KeyBank was recently recognized as the 2019 ColoradoBiz Top Company in the Financial Services category, with the award noting its collaborative practices and commitment to giving back to the local community.
KeyBank's personal service and broad offerings benefit clients
KeyBank, as well as Colorado-based Key Equipment Finance, is part of KeyCorp, one of the nation's largest bank-based financial services companies. As such, it enjoys the benefits of a large bank while providing the personal relationships and advice of a community bank.
Teamwork is Key
Collaboration is central to KeyCorp's success, said Doug Dell, senior vice president and manager of Commercial Banking for KeyBank Colorado. "What sets us apart is our wholistic approach that allows the different areas of the bank to function as one team."
KeyBank is able to leverage its system of retail banking centers, commercial banking and wealth management, and equipment leasing through Key Equipment Finance to offer clients a full spectrum of financial services.
Targeted investment helps communities
The fifth-largest bank in the state, KeyBank was recognized, in part, for its efforts to give back in Colorado through more than 100 community partnerships, with $405 million invested in 2017 and 2018 as part of its National Community Benefits Plan.
Across its 15-state footprint, KeyBank has invested more than $7.1 billion in communities in the first two years of the plan. The Plan includes community investment targets for affordable housing and development, growing small businesses and jobs, mortgages for underserved communities, and transformative philanthropy.
Example: Collaboration leads to client success
In an example of its collaborative formula, KeyBank earlier this year arranged financing for the sale of one of its commercial clients for an amount large enough that the loan was split between 13 lenders nationwide.
KeyBank had helped the owner start his business over 20 years ago with a small business loan through one of its banking centers. As the business grew, KeyBank’s Business Banking team helped support that growth with increasing credit lines, and Key Equipment Finance provided financing for a fleet of vehicles.
In time, the business became a leader in the Rocky Mountain region through acquisitions, and consequently more sophisticated credit and treasury management systems were required to scale the business through KeyBank's Commercial Banking team. The sale created significant wealth for the family owners, and the experts in KeyBank's Private Banking group helped create strategies for investment of those funds.
See page 32 in ColoradoBiz for the award write-up: