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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Content from this campaign

Corporate Responsibility

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.

Socially Responsible Investing

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

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

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.

Corporate Responsibility

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

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

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.

Socially Responsible Investing

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

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.

Philanthropy

Rural Alaska Community Action Program Receives $150,000 Grant From KeyBank
Rural Alaska Community Action Program, Inc., (RurAL CAP) received a $150,000 grant from KeyBank to support its new Teacher Apprenticeship program, an effort to train and support new educators in attaining required certifications.

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KeyBank's Community Investment

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