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

Person shown harvesting tomatoes in a garden.
gift ceremony
Great Day Colorado and KeyBank team members shown on Fox 31.
KeyBank Neighbors Make The Difference.
KeyBank: Neighbors Make the difference. Illustration of a woman holding a paintbrush.
Group of employees
Group of employees

Content from this campaign

Philanthropy & Cause Initiatives

KeyBank Teams Up with the Buffalo Bisons to Donate $10,000 to Slow Roll Buffalo
This past baseball season, KeyBank teamed up with the Buffalo Bisons to make a $7.00 donation to Slow Roll Buffalo for each defensive assist the Bisons made on the field. As one of the world’s largest free community bike rides, Slow Roll Buffalo’s mission is to provide inclusive.

Philanthropy & Cause Initiatives

Four Boise Organizations Receive KeyBank Grants Totaling $50,000
KeyBank has awarded $50,000 in grants to four Boise-based organizations: Northwest Association for Blind Athletes, Women and Children’s Alliance (WCA), First Tee Idaho and Boise State University Foundation. The grants will help each organization continue their mission of support.

Philanthropy & Cause Initiatives

Lakeland Community College Sees Success in First Year of 'Begin the Conversation' Initiative Following KeyBank Grant
In its inaugural year, Lakeland Community College’s Begin the Conversation (BTC) program saw success among participants with 11 of the 12 students in the first cohort continuing in the program.

Diversity & Inclusion

$400,000 Investment by KeyBank to Help NeighborWorks Western Pennsylvania Expand Efforts to Increase Equity in Homeownership in the Region
KeyBank is investing $400,000 in NeighborWorks Western Pennsylvania to help increase financial stability and homeownership throughout the region with a focus on Black individuals and families who have historically had inequitable access to homeownership.

Philanthropy & Cause Initiatives

KeyBank Opens New Branch and Distributes Grant in West Valley City
KeyBank celebrated its new full-service branch in West Valley City, Utah, October 20-21, with a celebration that included a ribbon cutting ceremony, family-friendly activities with prize giveaways and a meet and greet with a surprise guest from Real Salt Lake.

Awards, Ratings & Rankings

KeyBank Ranks Among Top SBA Lenders in Country
KeyBank announced it ranked among the top 15 lenders in the country for unit volumes for the Small Business Administration (SBA) 2023 Fiscal Year for both the SBA 7(a) and SBA 504 lending programs. During SBA’s FY 2023, KeyBank extended 918 loans for a total of $229 million.

Responsible Business & Employee Engagement

KeyBank to Present Community Lending Days in Utah
KeyBank will present Community Lending Days across the State of Utah in October. Various KeyBank Community Development Loan Officers will offer advice and details on products and assistance programs available to homebuyers.

Sustainable Finance & Socially Responsible Investment

$200,000 Investment by KeyBank To Help YWCA of Rochester & Monroe County Expand Options for Homeless Families
KeyBank is investing $200,000 to help Young Women's Christian Association of Rochester and Monroe County (YWCA) expand efforts to help homeless women and families find appropriate housing and improve financial stability. YWCA has been providing safe, quality housing to women.

Sustainable Finance & Socially Responsible Investment

KeyBank Provides $36.3 Million of Financing for Affordable Multifamily Housing in Colorado
KeyBank provided a $36.3 million for the new construction of Elevate at Aurora, a 137-unit family project in Aurora, CO. KeyBank Community Development Lending and Investment (CDLI) provided $30 million in Low Income Housing Tax Credit.

Sustainable Finance & Socially Responsible Investment

KeyBank Provides $41.2 Million of Financing for Affordable Multifamily Housing in New York
KeyBank Community Development Lending and Investment (CDLI) provided $17.1 million in Low Income Housing Tax Credit (LIHTC) equity and a $24.1 million permanent loan through the Fannie Mae forward MBS Tax-Exempt Bond (MTEB) program.
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  3. KeyBank's Community Investment
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