KeyBank on Friday said it is increasing its Community Benefits Plan to $40 billion. The investments will continue to focus on economic access and equity for underserved communities and populations.
Cleveland-based KeyBank (NYSE:KEY) is Pittsburgh’s seventh-largest bank by deposit market share; it has 52 branches in the 10-county region. KeyBank has $170.3 billion in assets and operates in 15 states. It entered western Pennsylvania in 2016.
Launched in 2017, the National Community Benefits Plan surpassed its $16.5 billion goal in 2020 by delivering more than $18 billion in lending and investments across its footprint.
Read more from our partners at The Pittsburgh Business Times.
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