KeyBank, owned by KeyCorp (NYSE: KEY), is based in Cleveland, OH and is one of the largest banks in the country. With $89 billion in assets, it ranks as the 28th largest bank in the United States. KeyBank offers banking products and services to individuals and companies across the country including mortgage loans, cds, savings accounts and auto loans.
KeyBank was formed in 1994, though in reality it is actually over a century old. The bank was actually created by a merger between Cleveland's Society Bank (founded in 1849) and Albany, NY's KeyCorp Bank (founded 1825). Today, the company employs around 15,000 individuals and operates over 1000 full service branches and nearly 14,000 ATMs. Though KeyBank maintains offices in 31 states for corporate banking, it offers consumer banking in 14: Alaska, Colorado, Connecticut, Idaho, Indiana, Kentucky, Maine, Michigan, New York, Ohio, Oregon, Utah, Vermont, and Washington.
KeyBank is a full service financial institution, and nearly all of its financial products, such as certificates of deposit (CDs), are available online, where you can complete a quick application. Over the years, Key has won various awards for its customer service. You can use RateZip to see how KeyBank's cd rates stack up against the competition.
Key's mortgage division offers a variety of residential mortgage products, including 15 and 30 yr fixed, and 5/1 ARM.
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