KeyBankConsumer News

Latest KeyBank consumer news: Nonprofit news: Wilson Foundation awards $1M; plus grants from Salvatore, KeyBank and the Oishei Foundation

From Buffalo Business First: The Ralph C. Wilson Jr. Foundation has awarded more than $1 million to help nearly 525 small, home-based childcare providers throughout...

KeyBank headlines: KeyBank donates $60,000 to Catholic Health

From Buffalo News: KeyBank, in partnership with the First Niagara Foundation, is providing $60,000 to Catholic Health to support the health care system's response to...

KeyBank headlines: KeyBank celebrates new branch by making $181K in local grants

On the heels of opening a retail branch on Buffalo’s East Side, KeyBank N.A. is providing $181,000 in grant funding to organizations and initiatives doing work in the city's Delavan-Grider neighborhood. The investments were announced during the bank’s June 27 grand opening of the office at 752 E. Delavan Ave. The site opened to the public on June 3. Christopher Gorman, president of banking, and Don Graves, head of corporate responsibility and community relations, made the trip from Cleveland to Buffalo to announce the grants. KeyBank is the banking arm of KeyCorp (NYSE: KEY) and the second-largest deposit taker in the eight counties of Western New York. “We’re going to make this work,” Gorman said of the branch. “We believe this is going to transform the neighborhood.”

Latest KeyBank consumer news: Lawsuit against client details suspected fraud against KeyBank

A lawsuit filed by KeyBank N.A. reveals more details about suspected fraudulent activity by a business client. The complaint – which was initially filed July 9 with the U.S. District Court for the Northern District of Ohio and amended a day later – alleges that KeyBank lost or is at risk of losing about $122 million as a result of the “willful breaches and fraudulent conduct” of an Indiana-based payroll processor and its CEO. The lawsuit names Interlogic Outsourcing Inc. and Najeeb Khan as defendants. Interlogic is based in Elkhart, Indiana; Khan is based in Michigan. Parent company KeyCorp (NYSE: KEY) told regulators July 16 that it discovered fraudulent activity that could cost the bank up to $90 million. In a statement, the bank said it is investigating a “processing irregularity” and believes the event is an isolated incident.

Buffalo Business First on KeyBank: M&T’s expenses rise; KeyBank takes loss over fraud incident

A lawsuit filed by KeyBank N.A. reveals more details about suspected fraudulent activity by a business client. The complaint – which was initially filed July 9 with the U.S. District Court for the Northern District of Ohio and amended a day later – alleges that KeyBank lost or is at risk of losing about $122 million as a result of the “willful breaches and fraudulent conduct” of an Indiana-based payroll processor and its CEO. The lawsuit names Interlogic Outsourcing Inc. and Najeeb Khan as defendants. Interlogic is based in Elkhart, Indiana; Khan is based in Michigan. Parent company KeyCorp (NYSE: KEY) told regulators July 16 that it discovered fraudulent activity that could cost the bank up to $90 million. In a statement, the bank said it is investigating a “processing irregularity” and believes the event is an isolated incident.

KeyBank headlines: KeyBank’s new branch will open in June

KeyBank N.A. has set an official opening date for its new branch on Buffalo’s East Side. The office at 752 E. Delavan Ave. near Grider Street will open June 3. It will be the second bank branch to open on the city’s East Side this year, following Northwest Bank, which opened its Jefferson Avenue office in January. “There are a lot of transformative things happening on the East Side and we’re really thrilled to be part of it,” spokesperson Matthew Pitts said. “We think this will deepen the relationships we already have there and open up some new ones as well.” The office is one of the most visible aspects of the five-year $16.5 billion community benefits plan to which KeyBank’s parent, KeyCorp (NYSE: KEY), agreed as part of the 2016 acquisition of Buffalo-based First Niagara Financial Group Inc.

Hold KeyBank responsible: KeyBank completes purchase of fintech business

KeyBank N.A. has set an official opening date for its new branch on Buffalo’s East Side. The office at 752 E. Delavan Ave. near Grider Street will open June 3. It will be the second bank branch to open on the city’s East Side this year, following Northwest Bank, which opened its Jefferson Avenue office in January. “There are a lot of transformative things happening on the East Side and we’re really thrilled to be part of it,” spokesperson Matthew Pitts said. “We think this will deepen the relationships we already have there and open up some new ones as well.” The office is one of the most visible aspects of the five-year $16.5 billion community benefits plan to which KeyBank’s parent, KeyCorp (NYSE: KEY), agreed as part of the 2016 acquisition of Buffalo-based First Niagara Financial Group Inc.

Take action against KeyBank: Training program boosting KeyBank’s employment roster

Last summer Leah Villagomez had an opportunity to land a full-time job at KeyBank N.A. The West Seneca native was one of 21 college interns from Buffalo and Rochester selected for the first half of the retail management associate program. Of those 21, the bank chose seven to return this summer to begin the second half of the program, a full-time paid training position in retail banking. Villagomez will spend the next six months studying to become a certified relationship manager and, if she gets licensed, in January she will start a 12-month-long assignment at an assigned retail branch.

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