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 Client

Content from this campaign

Sustainable Finance & Socially Responsible Investment
$20 Million Investment From KeyBank Bolsters New Affordable Housing Initiative in Cleveland
Cleveland Mayor Justin M. Bibb, Cleveland City Council and the Cleveland office of Local Initiatives Support Corporation (LISC Cleveland) announced details of a major new initiative to address the affordable housing crisis facing Cleveland residents.
Philanthropy
Anchorage Community Land Trust (ACLT) Receives $300,000 Grant From KeyBank for a Shared Commercial Kitchen Incubator
Anchorage Community Land Trust (ACLT) has received a $300,000 grant from KeyBank to launch the programming and operations of a new shared commercial kitchen facility in the Mountain View neighborhood of Anchorage.
Awards & Rankings
Buffalo Named KeyBank’s “Market of the Year” for 2024
KeyBank’s Buffalo market has been named the bank’s 2024 Market of the Year. This award recognizes the service teammates provide to clients and acknowledges the Buffalo market as the top performer among the 27 markets in the company’s footprint.
Volunteering & Community
Free Identity Theft Prevention Workshop Aims To Financially Empower Rockland County Residents
The Community Outreach Center (COC), in collaboration with KeyBank, recently hosted a free identity theft workshop as a service to the community, aimed at empowering individuals with essential knowledge to protect against identity theft.
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.
Sustainable Finance & Socially Responsible Investment
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. 
Sustainable Finance & Socially Responsible Investment
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
Sustainable Finance & Socially Responsible Investment
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.”

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KeyBank's Community Investment

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