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About Key Bank:
Key Bank – One of the most Profitable Banks in the United States
Key Bank is a leading nationally chartered bank with its headquarters based in Cleveland, Ohio. Subsidiary to the parent corporate company Key Corp, Key Bank is primarily regulated by Federal Deposit Insurance Corporation, Office of controller of Currency. Its subsidiaries are monitored by Consumer financial Protection bureau, U.S. Securities and Exchange Commission, and other regulatory bodies. From being the only major bank in Cleveland, now it has included the customer base of small business, retail industry, corporate and investment clients. Specially after overtaking of the First Niagara bank, Key placed itself in the top 18th largest banks from the asset perspective.
Becoming Key Bank
Key bank was formed in 1994 when the Society Corporation of Cleveland or the Society Bank merged with the Old Key Corp. It roots back to Commercial Bank of Albany, New York in 1825 and Cleveland’s Society for Savings, founded in 1849. From a commercial and savings bank this merger quickly turned Keys into the 10th largest bank of United States, with 20000 employees and varied clients. Since Ohio it has spanned its branches to all major cities of United States including Washington, New York, Colorado, Massachusetts, Alaska, Indiana, Kentucky, Pennsylvania up to 1200 branches and up to 1500 ATMs. It has been one of the last major banks to have paid back the TARP fund that was loaned to, in 2008. The Bank also penned in history to have the first female CEO and Chairman on top listed bank list in 2011. 2012 marked another milestone with the acquisitions of the HSBC branches on Upstate New York up to as many as 37 branches.
The stock market value of Key Bank as quoted in NYSE is $ 18.32 currently. The revenue of the company is $4.45B with net income $915.00M with a market cap of $19.80 Billion. The sale growth rated as of 2015 was 3.1%. The profitability parameter as seen for the bank in market currently for Operations Margin and Pre-tax Margin is 27.47, Returns on the assets is 0.96, and equity is 8.60, whereas on total capital and investment capital its 4.44 and 4.99 respectively.
The Bank not only provides retail and commercial banking facility but also ventures into commercial leasing, investment management and consumer finance. It servers several industry sectors such as consumer, energy, healthcare, industrial, public sector and real estate. It also caters to the welfare sector granting loans and grants to the non profiting organisations. It announced a large sum of 1.7 million for community services in the organizations based in Buffalo for schools and pre-schools. Key bank offers a major investment opportunity in the current market with an asset base of $135 billion. Especially after the merger with First Niagara, the bank has leaped its ranks in tenfold.
As a corporate responsibility, Key Bank has won a number of rewards like eight consecutive rating for loans, Top 50 companies for Diversity in Diversity Inc magazine. GI Jobs recognised keys as Military and Military Spouse friendly employer. It has won many recognitions for America’s one of the most community minded company.
Key has widespread online facilities helping consumer’s easy access to banking and financial requirements. It adheres to all the present day mobile banking opportunities to its account holder’s convenience. There is as well an android app in Google play for Keys Bank.
The political scenario has been unable to daunt the stock values of Keys. Even though conventional wisdom showed otherwise, the equities of the company have risen sharply after the election. Financial Analyst has deemed Key a lucrative investment opportunity expressly after the merger of First Niagara where the valuation of Keys has increased rapidly.
Key Bank Properties For Sale Across the United States :
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands, Washington, West Virginia, Wisconsin, Wyoming