Key Bank BuildingKeyCorp is a national financial services company based in Cleveland, Ohio. It is the parent company of KeyBank which has branches in 13 states. In early November, KeyCorp began participating in the Treasury Department’s Capital Purchase Program receiving $2.5 billion through the sale of stock.  After recently announcing a cut in its dividend payments, KeyCorp’s stock value tumbled to its lowest value since 1990. Citing the poor credit market, KeyBank has recently ceased its private student lending service. According to Fortune 500’s annual ranking, KeyCorp is the 15th largest commercial U.S. Bank.


Resources

Bank Bio Chart | Financial Documents | Federal contracts

Lobbying reports | Political Contributions | Related Articles


Bailout Bank Bio: KeyCorp

 

Federal Equity Investment

$2.5 billion

Total Revenue

$7.93 billion (2007)
$6.66 billion (2008)

Net Income (Loss)

$919 million (2007)
$(1.47 billion) (2008)

Number of Employees

18,290

Corporate Headquarters

Cleveland, Ohio

Business Sector

Banking, Financial Services

Officers and Directors

Henry L. Meyer III, Chairman and CEO

Other Officers and Directors

Corporate Website

www.key.com/index.html

Executive Compensation

KeyCorp

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

►Financial Documents

9-30-08 KeyCorp 10-Q Quarterly Report

8-08-08 KeyCorp 10-Q Quarterly Report

5-06-08 KeyCorp 10-Q Quarterly Report

2-28-08 KeyCorp  Annual Report 10-K


Federal contracts

USAspending.gov (last accessed 12/4/08)

Lobbying reports (if any)

Third Quarter 2008
 

Political Contributions

Center for Responsive Politics  (last accessed 12/4/2008)

Related Articles

November 21, 2008 KeyCorp's shares hit 18-year low after dividend cut (The Plain Dealer)

November 20, 2008 Community banks on shaky ground (Beaverton Valley Times)

November 17, 2008 KeyCorp receives $2.5B in Treasury deal (Portland Business Journal)

November 14, 2008 KeyBank cancels holiday party; will distribute $30K in donations (The Business Review) 

November 9, 2008 Fed Buys Student Loans as Market Freezes (The Epoch Times)

 
October 29, 2008 KeyCorp unit bypassed acquisition due to accounting rules (Crain’s Cleveland Business)

 

Last Updated March 13, 2009

Share This Story!

Related Posts