Collinwood community financed by KeyBank, has been awarded CoStar’s 2023 Impact Award for Redevelopment of the Year in Cleveland. KeyBank (CDLI) provided a $16.9 million investment.

Philanthropy & Cause Initiatives

Rural Community Assistance Corporation (RCAC) Receives $150,000 Grant From KeyBank in Support of Environmental Programs
KeyBank announced a $150,000 grant to Rural Community Assistance Corporation to support its environmental programs. Specifically, it will enable RCAC to improve low-income, rural communities’ access to safe, affordable drinking water and to mitigate the effects of climate change.
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More from KeyBank

  1. KeyBank's Community Investment
    In states where Key has a presence, there are approximately 1.7 million low- to moderate-income (LMI) households. Many LMI individuals don’t have bank...
  2. KeyBank's Commitment to Diversity
    Promoting inclusive environments by employing systemic changes to improve the access of individuals of diverse backgrounds. Learn more about our...
  3. KeyBank Foundation: Helping Communities Thrive through Education, Workforce Development, and Service
    KeyBank Foundation helps build thriving communities by supporting organizations and programs that foster thriving students and a thriving workforce...
  4. KeyBank: Responsible Banking
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  5. Key Supports Affordable Housing
    KeyBank Community Development Lending and Investment helps fulfill Key’s purpose to help clients and communities thrive by financing projects that...
  6. KeyBank 2022 Environmental, Social and Governance Report
    “As we move forward, we’ll continue our focus on creating shared value. From investing in communities to reducing our own carbon footprint to...
  7. KeyCorp's Sustainability Initiatives
    Responsible banking means conducting the core business of banking with integrity, and it includes our products, services, pricing, and approach to...
  8. KeyBank 2021 Environmental, Social and Governance Report
    “At Key, being a responsible corporate citizen is central to who we are and how we do business. We are committed to delivering for all stakeholders by...
  9. Focused Forward: KeyCorp 2013 CR Report
    KeyCorp's 2013 Corporate Responsibility Report was released on Monday, September 15, 2014. Content from the report will be issued and promoted...