Keycorp - KEY STOCK NEWS

KeyBank's $500,000 investment in CenterState CEO will support the expansion of business coaching, technical assistance programs, and direct lending to underrepresented BIPOC, women, and veteran-owned firms in Central New York. This investment is part of KeyBank's commitment to invest $40 billion in the communities it serves and support diversity, equity, and inclusion efforts. The funding will help marginalized entrepreneurs access the assistance and financing they need to build successful futures and generational wealth. It will also play a significant role in scaling efforts to expand access to business financing for under-capitalized founders, supporting the launch and growth of underrepresented and BIPOC firms through training, coaching, and technical assistance, and providing direct lending to and investment in undercapitalized firms via CenterState CEO's Growth + Equity Fund. KeyBank's investment aims to address equity gaps and scale the economic impact on entrepreneurs from historically disinvested populations and neighborhoods, ultimately contributing to building strong neighborhoods and economies.

KeyBank recently opened a new full-service branch in Meridian, Idaho, replacing the former East Chinden Boulevard branch with the new 'Spurwing' branch. The ribbon-cutting celebration included a $3,000 donation to the Boys and Girls Clubs of Ada County to support their programs and mission to empower young people, especially those in need.

KeyCorp (NYSE: KEY) announced that Chris Gorman, Chairman and CEO, will present at the Bank of America Securities Financial Services Conference. KeyCorp, with assets of approximately $188 billion, provides a range of financial services to individuals and businesses in 15 states. The live webcast of the conference will be available on www.key.com/ir.

KeyBank's community investments in Northeast Ohio in 2023 were highlighted in a recent appearance on 'New Day Cleveland' on WJW-TV. The bank supported 12 non-profit organizations with grants totaling over $6 million to further their missions in workforce development, education, and diversity, equity, and inclusion initiatives. This reflects KeyBank's commitment to helping clients, communities, and organizations thrive.

KeyBank's Hamden, Connecticut branch recently hosted a Meet & Greet event to introduce the public to the newest K-9 patrol dog, Jet, sponsored by Hometown Foundation and KeyBank. The event was attended by local officials and members of the police department, emphasizing the bank's commitment to the community. KeyBank has underwritten $5,000 of the $15,000 sponsorship cost, showcasing its dedication to being a good neighbor and caring corporate citizen.

KeyBank and the KeyBank Foundation have invested $750,000 in the Akron Children's Foundation to support its Career Launch Program, which aims to remove barriers for individuals interested in pursuing careers in the medical field. The program provides workforce development opportunities for employees and community members, allowing them to continue working while attending college courses. Participants receive support for tuition, uniforms, books, supplies, equipment, transportation, and childcare. Additionally, each participant is paired with a mentor and is guaranteed job placement at Akron Children's upon graduation. KeyBank's investment reflects their commitment to building a diverse workforce in the medical field and supporting community members in achieving career success.

KeyBank and the KeyBank Foundation announced a $150,000 investment in South Bend's Center for the Homeless to support the brand new NEXT (Neighbors Excelling as Tenants) Program. The program aims to educate and prepare individuals living at the center for moving out or transitioning into housing, with a focus on creating good tenant practices for the community. KeyBank's Northern Indiana Market President, Bhumika Norris, expressed excitement to support the Center for the Homeless and its mission to promote safe, quality, and affordable housing. The investment is expected to impact the lives of many individuals and families served by the Center, which has been a beacon of hope for over 65,000 people in the South Bend area.

KeyBank Foundation invested $1,120,000 in non-profit organizations in the Capital Region in 2023 to support workforce development and community initiatives. This is part of KeyBank's commitment to invest $40 billion in the communities it serves. The grants aim to support diversity, equity, and inclusion efforts. KeyBank has a tradition of supporting the community, and the investments are intended to strengthen neighborhoods. The funding includes support for organizations such as Trinity Alliance, Albany Black Chamber of Commerce, Affordable Housing Partnership, Albany Can Code, Albany College of Pharmacy and Health Sciences, and many others. KeyBank has a track record of community commitments totaling more than $1 billion in the Capital Region since 2017, supporting affordable housing, community development projects, small business and home lending, and transformative philanthropy.

Avesta Housing receives a $400,000 grant from KeyBank Foundation to enhance services for residents in affordable housing properties. The funding will expand staffing capacity to provide access to healthcare programs, education, employment opportunities, job training, and more. Avesta's mission is to improve lives and strengthen communities by providing affordable quality homes for people in need. KeyBank's Maine Market President, Tony DiSotto, emphasizes the importance of everyone having safe and affordable housing.