KeyBank's Community Investment

In states where Key has a presence, there are approximately 1.7 million low- to moderate-income (LMI) households. Many LMI individuals don’t have bank accounts or access to credit, and Key recognizes this important segment of the population as the “underserved.” Unfortunately, many underserved individuals turn to payday lenders or check cashing stores as a source of banking and receive no help establishing a credit history, breaking the cycle of debt, or establishing savings.

Since launching KeyBank Plus in 2004, Key has been a leader in responsible innovation for the underserved. KeyBank Plus is a unique combination of solutions which goes beyond “traditional” banking, creates economic stability and wealth-building, and offers reasonably priced products with features that ensure responsible use. For its approach to the underserved, Key has been recognized as an industry leader by the Center for Financial Services Innovation (CFSI), the National Community Reinvestment Coalition (NCRC), the Federal Reserve, the U.S. House Finance Committee, and the Federal Deposit Insurance Corporation (FDIC).

 

Videos from this campaign

Person shown harvesting tomatoes in a garden.
gift ceremony
Great Day Colorado and KeyBank team members shown on Fox 31.
KeyBank Neighbors Make The Difference.
KeyBank: Neighbors Make the difference. Illustration of a woman holding a paintbrush.
Group of employees
Group of employees

Content from this campaign

Sustainable Finance & Socially Responsible Investment

Economic Headwinds Abound, KeyBank’s Continued Investment in Local Communities Keeps Small Businesses Resilient
Inflation continues to be a pain point for business owners, and with the likelihood of interest rate cuts still held in the balance, this has only made the economic environment more uncertain for small business owners.

Events, Media & Communications

Providence Park To Unveil KeyBank Community Plaza in New Multiyear Partnership
KeyBank has entered a new multiyear partnership with the Portland Timbers and Portland Thorns FC, it was announced today. The partnership includes naming rights to the northeast entrance of Providence Park, which will be unveiled as the ‘KeyBank Community Plaza’ on May 9.

Philanthropy & Cause Initiatives

KeyBank Honored at Buffalo Philharmonic Orchestra's Annual Celebration of Music Education
KeyBank was recently recognized by the Buffalo Philharmonic Orchestra (BPO) with its 2024 Leadership in Music Education Award during the annual Celebration of Music Education. KeyBank and First Niagara Bank, which was acquired by KeyCorp in 2016.

Responsible Business & Employee Engagement

KeyBank Supports Community Small Businesses, As Owners Face Concerns About Inflation and Fraud
Often the first to feel the effects of inflation and economic volatility, small business owners are optimistic about their businesses, even as economic challenges remain. KeyBank’s 2024 Small Business Survey found that 65% of small business owners feel confident.

Philanthropy & Cause Initiatives

Goodwill of the Olympics and Rainier Region Receives $300,000 Grant From KeyBank for Clean Energy Initiative
Goodwill of the Olympics and Rainier Region has received a grant of $300,000 from KeyBank. The funds will help support clean energy/clean tech career preparation courses to equip young adult job seekers to pursue green economy-related careers in the rapidly growing sector.

Philanthropy & Cause Initiatives

Utah Community Action Program Expanding Workforce Development Initiatives Thanks to $300,000 Grant from KeyBank
Utah Community Action (UCA) has received a grant from KeyBank for $300,000 in support of the expansion of its workforce development program, which offers training and credentials to help low-income individuals increase wages, benefits, job retention and career opportunities.

Sustainable Finance & Socially Responsible Investment

Senior Housing Project Financed by KeyBank CDLI Receives Redevelopment of the Year Award in Cleveland
The Longfellow Senior Housing, an historic redevelopment in Cleveland’s Collinwood community financed by KeyBank, has been awarded CoStar’s 2023 Impact Award for Redevelopment of the Year in Cleveland. KeyBank (CDLI) provided a $16.9 million investment.

Philanthropy & Cause Initiatives

Rural Community Assistance Corporation (RCAC) Receives $150,000 Grant From KeyBank in Support of Environmental Programs
KeyBank announced a $150,000 grant to Rural Community Assistance Corporation to support its environmental programs. Specifically, it will enable RCAC to improve low-income, rural communities’ access to safe, affordable drinking water and to mitigate the effects of climate change.

Philanthropy & Cause Initiatives

Rural Alaska Community Action Program Receives $150,000 Grant From KeyBank
Rural Alaska Community Action Program, Inc., (RurAL CAP) received a $150,000 grant from KeyBank to support its new Teacher Apprenticeship program, an effort to train and support new educators in attaining required certifications.

Philanthropy & Cause Initiatives

KeyBank Opens New, Full-Service Branch on Redmond Ridge
To commemorate the new Redmond Ridge neighborhood branch opening, KeyBank also invested in two local nonprofit groups. HopeLink and Together Center each received a $10,000 donation from Key to further their missions to help the local community.
KeyBank Logo

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  3. KeyBank's Community Investment
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