May 30, 2018

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Helping Clients and Communities Thrive: KeyBank’s Community Benefits Plan & Investing in Neighborhoods

Helping Clients and Communities Thrive: KeyBank’s Community Benefits Plan & Investing in Neighborhoods
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As part of its Community Benefits Plan, KeyBank provided $1.9 billion in community development projects during 2017. This included $57.2 million for West Metro Housing Solutions’ Fifty Eight Hundred Project, a 152-unit affordable housing project in Lakewood, CO.

In 2017, the first year of its $16.5 billion Community Benefits Plan, KeyBank invested $2.8 billion in communities. The plan, which includes support for neighborhoods through affordable housing, small business loans, mortgages and philanthropy, exceeded its goals by 21%.

Through transformative philanthropic investments, KeyBank builds meaningful and impactful relationships in its communities. During Neighbors Make The Difference Day on May 23, 2018, KeyBank employees provided more than 28,000 hours of volunteer activities in the community.

“Thriving communities have affordable housing, small businesses growth and jobs. The community benefits plan is designed to help provide support in all of those areas. Our plan is built on an approach that has earned KeyBank nine consecutive ‘Outstanding’ ratings from the OCC for exceeding the terms of the Community Reinvestment Act,” said Beth Mooney, KeyCorp CEO and Chairman.

Highlights of the first year include:

· $1.9 billion in community development projects providing affordable housing and vital community service initiatives while revitalizing neighborhoods;

· $390 million in small business loans for low-to-moderate income borrowers and neighborhoods;

· $443 million in mortgage lending to low-to-moderate income communities; and

· $38 million in transformative philanthropic investments in neighborhoods across KeyBank’s 15-state footprint.

Congratulations KeyBank!