All about key bank
Key Bank is the 13th largest bank in the united states as of 2005 and headquartered in the Key Tower in
Cleveland, Ohio. In 1994, Keycorp was formed and which was owned by Key Bank. It was formeed through the
merger of society Corp. of Cleveland("Society Bank") and Key Bank of Albany, New York.
Back to commercial Bank of Albany it can trace its roots. In 1849, Society Corp. originated as
Cleveland's Society for savings. On the New york Stock exchange, KeyCorp is a publicly- traded
stock. It is listed as KEY.
Key Bank has 19,000 employees approximately and small business, 2.4 million retail, and corporate
and invesment clients. In 13 states Key Banks are located. In 31 states, KeyCorp maintains its business
offices.It helps people to create ways to reach financial goals.
Services like Various financial, insurance, and investment services
and information services (the "Services") and other Materials and Products are
provided by Key Bank.
Products and Service:
- Checking Account
- ATM convience fee
- Atm fee
- ATM fees
- ATM service charges
- Check Cashing
- Customer (Lack of) Service
- Key Master Money Debit Card
- KeyMiles debit card
- Non-disclosure of Key Bank ATM fees
- Private student loans + poor customer service
- student checking
- Verification of Deposit
Key Bank wants to become a relevant and a very viable option for consumers, that is not possible
with 11 branches. so, they want to increase number of branches.
With sales of $10 million or les is focussed on small businesses by Key Bank that accounts for
about 80 percent of all U.S. companies. If it has 30 or 40 branches in metro Detroit, it could be very competitive.
$1.13 billion in net income on revenue of $5 billion in 2005 are posted by KeyCorp and in 2004
from $954 million in net income on revenue of $4.6 billion.
52-week trading range of $30.10-$37.85 per share are possesed by company's stock.
