Here’s how much one of Pittsburgh’s biggest banks invested in the local community

PITTSBURGH — KeyBank has invested more than $443 million in the western Pennsylvania market through its National Community Benefits Plan since 2017. Its parent, Cleveland-based KeyCorp. said in its newly released 2021 Environmental, Social and Governance Report that the benefits plan has surpassed its five-year goals and provided over $26 billion focused on economic access and equity.

“At Key, being a responsible corporate citizen is central to who we are and how we do business,” Chris Gorman, KeyCorp chairman and CEO, said in a prepared statement. “We are committed to delivering value for all stakeholders by focusing on our purpose — to help our clients, colleagues and communities thrive.”

Through December 2021, Key broke out the following investments in western Pennsylvania:

  • $189 million in affordable housing and community development projects
  • $99 million in small business loans to businesses that are part of low- and-moderate income communities
  • $151 million in mortgage lending to low- and moderate-income communities
  • $4.39 million in transformational philanthropic investments in neighborhoods.

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