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).

 

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Philanthropy

FareStart Receives $450,000 Grant From KeyBank Foundation
The KeyBank Foundation has announced a grant of $450,000 to FareStart as the nonprofit seeks to extend the breadth and depth of its job training programs, with a goal of increasing overall program impact by 60% over three years.

Socially Responsible Investing

KeyBank Community Development Lending and Investment Provides $41 Million of Financing for New Affordable Housing in Pittsburgh
KeyBank CDLI provided a $27 million construction loan and arranged a $14.4 million Private Placement permanent loan to finance the adaptive reuse of the First & Market office building. First & Market building will introduce 93 affordable senior housing units in Pittsburgh.

Philanthropy

KeyBank Cuts Ribbon on New Port Chester New York Branch With Grant to Nonprofit Project Morry
KeyBank celebrated the opening of its newest branch office located at 1 North Main Street, Port Chester, with a ribbon cutting ceremony attended by bank leaders, local business owners and community partners. 

Socially Responsible Investing

KeyBank Provides $23 Million of Financing for New Affordable Housing in Trotwood, Ohio
KeyBank Community Development Lending and Investment (CDLI) provided a $9.8 million construction loan, a $3.7 million permanent loan and $9.4 million in low-income housing tax credit (LIHTC) financing for construction of Jalen Lofts

Socially Responsible Investing

KeyBank Provides $36.4 Million of Financing for New Affordable Housing in Toledo, Ohio
KeyBank Community Development Lending and Investment (CDLI) provided a $15.5 million construction loan, a $3.18 million permanent loan and $17.7 million in low-income housing tax credit (LIHTC) to finance the new construction of The Grand and The Glen

Volunteering & Community

Partners Focused on Growth As KeyBank Delavan-Grider Farmers Market Moves Toward 4th Year
Since the movie “Field of Dreams” premiered in 1989, a simple but meaningful line has become part of the American lexicon: “If you build it, they will come.”

Philanthropy

KeyBank Awards 16 Western Pennsylvania Organizations through EITC Program Totaling More than $525,000
Today KeyBank announced it has awarded 16 Western Pennsylvania organizations with funding through Pennsylvania’s Educational Improvement Tax Credit (EITC) program totaling more than $525,000.

Philanthropy

NeighborWorks Salt Lake Receives $225,000 Grant From KeyBank To Support CareerWorks Program
KeyBank has awarded a $225,000 grant to NeighborWorks Salt Lake (NWSL), a Utah-based nonprofit organization that strengthens community neighborhoods through housing, resident leadership, youth, and economic development opportunities.

Philanthropy

KeyBank Donates $5,000 to 2024 Food 2 Families Campaign in Buffalo, NY
KeyBank donated $5,000 to the 2024 Food 2 Families campaign in Buffalo, NY. The annual campaign, which KeyBank has proudly supported, helps FeedMore WNY provide nutritious food, friendship and skills training to its Western New York neighbors in need.

Philanthropy

A Winning Partnership: KeyBank Teams Up with the Buffalo Sabres to Support the Rasmus Dahlin Foundation
KeyBank and the Buffalo Sabres have enjoyed a longtime business and community partnership. Key is the official bank of the NHL team and the Sabres play their home games at KeyBank Center in downtown Buffalo.

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