KeyBank provides a full range of banking services for individuals, small businesses, and commercial clients across the United States. It offers checking and savings accounts, credit cards, mortgages, loans, and other financial products. Customers use these products by making deposits, borrowing money, or using credit in everyday life; the bank earns interest on loans, fees for services, and commissions on products. KeyBank differs from many rivals by offering a wide geographic footprint and a focus on tailored financial solutions plus tools to improve financial wellness, such as budgeting resources and planning guidance. Its goal is to help clients reach financial milestones—like buying a home, paying down debt, or saving for the future—through a comprehensive set of services.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Cleveland, Ohio
Founded
1824
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Medical, dental, & vision
Wellness Programs
Fitness Reimbursement
Alternative Work Schedules
PTO
Parental Leave
401(k) Savings Plan
Discounted Stock Purchase Plan
Tuition Reimbursement
CTO Realty Growth has closed a $1.0 billion unsecured credit facility, extending its debt maturity profile and increasing total commitments by $250 million. The Winter Park, Florida-based owner and operator of open-air shopping centres will use proceeds to repay outstanding borrowings under its previous $300 million revolving credit facility and two term loans. The new facility comprises a $400 million revolving credit facility due September 2030 and four term loans ranging from $150 million each, maturing between September 2029 and March 2032. The refinancing increases the company's weighted average debt maturity to 4.3 years from 1.6 years. Initial fixed interest rates on the term loans range from 3.4% to 5.3%, based on applied SOFR swaps. The facility was provided by a syndicate led by KeyBank National Association.
KeyBank has appointed Drue Anderson to lead its Retail Banking division. Anderson brings over 25 years of banking experience, most recently serving as Divisional Director of Consumer Banking and Head of Virtual Banking at JPMorgan Chase. He will focus on growth execution, client experience and strategic commitments. Anderson succeeds Kevin Sloan, who is retiring at year-end. Earlier in his career, Anderson held leadership positions at Citibank, including regional director and sales manager roles, where he helped deliver double-digit year-over-year balance and revenue growth. He will be based at KeyBank's Indianapolis office and will work with Sloan through the end of 2026 to ensure a smooth transition. KeyBank is one of the largest bank-based financial services companies, with approximately $191 billion in assets as of 30 June 2026.
White Tank is expected to enter service in the first half of 2027 as APS peak demand ran 5% above its 2025 record; GridStor has over 3 GW in its pipeline.
Cardinal Infrastructure Group's construction subsidiary, Cardinal Civil Contracting, has secured a $250 million delayed draw term loan facility and expanded its revolving credit line from $75 million to $100 million through a Second Amendment to its Credit Agreement with Truist Bank. The delayed draw facility can be accessed in up to five separate advances over 18 months from the 10 September 2026 effective date. The amendment requires the borrower to maintain a Consolidated Total Net Leverage Ratio of no greater than 1.60 to 1.0 and Consolidated EBITDA of at least $125 million for the twelve months ended 30 June 2026. The expanded credit capacity provides Cardinal Infrastructure significant liquidity for potential acquisitions, project investments, or operational needs. The lending syndicate includes Truist Bank, First Horizon Bank, KeyBank, Regions Bank, and other financial institutions.
Cari, the bank-governed digital money network, today announced it has raised $32.5 million in the first tranche of its initial external funding round, with t...