12 Facts About Key Bank

1.

Key Bank ranked 449th on the 2022 Fortune 500 list based on its 2021 revenue.

FactSnippet No. 1,964,946
2.

Key Bank snapped up small banks in Wyoming, Idaho, Utah, Washington and Oregon.

FactSnippet No. 1,964,947
3.

Key Bank even went so far as to buy two banks in Alaska, for which he was flogged in the media and in banking circles.

FactSnippet No. 1,964,948
4.

Also in 1992, Key Bank acquired Home Federal Savings of Fort Collins, its first move into Colorado.

FactSnippet No. 1,964,949
5.

When Key acquired a bank, it retained most of the bank's personnel.

FactSnippet No. 1,964,950
6.

Key Bank began testing a Vision 2001 computer system, which sped up and enhanced the loan process through faster credit scoring, loan servicing and collection capabilities.

FactSnippet No. 1,964,951
7.

Key Bank concluded Key, a bank with similar ambitions, was a suitable partner.

FactSnippet No. 1,964,952
8.

For its part, Key Bank needed a succession plan due to the lack of an obvious successor to the 62-year-old Riley.

FactSnippet No. 1,964,953
9.

Key Bank decided to accelerate it by four months instead stepping down on September 1,1995.

FactSnippet No. 1,964,954
10.

In March 2011, Key was one of the last major banks to pay back TARP funds.

FactSnippet No. 1,964,955
11.

In May 2011, Key made history by naming Beth E Mooney, previously the bank's president, as the first female Chairman and CEO of a top 20 bank.

FactSnippet No. 1,964,956
12.

In January 2012, Key acquired 37 former HSBC Bank USA branches in Upstate New York from First Niagara Bank for $110 million.

FactSnippet No. 1,964,957