Mooney to retire as KeyCorp CEO, Gorman named Successor

KeyCorp Chairman and Chief Executive Officer, Beth Mooney, will retire on May 1, 2020.

September 20, 2019 Beth Mooney | KeyCorp nadine

Quon Joins Keybank ABL Division as Sr. Business Development Exec

David Quon joined KeyBank Business Capital, the asset-based lending arm KeyCorp, as a senior business development executive. Quon will be based in Chicago and report to Paul Cronin, head of KeyBank Business Capital.

January 25, 2019 David Quon | KeyBank | KeyBank Business Capital | KeyCorp | Paul Cronin Amanda Koprowski

KeyCorp Names Khayat EVP, Chief Strategy Officer

KeyCorp has named Clark Khayat executive vice president and chief strategy officer with responsibility for corporate strategy, mergers and acquisitions and strategic investments.

February 1, 2018 Beth Mooney | Clark Khayat | KeyCorp ABF Journal

KeyCorp Closes First Niagara Acquisition

KeyCorp has closed its acquisition of First Niagara Financial Group. Systems and client conversion is expected during the fourth quarter of 2016, subject to pending regulatory approval by the Office of the Comptroller of the Currency for the merger of First Niagara Bank into KeyBank.

August 2, 2016 First Niagara | KeyCorp ABF Journal

KeyCorp Reports Lower Q1 Earnings; Asset Quality Impacted by Oil & Gas

KeyCorp reported Q1/16 earnings were down from the same quarter in 2015 and noted its provision charge was higher as its asset quality measures were impacted by credit migration primarily in the oil and gas portfolio.

April 25, 2016 KeyCorp ABF Journal

Reuters: Major Regional Banks Prepare for Energy Loan Losses

According to Reuters, five U.S. regional banks put aside millions of dollars during Q1/16 to cover potential losses from loans to the energy sector.

April 25, 2016 Comerica | Fifth Third | KeyCorp | Regions Financial | SunTrust ABF Journal

Three First Niagara Directors to Join KeyCorp’s Board

KeyCorp added Austin A. Adams, Gary M. Crosby and Carlton L. Highsmith to its board of directors. The additions will be effective upon the closing of the merger of First Niagara Financial Group into KeyCorp.

April 25, 2016 Austin Adams | Carlton Highsmith | First Niagra Financial Group | Gary Crosby | KeyCorp ABF Journal

Shareholders Approve KeyCorp, First Niagara Merger

The shareholders of KeyCorp and First Niagara Financial Group voted in favor of a merger between the two companies. More than 90% of votes cast were in favor of the merger.

March 24, 2016 First Niagara Financial Group | KeyCorp ABF Journal

KeyCorp Acquires First Niagara for $4.1B

KeyCorp and First Niagara Financial entered into a definitive agreement under which KeyCorp will acquire First Niagara in a cash and stock transaction for total consideration valued at approximately $4.1 billion.

October 30, 2015 First Niagara | KeyCorp Rita Garwood

KeyCorp Reports 10% Increase in Q3 Earnings on Higher Revenues

KeyCorp said Q3/15 net income from continuing operations of $216 million was up 10% from $197 million a year earlier. Revenue of $1,068 million was up from $998 million in Q3/14.

October 15, 2015 KeyCorp Rita Garwood