Stock Report: KeyCorp (KEY) Report Updated: May 13, 2013 | Print This Page

KeyCorp operates as a holding company for KeyBank National Association that provides various banking services in the United States. The company’s Key Community Bank segment offers regional banking services, including deposit and investment products; personal finance services and loans comprising residential mortgages, home equity, and installment loans; deposits, investment and credit products, and business advisory services to small businesses; and financial, estate and retirement planning, and asset management services to high-net-worth clients. This segment also provides commercial banking products and services, such as commercial lending, cash management, equipment leasing, investment and employee benefit programs, succession planning, access to capital markets, and derivatives and foreign exchange to mid size businesses. The company’s Key Corporate Bank segment offers real estate capital services, including construction and interim lending, revolving lines of credit, permanent placements, and treasury management. It also provides corporate banking services comprising cash management, interest rate derivatives, and foreign exchange products and services; commercial lending and treasury management; investment banking; derivatives, foreign exchange, and equity and debt underwriting and trading; and syndicated finance products and services to corporations and middle-market companies, as well as equipment financing for companies equipment manufacturers, distributors, and resellers. In addition, this segment manages or offers advice regarding investment portfolios for a client base, such as corporations, labor unions, not-for-profit organizations, governments, and individuals. As of December 31, 2011, the company operated 1,058 retail banking branches in 14 states; a telephone banking call center; and 1,579 automated teller machines in 15 states. KeyCorp was founded in 1849 and is headquartered in Cleveland, Ohio.