Wednesday, Oct 26, 2016
One of America's Great Newspapers ~ Toledo, Ohio


KeyCorp plans to open up to 30 offices yearly

CLEVELAND — KeyCorp, Ohio's second-largest bank, will add as many as 30 branches a year as it returns to profitability, according to Chief Executive Officer Henry L. Meyer.

The bank is focusing on “higher-growth markets,” Mr. Meyer said. Offices are planned in the Northwest, including in Seattle and Portland, Ore., as well as in Colorado and central Indiana, he said. KeyCorp opened 39 branches this year and had 1,029 offices at the end of September.

The bank became profitable in the second quarter after eight consecutive losses. Shares in KeyCorp, which has yet to repay $2.5 billion in bailout funds, have risen 43 percent this year, making it the third-best-performing stock in the 24-company KBW Bank Index. Fifth Third Bancorp is Ohio's biggest lender.

Points of Interest
Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…