Financial ServicesIndustry News

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.

KeyBank customers take note: KeyBank to close Upstate branches as part of cost-cutitng

KeyBank N.A. plans to close a branch in Chautauqua County this spring as the lender's parent company moves forward with a plan to trim expenses by $200 million. The Cleveland-headquartered bank has notified regulators that the office at 50 E. Main St. in Westfield will close for business on April 26. A company spokesperson said accounts will shift to KeyBank's Dunkirk branch at 51 East 4th St. in Dunkirk. "With regard to this consolidation, we continually look at client patterns within our branch network and how our clients are using our digital and mobile banking products," spokesperson Matthew Pitts said in an email. "We do this to best meet the needs of our clients and our business." The notification filed with the U.S. Office of the Comptroller of the Currency is one of six submitted last week to the agency. Branches will also close in Rochester; Dansville in Livingston County; Clyde in Wayne County and Connecticut.

Buffalo Business First on KeyBank: Expect to see fewer Keybank branches in future

KeyBank N.A. closed 38 branches in 2018 and there's more to come this year. Just how many remains unclear. Vice chairman Christopher Gorman told analysts this week to "expect (the bank) to really ramp up" on that front. "We feel like we're pretty good at it," Gorman said. "As we went through (the 2016 acquisition of) First Niagara, we rationalized the fleet. We think with the technology (and) the digital capabilities that we have, we have the capability to keep our clients and thin out some of the branches. You'll see us actually step that up this year over last year."

KeyBank customers take note: One of Greater Cincinnati’s largest banks names new CEO

One of the largest banks in Greater Cincinnati is getting a new leader. Cleveland-based KeyCorp (NYSE: KEY) announced Thursday that current chairman and CEO Beth Mooney will retire on May 1, 2020. Chris Gorman, who has been appointed president and chief operating officer as well as a member of the company’s board of directors, will succeed Mooney following her exit. Mooney has been the bank’s chairman and CEO since May 1 2011, after joining KeyBank in 2006. “My time at Key has represented some of the most rewarding years in my 40 years in banking. I am proud of what we’ve accomplished together, and I look forward to continued success under the leadership of Chris and the diverse and talented team at KeyBank,” Mooney said in a statement.

Latest KeyBank consumer news: Car Crashes Into KeyBank Building On North Side

By: KDKA-TV News Staff PITTSBURGH (KDKA) – A car crashed into the KeyBank building on Pittsburgh’s North Side early this morning. The car struck the building along Western Avenue and smashed out a window. It also lost a tired before backing away from the building. The driver was not injured.

Hold KeyBank responsible: One of Greater Cincinnati’s largest banks names new CEO

From Cincinnati Business Courier: One of the largest banks in Greater Cincinnati is getting a new leader. Cleveland-based KeyCorp (NYSE: KEY) announced Thursday that current chairman and CEO Beth Mooney will retire on May 1, 2020....

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