America’s KeyCorp (NYSE: KEY) started its existence in 1994, following a merger of Society Corp. of Cleveland, also known as Society Bank and KeyCorp, seated in Albany, New York. KeyCorp’s fact-sheet is headquartered in Cleveland, Ohio and its assets amount to US $97 billion (end-Q3 2009). The structure sustains a network of 1,492 ATMs and 1,003 full-service offices across the USA, manned with over 16,000 employees. KeyCorp is headed by Mr. Henry L. Meyer, Chairman of the Board and CEO.

KeyBank, a fully-owned subsidiary of KeyCorp, has developed its business along the lines of personal banking, business banking, and corporate banking.

The personal banking division of the bank offers the full range of everyday banking services such as: checking and savings accounts and certificates of deposit, online banking with a bill-payment option, credit and debit card issuance and a check order service. The bank’s loan portfolio includes student and consumer loans, mortgages and home equity loans and lines, as well as financing solutions for the purchase of motor vehicles and boats. The investing and private banking solutions of Key Bank encompass individual retirement accounts, college savings plans, mutual funds, wealth management and investment planning services, as well as a wide range of insurance plans, including identity theft insurance.

The business banking division of Key Bank offers everyday banking services for business people such as checking and savings accounts and deposits, credit and debit cards, along with business financing options such as small business credit lines and term loans, as well as loans for the purchase of equipment, raw materials, and business start-up. The business banking solutions of Key Bank also include tax payment and advisory services, online and total banking, payroll and merchant services.

The corporate clients of Key Bank may take advantage of a broad range of banking and financial services, including mergers and acquisitions advisory and market analyses, commodity and interest rate derivatives, public and private equity and equity research services. Other services include cash management and international asset management, corporate loans and asset-based lending, credit lines for the purchase of industrial equipment and means of production, as well as financing for governmental, healthcare and non-profit organizations.

As a result of an increase in the provision of loan losses, write-downs of real estate- related investments, higher costs caused by the write-off of some intangible assets, in 2009 KeyCorp announced net loss from continuing operations of $ 0.50 per common share, while the company’s capital and liquidity positions remain strong with a common equity ratio of 7.63%.

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