Daily News: July 18, 2014

KeyCorp Acquires Pacific Crest Securities


KeyCorp announced that it has entered into an agreement to acquire Pacific Crest Securities, a technology focused investment bank and capital markets firm. Following the closing of the transaction and upon receipt of regulatory approvals, Pacific Crest Securities will join KeyBanc Capital Markets, the corporate and investment banking business unit of Key.

KeyCorp said the acquisition underscores Key’s commitment to creating the leading corporate and investment bank serving middle market companies. The combined platforms bring together two firms with a shared vision of enhancing their differentiation in the market by capitalizing on the convergence of technology across traditional industry verticals.

“I am pleased to welcome the Pacific Crest team to Key,” said chairman and CEO, Beth E. Mooney. “Adding technology expertise to our Corporate Bank will enhance our model and capabilities to accelerate growth while also underscoring our commitment to be the leading corporate and investment bank serving middle market companies.”

Pacific Crest has 170 employees and is headquartered in Portland, OR.